Statement of Activities 1999

	Unrestricted	Restricted [a]	Total
Revenues, gains & other support
Contributions & grants
Cash	16,471	758,149	774,620
In-kind books & materials	19,103,026 [b]		19,103,026
In-kind services	74,281 [b]		74,281
Other revenues	494		494
Investment income	11,857	2,043	13,900
Net assets released from restrictions	718,755	(718,755)	0
Total revenues, gains & other support	19,924,884	41,437	19,966,321
Operating expenses
Programs
Scientific Assistance (Book Programs)	421,345		421,345
Library & Information Technology	145,249		145,249
Philosophy	13,064		13,064
Fellowship	190		190
Total cash expenditures	579,848 [c]		579,848
In-kind books & materials	19,103,026 [b]		19,103,026
In-kind services	66,059 [b]		66,059
Total program services	19,748,933		19,748,933
Support Services
General and administrative	88,972		88,972
Fundraising	11,783		11,783
In-kind services	8,222 [b]		8,222
Total support services	108,977		108,977
Total operating expenses	19,857,910		19,857,910
Change in net assets	66,974	41,437	108,411
Net assets - beginning of year	136,639	590,235 [d]	726,874
Net assets - end of year	203,613	631,672 [d]	835,285

Notes: [a] SFAS No. 116 provides: “Contributions are recognized when the donor makes a promise to give that is, in substance, unconditional, and are recorded as unrestricted, temporarily restricted, or permanently restricted, depending on the existence or the nature of any donor restrictions.” [b] For tax and financial statement purposes, in-kind services and donated materials are reported as expended in the same year in which they are received. Therefore, inventory of books and materials are not carried on Sabre’s audited statement of financial position. [c] Of this total, confirmed by audit, the component relating to the Library and Information Technology Services program was estimated by management. [d] Except for $1,400 permanently restricted endowment, these figures refer to assets restricted temporarily.