Annual Financial Report Following is not-for-profit ALOA SPAI’s Statement of Financial Position (similar to a balance sheet) and Statements of Activities (similar to an income statement/profit-and-loss), as audited by the accounting firm of Sutton Frost Carry LLP. Statement of Financial Position ASSETS Current Assets: Cash Accounts receivable Inventory Due from affiliate Prepaid expenses Total current assets Property and equipment: Land Building and improvements Furniture and equipment Less accumulated depreciation Property and equipment, net Total Assets LIABILITIES AND NET ASSETS Current liabilities: Accounts payable Accrued expenses Deferred dues Deferred exhibit fees Total liabilities Net assets: Without donor restrictions: Undesignated Board designated for support of the legislative fund Total net assets Total liabilities and net assets WWW.ALOA.ORG $ 1,243,978 174,133 58,695 25,482 142,154 1,644,442 97,500 894,160 262,445 1,254,105 (621,265) 632,840 $ 2,277,282 Statements of Activities REVENUES Membership dues and services Convention Educational programs Legislative income Advertising Promotional programs Interest Miscellaneous Total revenues EXPENSES Program services Supporting services Total expenses Excess revenues over expenses Gain on involuntary conversion Change in net assets $ 62,458 78,985 702,537 270,050 1,114,030 1,142,599 20,653 1,163,252 $ 2,277,282 JULY/AUGUST 2020 KEYNOTES 33 Net assets at beginning of year Net assets at end of year $ 1,280,182 990,326 168,343 3,500 245,452 59,028 50 4,030 2,750,911 $ 2,273,774 422,055 2,695,829 55,082 57,792 112,874 1,050,378 $ 1,163,252
