2021-09-22 OMA Agenda - Board of Trustees

OBESITY MEDICINE ASSOCIATION

CONSOLIDATING STATEMENT OF FINANCIAL POSITION December 31, 2020

Assets

Association Foundation Eliminations

2020

Current Assets Cash Investments

$

859,809 5,567,979

$

113,292

$

—

$

973,101

— —

— 5,567,979

Accounts receivable Due from related party Prepaid expenses Total Current Assets

29,042 2,859 23,059

—

29,042

— (2,859)

—

797

—

23,856

6,482,748

114,089

(2,859)

6,593,978

Equipment, net

24,008

116

—

24,124

$

6,506,756

$

114,205

(2,859) $

$

6,618,102

Total Assets

Liabilities

Current Liabilities Accounts payable Accrued liabilities Due to related party Deferred revenue

$

40,917 32,857

$

— — 2,859 — 2,859

$

— —

$

40,917 32,857

—

(2,859)

—

1,015,550 1,089,324

— 1,015,550

(2,859)

1,089,324

Total Current Liabilities

Net Assets

Net Assets With donor restrictions Without donor restrictions

— 11,590

—

11,590

5,417,432 5,417,432

99,756 111,346

— 5,517,188 — 5,528,778

Total Net Assets

$

6,506,756

$

114,205

(2,859) $

$

6,618,102

Total Liabilities And Net Assets

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