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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.
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