NATIONAL ACADEMY OF SCIENCES

Statements of Activities Years ended December 31, 2003 and 2002 ($ in thousands)

 

2003

2002

 

Unrestricted

Temporarily Restricted

Permanently Restricted

Totals

Temporarily Unrestricted

Permanently Restricted

Restricted

Totals

Revenues, gains, and other support:

 

Government contracts and grants (note 11)

$184,503

184,503

$187,315

187,315

Private contracts and grants

19,959

48,140

68,099

25,677

15,059

40,736

Other contributions

2,951

257

2,893

6,101

3,236

268

10,322

13,826

Fees and publications

18,192

18,192

16,384

16,384

Investment income (loss) (note 3)

30,833

25,287

56,120

(11,405)

(10,045)

(21,450)

Other income (note 12)

5,996

5,996

9,355

9,355

Net assets released from restriction (note 8)

26,351

(26,351)

19,380

(19,380)

Total revenues, gains, and other support

288,785

47,333

2,893

339,011

249,942

(14,098)

10,322

246,166

Expenses:

 

Programs (note 10)

216,094

216,094

232,071

232,071

Management and general

43,023

43,023

39,703

39,703

Fundraising

3,074

3,074

3,138

3,138

Total expenses

262,191

262,191

274,912

274,912

Change in net assets

26,594

47,333

2,893

76,820

(24,970)

(14,098)

10,322

(28,746)

Net assets at beginning of the year

74,536

113,420

93,200

281,156

99,506

127,518

82,878

309,902

Net assets at end of the year

$101,130

160,753

96,093

357,976

$74,536

113,420

93,200

281,156

See accompanying notes to the financial statements.



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Report of the Treasurer to the Council of the National Academy of Sciences NATIONAL ACADEMY OF SCIENCES Statements of Activities Years ended December 31, 2003 and 2002 ($ in thousands)   2003 2002   Unrestricted Temporarily Restricted Permanently Restricted Totals Temporarily Unrestricted Permanently Restricted Restricted Totals Revenues, gains, and other support:   Government contracts and grants (note 11) $184,503 — — 184,503 $187,315 — — 187,315 Private contracts and grants 19,959 48,140 — 68,099 25,677 15,059 — 40,736 Other contributions 2,951 257 2,893 6,101 3,236 268 10,322 13,826 Fees and publications 18,192 — — 18,192 16,384 — — 16,384 Investment income (loss) (note 3) 30,833 25,287 — 56,120 (11,405) (10,045) — (21,450) Other income (note 12) 5,996 — — 5,996 9,355 — — 9,355 Net assets released from restriction (note 8) 26,351 (26,351) — — 19,380 (19,380) — — Total revenues, gains, and other support 288,785 47,333 2,893 339,011 249,942 (14,098) 10,322 246,166 Expenses:   Programs (note 10) 216,094 — — 216,094 232,071 — — 232,071 Management and general 43,023 — — 43,023 39,703 — — 39,703 Fundraising 3,074 — — 3,074 3,138 — — 3,138 Total expenses 262,191 — — 262,191 274,912 — — 274,912 Change in net assets 26,594 47,333 2,893 76,820 (24,970) (14,098) 10,322 (28,746) Net assets at beginning of the year 74,536 113,420 93,200 281,156 99,506 127,518 82,878 309,902 Net assets at end of the year $101,130 160,753 96,093 357,976 $74,536 113,420 93,200 281,156 See accompanying notes to the financial statements.