skip to contentHOME | PRODUCTS | LOUIS | SHOP | MUSEUM | ADVISORY | RESEARCH | HELP | SEARCH


Statement of Activities and Changes in Net Assets


Year Ended September 30, 2003

    Unrestricted   Temporarily Restricted Permanently Restricted  
  General Fund Endowment Fund Total Unrestricted Endowment Fund Endowment Fund Total

Support, Revenues, and Gains
Products distributed and sold $20,114,035 $  $20,114,035 $  $  20,114,035
Contributions and bequests 1,152,232 5,448,582 6,600,814 17,091   6,617,905
Interest and dividends 208,421 1,256,449 1,464,870     1,464,870
Gain on investments   5,518,539 5,518,539   337,771 5,856,310
Miscellaneous income 882,793 3,516 886,309     886,309
Total Support, Revenues, and Gains 22,357,481 12,227,086 34,584,567 17,091 337,771 34,939,429
 

Expenses and Losses
Costs of products distributed and sold 15,840,203   15,840,203     15,840,203
General and administrative 4,163,807 (309,390) 3,854,417     3,854,417
Program support 5,550 1,348,224 1,353,774     1,353,774
Fundraising and development 810,895   810,895     810,895
Miscellaneous expense 393,742   393,742     393,742
Loss on investments 2,512   2,512     2,512
Investment fees   137,445 137,445     137,445
Total Expenses and Losses 21,216,709 1,176,279 22,392,988 0 0 22,392,988
 

Change in Net Assets

 1,140,772 11,050,807 12,191,579 17,091 337,771 12,546,441
 

Net Assets, Beginning of Year

 22,209,355 37,907,389 60,116,744 207,424 2,108,717 62,432,885
 

Transfers and Capital Additions

 129,383 (129,383)        
 

Net Assets, End of Year

 $23,479,510 $48,828,813 $72,308,323 $  224,515 $ 2,446,488 $74,979,326

Year Ended September 30, 2002

    Unrestricted   Temporarily Restricted Permanently Restricted  
  General Fund Endowment Fund Total Unrestricted Endowment Fund Endowment Fund Total

Support, Revenues, and Gains
Products distributed and sold $18,926,081 $  $18,926,081 $  $  18,926,081
Contributions and bequests 1,019,187 757,382 1,776,569 (23,740)   1,752,829
Interest and dividends 188,782 1,307,012 1,495,794     1,495,794
Gain on investments            
Miscellaneous income 923,342   923,342     923,342
Total Support, Revenues, and Gains 21,057,392 2,064,394 23,121,786 (23,740) 0 23,098,046
 

Expenses and Losses
Costs of products distributed and sold 14,920,046   14,920,046     14,920,046
General and administrative 4,036,440 413,551 4,449,991     4,449,991
Program support   1,487,224 1,487,224     1,487,224
Fundraising and development 795,446   795,446     795,446
Miscellaneous expense 132,768   132,768     132,768
Loss on investments 71,847 5,938,278 6,010,125   323,704 6,333,829
Investment fees   148,986 148,986     148,986
Total Expenses and Losses 19,956,547 7,988,039 27,944,586 0 323,704 28,268,290
 

Change in Net Assets

 1,100,845 (5,923,645) (4,822,800) (23,740) (323,704) (5,170,244)
 

Net Assets, Beginning of Year

 20,685,831 44,253,713 64,939,544 231,164 2,432,421 67,603,129

Transfers and Capital Additions

 422,679 (422,679)        

Net Assets, End of Year

 $22,209,355 $37,907,389 $60,116,744 $   207,424 $ 2,108,717 $62,432,885

APH logo

©2004, American Printing House for the Blind, Inc.