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.
|