INSTITUTE OF THE AMERICAS 2023 ANNUAL REPORT

ANNUAL REPORT 2023

FY-2022 Financials

STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2022 (With summarized nancial information for December 31, 2021)

2021 (NOTE 13)

ASSETS

2022

Cash and cash equivalents Accounts receivable Prepaid expenses Investments Right-of-use asset Property and equipment, net Total assets

$ 71, 339 53, 786 2, 361 11, 091, 192

$ 127, 935 17, 828 5, 299 12, 955, 534

1,080, 249 1, 656, 509 $ 13, 955, 436

1, 137, 678 1, 727, 250 $ 15, 971, 524

LIABILITIES AND NET ASSETS

Liabilities:

$ 100, 127 4, 640 15, 002 $ 119, 769

$ 108, 197 4, 640 18, 822 $ 131, 659

Accounts payable and accrued expenses Deferred revenue Capital lease payable Total liabilities

COMMITMENTS (NOTE 12)

Net assets:

$ 5, 137, 326 8, 698, 341 13, 835, 667 $ 13, 955, 436

$ 6, 021, 931 9, 817, 952 15, 839, 865 $ 15, 971, 524

Without donor restrictions With donor restrictions Total net assets

Total liabilities and net assets

33