National Academies Press: OpenBook

Report of the Treasurer for the Year Ended December 31, 2010 (2011)

Chapter: Statements of Activities

« Previous: Statements of Financial Position
Suggested Citation:"Statements of Activities." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×

Statements of Activities Years ended December 31, 2010 and 2009 (Dollars in thousands)

 

2010

2009

 

Unrestricted

Temporarily restricted

Permanently restricted

Totals

Unrestricted

Temporarily restricted

Permanently restricted

Totals

Revenues, gains, and other support:

 

 

 

 

 

 

 

 

Government contracts and grants (note 12)

$ 242,748

-

-

242,748

$ 214,957

-

-

214,957

Private contracts and grants

18,869

16,650

-

35,519

21,596

17,441

-

39,037

Other contributions

5,022

596

3,007

8,625

4,201

851

612

5,664

Fees and publications

19,744

-

-

19,744

18,828

-

-

18,828

Investment income (note 3)

13,981

44,860

-

58,841

19,088

60,289

-

79,377

Other income (note 13)

10,157

-

-

10,157

12,225

-

-

12,225

Net assets released from restriction (note 9)

38,138

(38,138)

-

-

37,638

(37,638)

-

-

Total revenues, gains, and other support

348,659

23,968

3,007

375,634

328,533

40,943

612

370,088

Expenses (notes 13, 15, and 16):

 

 

 

 

 

 

 

 

Programs (note 11)

280,357

-

-

280,357

260,709

-

-

260,709

Management and general

48,566

-

-

48,566

45,843

-

-

45,843

Fundraising

2,938

-

-

2,938

3,010

-

-

3,010

Total expenses

331,861

-

-

331,861

309,562

-

-

309,562

Post retirement changes other than net periodic benefit cost (note 15)

615

-

-

615

(2,169)

-

-

(2,169)

Change in net assets

16,183

23,968

3,007

43,158

21,140

40,943

612

62,695

Net assets at beginning of year

72,871

241,734

115,362

429,967

51,731

200,791

114,750

367,272

Net assets at end of year

$ 89,054

265,702

118,369

473,125

$ 72,871

241,734

115,362

429,967

See accompanying notes to financial statements.

Suggested Citation:"Statements of Activities." National Academy of Sciences. 2011. Report of the Treasurer for the Year Ended December 31, 2010. Washington, DC: The National Academies Press. doi: 10.17226/13190.
×
Page 43
Next: Statements of Cash Flows »
Report of the Treasurer for the Year Ended December 31, 2010 Get This Book
×
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF

The income that supports the activities of the National Academy of Sciences (NAS) comes from two major sources: program revenue received from sponsors to pay for the myriad studies and other activities undertaken each year by the National Research Council (NRC), and a much smaller sum that is obtained from our endowment under the endowment spending policies adopted by the Council. The goal of the endowment is to provide stable support for the Academy's programs and activities. To achieve this goal, the Council, acting on the recommendations of the Finance Committee, has historically authorized spending from the portfolio at a rate designed to maintain the purchasing power of the endowment over time.

This Report of the Treasure of the National Academy of Sciences presents the financial position and results of operations as well as a review of the endowment, trust, and other long-term investments portfolio activities of our Academy for the year ended December 31, 2010. While this book provides essential financial summary to key personnel, it also serves as a vital informative resource for various members of the public, private, and governmental sectors.

  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    Switch between the Original Pages, where you can read the report as it appeared in print, and Text Pages for the web version, where you can highlight and search the text.

    « Back Next »
  6. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  7. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  8. ×

    View our suggested citation for this chapter.

    « Back Next »
  9. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!