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Suggested Citation:"Statements of Activities." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
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NATIONAL ACADEMY OF SCIENCES
Statements of Activities
Years ended December 31, 2011 and 2010
(In thousands)

2011 2010
Unrestricted Temporarily restricted Permanently restricted Totals   Unrestricted Temporarily restricted Permanently restricted Totals
Revenues, gains, and other support:

Government contracts and grants (note 12)

$ 277,117 - - 277,117   $ 242,748 - - 242,748

Private contracts and grants

  18,505 21,959 - 40,464     18,869 16,650 - 35,519

Other contributions

  4,368 240 3,632 8,240     5,022 596 3,007 8,625

Fees and publications

  19,204 - - 19,204     19,744 - - 19,744

Investment (loss) income (note 3)

  (1,779) (18,949) - (20,728)     13,981 44,860 - 58,841

Other income (note 13)

  6,200 - - 6,200     10,157 - - 10,157

Net assets released from restriction (note 9)

  33,948 (33,948) - -     38,138 (38,138) - -

Total revenues, gains, and other support

  357,563 (30,698) 3,632 330,497     348,659 23,968 3,007 375,634
Expenses (notes 13, 15, and 16):

Programs (note 11)

  309,305 - - 309,305     280,357 - - 280,357

Management and general

  48,165 - - 48,165     49,183 - - 49,183

Fundraising

  2,430 - - 2,430     2,938 - - 2,938

Total expenses

  359,900 - - 359,900     332,478 - - 332,478
Postretirement changes other than net periodic benefit cost (note 15)   3,458 - - 3,458     (2) - - (2)

Change in net assets

  (5,795) (30,698) 3,632 (32,861)     16,183 23,968 3,007 43,158
Net assets at beginning of year   89,054 265,702 118,369 473,125     72,871 241,734 115,362 429,967
Net assets at end of year $ 83,259 235,004 122,001 440,264   $ 89,054 265,702 118,369 473,125
Suggested Citation:"Statements of Activities." National Academy of Sciences. 2012. Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011. Washington, DC: The National Academies Press. doi: 10.17226/13445.
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Report of the Treasurer of the National Academy of Sciences for the Year Ended December 31, 2011 Get This Book
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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, 2011. 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.

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