Page 21 - Child Care Resource Center
P. 21
Child Care Resource Center, Inc. Notes to Financial Statements
Note 8 – Fair Value Measurement of Investments (continued)
The following table presents the fair value measurements of assets recognized in the accompanying statements of financial position measured at fair value on a recurring basis and the fair value hierarchy in which the fair value measurements fall at June 30, 2021 and 2020:
Level 1 Level 2
22,027 $- $
2,384,279 197,257 - 483,360
856,840 - 4,065,061 - - - 713,254 -
8,041,461 $ 680,617 $
Level 1 Level 2
1,183,149 $- $
4,469,246 - - 399,120
402,810 - 883,886 - - - 90,864 -
7,029,955 $ 399,120 $
2021
Level 3
Assets Measured Using NAV
$ -
-
-
-
-
1,749,516 -
$ 1,749,516
Assets Measured Using NAV
$ -
-
-
-
-
336,862 -
$ 336,862
Total
$ 22,027
2,581,536 483,360
856,840 4,065,061 1,749,516
713,254
$ 10,471,594
Total
1,183,149
4,469,246 399,120
402,810 883,886 336,862
90,864 7,765,937
Cash and cash equivalents Fixed-income
Corporate bonds and funds
Medium term notes Equity securities
International common stock Domestic common stock Private equity funds
Real estate funds
$
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total $
2020
Level 3
Cash and cash equivalents Fixed-income
Corporate bonds and funds
Medium term notes Equity securities
International common stock Domestic common stock Private equity funds
$
$
$
Real estate funds
Total $
Private equity funds accounted for at NAV, or its equivalent, seek to achieve long-term capital appreciation by investing in a globally diversified portfolio of private equity investments. These private equity funds are redeemable on a quarterly basis with a 20-day redemption notice period. There are no unfunded commitments associated with these funds. The funds are subject to a one-year soft lock with a withdrawal fee of 2%.
19
