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EXHIBIT B Statement of Activities of the National Academy of Sciences Year Ended June 30, 1996 (With Summarized Information for 1995) ($ in thousands) 1996 Temporarily Unrestricted Restricted Permanently 1995 Restricted Totals Totals REVENUES, GAINS, AND OTHER SUPPORT: Government contracts and grants$153,243$ $ $153,243$171,051 Private contracts and grants 4316,120 6,551 910 Other contributions 8,6351222769,033 11,505 Fees and publications 13,388 13,388 12,047 Income on long-term investments 10,0407,090317,133 9,399 Other 2,433 2,433 2,211 Net assets released from restrictions 11,740(11,740) Total revenues, gains, and other support $199,910$ 1,592$ 279$201,781 $207,123 EXPENSES Programs (note 9) $175,520 $ $ $175,520 $187,872 Management and general 16,782 16,782 16,041 Fund-raising 869 869 496 Total expenses $193,171 $ $ $193,171 $204,409 Change in net assets before cumulative effect of change in 6,739 1,592 accounting principle 279 8,610 Cumulative effect of change in accounting principle (note 2) 1,390 7,439 115 8,944 2,714 Change in net assess$ 8,129$ 9,031$ 394 $ 17,554 $ 2,714 Net assets at beginning of the year (note 2)71,82524,44469,766 166,035 163,321 Net assets at end of the year$ 79,954$ 33,475$ 70,160 $183,589 $166,035 See accompanying explanatory notes to the financial statements. .., 34