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23 ANNUAL REPORT 2015 Nexus Consolidated Statement of Financial Position December 31, 2015 Assets Cash $6,644,393 Investments 27,154,083 Receivables 10,830,584 Prepaid Expenses $167,841 Total Current Assets 44,796,901 Fixed Assets 52,389,102 Accumulated depreciation/amortization (15,293,685) Net Fixed Assets 37,095,417 Other 2,176,758 Total Noncurrent Assets 39,272,175 Total Assets $84,069,076 Liabilities and Net Assets Accounts Payable $809,630 Accrued Expenses 3,621,694 Contract Advances 2,605,112 Other 153,937 Bonds and Notes Payable, current portion 966,359 Total Current Liabilities 8,156,732 Non-Current Liabilities Long Term Debt 18,982,924 Other 6,184 Total Liabilities 27,145,840 Net Assets Unrestricted 56,715,474 Temporarily Restricted 207,762 Total Net Assets 56,923,236 Total Liabilities and Net Assets $84,069,076 Functional Expense Allocation <1% Expense Allocation by Site Gerard Academy – MN (17%) Indian Oaks Academy – IL (27%) Kindred Family Focus – MN (11%) Mille Lacs Academy – MN (13%) Onarga Academy – IL (17%) Woodbourne – MD (15%) 15% 17% 17% 13% 11% 27% Program (81%) General and Administrative (19%) Fundraising (less than 1%) 19% 81% Sources of Funding Contract Revenue (80%) School Revenue (15%) Program Revenue (1%) Other (3%) Donations, Grants, and Special Events (1%) 1% 3% 80% 15% 1%


NexusAR2016
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