Annual Financial Report ALOA SPAI’s balance sheet and profit-and-loss statement, as audited by the accounting firm of Sutton Frost Cary LLP. Statement of Financial Positions (Balance Sheet) ASSETS 2015 Current Assets Cash Accounts receivable Pledge receivable Assets held in custody for others Inventory Prepaid expenses Due from affiliate Total current assets Property and equipment Land Building and improvements Furniture and equipment Less accumulated depreciation Property and equipment, net Other Assets $ 806,945 208,735 11,310 — 56,919 95,359 — 1,179,268 97,500 858,919 259,239 1,215,658 (381,922) 833,736 — $ 2,013,004 LIABILITIES AND NET ASSETS Current liabilities Accounts payable Accrued expenses Deferred dues Deferred exhibit fees Due to affiliate Refundable advance Current portion of long-term debt, due to affiliate Total liabilities Net assets: Unrestricted: Undesignated Board designated for support of the legislative fund Total Unrestricted Temporarily restricted Total net assets 2014 $ 678,371 232,485 25,000 44,000 54,019 77,332 2,824 1,114,031 97,500 798,283 143,964 1,039,747 (349,382) 690,365 3,036 $ 1,807,432 Membership dues and services Convention Educational programs Contributions Legislative income Advertising Promotional programs Interest Miscellaneous Net assets released from restrictions Total revenues EXPENSES Administrative Convention Keynotes magazine Building operations Member services Depreciation $ 61,045 37,652 702,036 406,250 4,387 — 75,000 1,286,370 701,555 20,653 722,208 4,426 726,634 $ 2,013,004 28 KEYNOTES JULY / AUGUST 2016 $ 81,379 34,784 669,823 347,722 — 44,000 100,000 1,277,708 449,452 20,653 470,105 59,619 529,724 $ 1,807,432 WWW.ALOA.ORG Promotional programs Educational programs Legislative expense Committee Scammer Fund expense Total expenses Decrease in net assets Net assets at beginning of year Net assets at end of year Statement of Net Activities (P&L) REVENUES $ 1,172,309 925,104 123,238 155,512 99,630 188,839 28,184 222 11,156 59,619 2,763,813 $ 1,109,034 520,591 526,722 119,751 63,065 32,540 18,865 73,439 42,392 2,061 3,250 2,511,710 252,103 470,105 722,208 Temporarily Unrestricted Restricted Total 4,426 — — 1,172,309 — 925,104 — 123,238 159,938 99,630 — 188,839 28,184 222 — — — (59,619) 11,156 — (55,193) 2,708,620 — 1,109,034 — 520,591 — 526,722 — 119,751 — — — — — — — (55,193) 63,065 32,540 18,865 73,439 42,392 2,061 3,250 — 2,511,710 196,910 59,619 4,426 529,724 726,634
