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 $ 1,284,346 9,591 48,898 26,502 90,941 1,460,278 97,500 885,955 240,622 1,224,077 (636,198) 587,879 $ 2,048,157 Statements of Activities REVENUES Membership dues and services Convention Educational programs Advertising Promotional programs Miscellaneous Total revenues EXPENSES Program services Supporting services Total expenses Change in net assets Net assets at beginning of year Net assets at end of year $ 1,211,697 2,145 133,235 196,443 20,584 5,048 1,569,152 $ 1,476,065 345,117 1,821,182 (252,030) 1,163,252 $ 911,222 $ 16,878 19,566 708,167 229,824 1,136,935 890,569 20,653 911,222 $ 2,048,157 JULY/AUGUST 2021 KEYNOTES 39
