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Annual Report 2011: APH Financial Statements, Fiscal Year 2011

October 1, 2010 – September 30, 2011

Statements of Activities and Changes in Net Assets

Year Ended September 30, 2011

  Unrestricted Temporarily Restricted Permanently Restricted Total

Support and Revenues
Products Distributed and Sold $23,232,085 - - $23,232,085
Contributions and Bequests 3,078,449 - - 3,078,449
Interest and Dividends 1,621,323 43,929 24,823 1,690,075
Grants 353,431 - - 353,431
Miscellaneous Income 1,306,430 - - 1,306,430
Net Assets Released from Restrictions 158,547 (158,547) - -
Total Support and Revenues 29,750,265 (114,618) 24,823 29,660,470

Expenses and Losses
Costs of Products Distributed and Sold 18,878,554 - - 18,878,554
General and Administrative 4,984,955 - - 4,984,955
Program Support 2,363,437 - - 2,363,437
Fund-Raising and Development 614,203 - - 614,203
Miscellaneous Expense 174,415 - - 174,415
Loss on Investments, Net 2,311,350 - - 2,311,350
Investment Fees 187,469 - - 187,469
Total Expenses and Losses 29,514,383 - - 29,514,383
Net Expense for the Retirement Plan 896,061 - - 896,061
Change in Net Assets (660,179) (114,618) 24,823 (749,974)
Net Assets, Beginning of Year 87,723,214 3,071,397 1,985,846 92,780,457
Net Assets, End of Year 87,063,035 2,956,779 2,010,669 92,030,483

Year Ended September 30, 2010

  Unrestricted Temporarily Restricted Permanently Restricted Total

Support, Revenues, and Gains
Products Distributed and Sold $25,225,274 - - $25,225,274
Contributions and Bequests 1,012,827 - - 1,012,827
Interest and Dividends 1,403,077 65,951 - 1,469,028
Grants 411,506 - - 411,506
Gain on Investments 5,482,650 150,562 49,646 5,682,858
Miscellaneous Income 1,384,559 - - 1,384,559
Net Assets Released from Restrictions 126,655 (126,655) - -
Total Support, Revenues, and Gains 35,046,548 89,858 49,646 35,186,052

Expenses
Costs of Products Distributed and Sold 20,367,347 - - 20,367,347
General and Administrative 5,165,066 - - 5,165,066
Program Support 2,619,152 - - 2,619,152
Fund-Raising and Development 647,952 - - 647,952
Miscellaneous Expense 181,104 - - 181,104
Investment Fees 175,979 - - 175,979
Total Expenses 29,156,600 - - 29,156,600
Net Income for the Retirement Plan (74,486) - - (74,486)
Change in Net Assets 5,964,434 89,858 49,646 6,103,938
Net Assets, Beginning of Year 81,758,780 2,201,438 2,716,301 86,676,519
Net Assets Reclassification, Adoption of Accounting Principle - 780,101 (780,101) -
Net Assets, End of Year $87,723,214 $3,071,397 $1,985,846 $92,780,457

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