2016 Annual Report STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 2016 Unrestricted Support and Revenues Admissions $2,855,637 $2,855,637 Annual Giving 2,285,695 $78,350 2,364,045 Educational Programs 514,299 514,299 Retail Centers 2,239,804 2,239,804 Investment Return 486,506 $1,006,326 1,492,832 Lease Income 878,020 878,020 Special Event Revenue 187,008 187,008 Other 87,382 87,382 Total Support and Revenues 9,534,351 78,350 1,006,326 10,619,027 Net Assets Released from Restrictions 1,452,767 (592,944) (859,823) Expenses Program Services: Horticulture 2,039,113 2,039,113 Collections 1,613,816 1,613,816 Educational Programs 865,154 865,154 Food Services 1,142,789 1,142,789 Gift Shop 574,552 574,552 Public Operations 1,898,142 1,898,142 Volunteer Services 60,622 60,622 Total Program Services 8,194,188 8,194,188 Supporting Services: Management and General 509,913 509,913 Fundraising 758,109 758,109 Total Supporting Services 1,268,022 1,268,022 Cost of Sales - Retail Centers 957,675 957,675 Total Expenses 10,419,885 10,419,885 Increase in Net Assets 567,233 (514,594) 146,503 199,142 Net Assets, Beginning of Year 23,797,340 647,161 14,717,787 39,162,288 Net Assets, End of Year $24,364,573 $132,567 $14,864,290 $39,361,430 The Statement of Financial Position and Statement of Activities and Changes in Net Assets were extracted from Brookgreen Gardens’ audited financial statements for the year ended December 31, 2016. These statements were audited by McGregor & Company, LLP, which expressed an unqualified opinion thereon. The complete audited financial statements, including the auditors’ report, statement of cash flows, and footnotes are available for inspection at the Brookgreen Gardens administrative office. ~ 19 ~ Temporarily Restricted Permanently Restricted Total
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