Statement of Activities and Changes in Net Assets

Year Ended September 30, 2009

	Unrestricted			Temporarily Restricted			Permanently Restricted
	General Fund	Endowment Fund	Total	General Fund	Endowment Fund	Total	Endowment Fund	Total
SUPPORT, REVENUES, AND GAINS
Products distributed and sold	$ 21,199,643	$	$ 21,199,643	$	$	$	$	$ 21,199,643
Contributions and bequests	909,636	67,684	977,320		4,978	4,978		982,298
Interest and dividends	231,528	1,062,087	1,293,615					1,293,615
Grants	436,848		436,848					436,848
Gain on investments	715,495		715,495				101,663	817,158
Miscellaneous income	1,488,794	(1,363)	1,487,431					1,487,431
Net assets released from restrictions	19,803		19,803	(19,803)		(19,803)
Total Support, Revenues, and Gains	25,001,747	1,128,408	26,130,155	(19,803)	4,978	(14,825)	101,663	26,216,993
EXPENSES AND LOSSES
Costs of products distributed and sold	16,231,104		16,231,104					16,231,104
General and administrative	4,830,996	220,917	5,051,913					5,051,913
Program support	796,521	1,989,915	2,786,436					2,786,436
Fundraising and development	581,521		581,521					581,521
Loss on investments		1,670,998	1,670,998					1,670,998
Miscellaneous expense	179,944		179,944					179,944
Investment fees		175,760	175,760					175,760
Total Expenses and Losses	22,620,086	4,057,590	26,677,676	0	0	0	0	26,677,676
NET EXPENSE FOR THE RETIREMENT PLAN	1,469,980	0	1,469,980	0	0	0	0	1,469,980
CHANGE IN NET ASSETS	911,681	(2,929,182)	(2,017,501)	(19,803)	4,978	(14,825)	101,663	(1,930,663)
NET ASSETS, BEGINNING OF YEAR	23,005,531	60,770,750	83,776,281	56,090	82,673	138,763	2,614,638	86,529,682
NET ASSETS, END OF YEAR	$ 23,917,212	$ 57,841,568	$ 81,758,780	$ 36,287	$ 87,651	$ 123,938	$ 2,716,301	$ 84,599,019

Year Ended September 30, 2008

	Unrestricted			Temporarily Restricted			Permanently Restricted
	General Fund	Endowment Fund	Total	General Fund	Endowment Fund	Total	Endowment Fund	Total
SUPPORT, REVENUES, AND GAINS
Products distributed and sold	$ 20,851,812	$	$ 20,851,812	$	$	$	$	$ 20,851,812
Contributions and bequests	1,134,238	378,392	1,512,630		23,199	23,199		1,535,829
Interest and dividends	537,096	1,287,038	1,824,134					1,824,134
Grants	435,446		435,446					435,446
Miscellaneous income	1,477,687	(826)	1,476,861					1,476,861
Net assets released from restrictions	23,592		23,592	(23,592)		(23,592)
Total Support, Revenues, and Gains	24,459,871	1,664,604	26,124,475	(23,592)	23,199	(393)	0	26,124,082
EXPENSES AND LOSSES
Costs of products distributed and sold	15,970,131		15,970,131					15,970,131
General and administrative	4,559,743	862,696	5,422,439					5,422,439
Program support	978,077	2,806,233	3,784,310					3,784,310
Fundraising and development	779,253		779,253					779,253
Loss on investments	87,369	12,627,096	12,714,465				434,673	13,149,138
Miscellaneous expense	167,266		167,266					167,266
Investment fees		260,930	260,930					260,930
Total Expenses and Losses	22,541,839	16,556,955	39,098,794	0	0	0	434,673	39,533,467
NET EXPENSE FOR THE RETIREMENT PLAN	3,721,604	0	3,721,604	0	0	0	0	3,721,604
CHANGE IN NET ASSETS	(1,803,572)	(14,892,351)	(16,695,923)	(23,592)	23,199	(393)	(434,673)	(17,130,989)
NET ASSETS, BEGINNING OF YEAR	24,809,103	75,663,101	100,472,204	79,682	59,474	139,156	3,049,311	103,660,671
NET ASSETS, END OF YEAR	$ 23,005,531	$ 60,770,750	$ 83,776,281	$ 56,090	$ 82,673	$ 138,763	$ 2,614,638	$ 86,529,682

Featured Content

Accessible
Textbooks

Custom Media
Solutions

Museum

Hall of Fame

• Customer Care
• Contact Us
• Ayuda a Nuestros Clientes en Español
• Press Room
• Privacy Policy
• Legal Terms & Conditions

© Copyright American Printing House for the Blind, 1839 Frankfort Ave, Louisville, KY 40206 (Directions).
From U.S. and Canada call toll-free 1-800-223-1839. Open weekdays 8 a.m.–4:30 p.m. (EST).

APH is a 501(c)(3) nonprofit organization.