Annual Report 2016: APH Financial Statements, Fiscal Year 2016

October 1, 2015 – September 30, 2016

Statements of Financial Position

Statements of Activities and Changes in Net Assets

Year Ended September 30, 2016

Unrestricted Temporarily Restricted Permanently Restricted Total
Support, Revenues and Gains
Products Distributed and Sold $29,998,695 $29,998,695
Contributions and Bequests 1,674,277 2,024 1,676,301
Interest and Dividends 3,971,559 123,162 24,823 4,119,544
Grants 993,176 993,176
Gain on Investments, net 3,533,870 244,300 3,778,170
Miscellaneous Income 1,332,052 1,332,052
Net Assets Released from Restrictions 200,974 (200,974)
Total Support, Revenues and Gains 41,704,603 168,512 24,823 41,897,938
Expenses
Costs of Products Distributed and Sold 23,660,717 23,660,717
General and Administrative 6,103,602 6,103,602
Program Support 4,705,213 4,705,213
Fund-Raising and Development 712,655 712,655
Miscellaneous Expense 292,817 292,817
Investment Fees 258,178 258,178
Total Expenses 35,733,182 35,733,182
Net gain for the Retirement Plan 423,643 423,643
Change in Net Assets 6,395,064 168,512 24,823 6,588,399
Net Assets, Beginning of Year 112,704,398 3,899,992 2,149,679 118,754,069
Net Assets, End of Year 119,099,462 4,068,504 2,174,502 125,342,468

Year Ended September 30, 2015

Unrestricted Temporarily Restricted Permanently Restricted Total
Support and Revenues
Products Distributed and Sold $28,481,986 $28,481,986
Contributions and Bequests 1,090,462 5,539 1,096,001
Interest and Dividends 2,026,279 50,108 27,306 2,103,693
Grants 438,871 438,871
Miscellaneous Income 1,257,623 1,257,623
Net Assets Released from Restrictions 176,764 (176,764)
Total Support and Revenues 33,471,985 (121,117) 27,306 33,378,174
Expenses and Losses
Costs of Products Distributed and Sold 23,158,853 23,158,853
General and Administrative 5,736,144 5,736,144
Program Support 4,245,802 4,245,802
Fund-Raising and Development 735,044 735,044
Miscellaneous Expense 104,283 104,283
Loss on Investments, Net 4,796,650 93,489 4,890,139
Investment Fees 254,631 254,631
Total Expenses and Losses 39,031,407 93,489 39,124,896
Net Loss for the Retirement Plan (1,976,000) (1,976,000)
Change in Net Assets (7,535,422) (214,606) 27,306 (7,722,722)
Net Assets, Beginning of Year 120,239,820 4,114,598 2,122,373 126,476,791
Net Assets, End of Year 112,704,398 3,899,992 2,149,679 118,754,069

Visit Our House!