34 THE NAFCU JOURNAL JULY–AUGUST 2022 NAFCU 2021 Annual Report 11 NAFCU AND AFFILIATES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 12 . 31 . 2021 & 2020 Liabilities and Net Assets LIABILITIES ACCOUNTS PAYABLE AND ACCRUED EXPENSES $ 2,765,193 $ 2,657,037 DEFERRED REVENUE 11,584,086 10,661,385 TENANT DEPOSITS 14,349 14,349 DEFERRED COMPENSATION LIABILITY 455,958 328,640 TOTAL LIABILITIES $ 14,819,586 $ 13,661,411 NET ASSETS WITHOUT DONOR RESTRICTIONS $ 14,858,354 $ 13,337,090 WITH DONOR RESTRICTIONS 2,882,626 2,491,347 TOTAL NET ASSETS $ 17,740,980 $ 15,828,437 TOTAL LIABILITIES AND NET ASSETS $ 32,560,566 $ 29,489,848 Activities without donor restrictions REVENUE AND SUPPORT MEMBERSHIP DUES $ 12,862,783 $ 11,497,650 MEMBERSHIP EDUCATION AND TRAINING 3,203,011 2,268,934 SERVICE FEES 2,596,311 2,525,792 ADVERTISING 137,430 112,931 INTEREST AND DIVIDEND INCOME, NET OF FEES 212,623 301,619 RENTAL INCOME 194,247 191,364 OTHER 353,022 150,351 PRODUCTS AND SERVICES 101,369 77,716 NET ASSETS RELEASED FROM RESTRICTIONS 695,165 496,495 TOTAL REVENUE AND SUPPORT $ 20,355,961 $ 17,622,852 2021 2020 CASH AND CASH EQUIVALENTS $ 7,110,582 $ 4,178,548 ACCOUNTS RECEIVABLE 471,151 598,902 PREPAID EXPENSES AND OTHER ASSETS 477,422 436,961 INVESTMENTS 18,649,343 18,892,842 DEFERRED COMPENSATION INVESTMENTS 376,399 221,425 PROPERTY AND EQUIPMENT, NET 2,862,894 2,560,969 OTHER ASSETS 2,612,775 2,600,201 TOTAL ASSETS $ 32,560,566 $ 29,489,848 Assets
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