Balance Sheet

As at December 31

		2010		2009
ASSETS
Current
Cash and cash equivalents	$	1,182,640	$	$1,006,644
Short-term investments		1,000,000		–
Accounts receivable		160,325		118,549
Current portion of note receivable		222,523		213,338
Program materials held for sale		51,740		100,268
Prepaid expenses		30,142		72,777
		2,647,370		1,511,576
Investments, at market value		13,130,410		12,563,876
Note receivable		1,582,160		1,805,434
Capital assets, net		106,547		144,405
Other long-term assets		155,773		–
	$	17,622,260	$	16,025,291

LIABILITIES AND NET ASSETS
Current
Accounts payable and accrued liabilities	$	938,689	$	532,561
		938,689		532,561
Deferred contributions		274,325		165,868
		1,213,014		698,429
Net Assets
Endowments		13,787,528		12,620,642
Board restricted		2,467,122		2,525,930
Unrestricted		154,596		180,290
		16,409,246		15,326,862
	$	17,622,260	$	16,025,291

This information has been extracted from the full audited financial statements, which are available upon request.