AOCS Annual Report 2009 : Page 8
8 AOCS 2009 ANNUAL REPORT Financial AOCS and AOCS Foundation Combined Statement of Financial Position For the year ending December 31, 2009 Assets Current Assets Property and Equipment Other Assets Total Assets Liabilities and Net Assets Current Liabilities Long-Term Liabilities Total Liabilities Net Assets $3,632,732 1,681,848 520,269 5,834,849 1,377,656 693,118 2,070,774 3,764,075 Total Liabilities and Net Assets 5,834,849 AOCS and AOCS Foundation Combined Statement of Activities For the year ending December 31, 2009 Support and Revenue Publications Education & Meetings Technical Services $980,412 1,142,475 1,238,825 Membership 1,214,664 Investment Income 186,252 Fundraising 91,260 Other 10,597 Total Support and Revenue 4,864,485 Expenses Publications 644,297 Education & Meetings Technical Services 1,520,941 1,187,721 Membership 1,086,223 Supporting Services 396,335 Fundraising 6,136 Total Expenses Increase in Net Assets 4,841,653 22,832 The fi rm of Martin, Hood, Friese & Associates, LLC, Independent Public Accountants, audited the fi nancial statements of AOCS for the fi scal year ending December 31, 2009. It reported that the combined fi nancial statements present fairly, in all material respects, the fi nancial position of the American Oil Chemists’Society and Foundation as of December 31, 2009 and the changes in our net assets and cash fl owfor the year ended in conformity with accounting principles generally accepted in the United States of America.
Financial
<b>AOCS and AOCS Foundation Combined Statement of Financial Position</b><br /> <br /> For the year ending December 31, 2009<br /> <br /> <b>Assets</b><br /> <br /> <br /> Current Assets $3,632,732<br /> Property and Equipment 1,681,848<br /> Other Assets 520,269<br /> Total Assets <b> 5,834,849</b><br /> <br /> <br /> <b>Liabilities and Net Assets</b><br /> <br /> <br /> Current Liabilities 1,377,656<br /> Long-Term Liabilities 693,118<br /> Total Liabilities 2,070,774<br /> Net Assets 3,764,075<br /> Total Liabilities and Net Assets 5,834,849<br /> <br /> <b>AOCS and AOCS Foundation<br /> Combined Statement of Activities</b><br /> <br /> For the year ending December 31, 2009<br /> <br /> <b>Support and Revenue</b><br /> <br /> Publications $980,412<br /> Education & Meetings 1,142,475<br /> Technical Services 1,238,825<br /> Membership 1,214,664<br /> Investment Income 186,252<br /> Fundraising 91,260<br /> Other 10,597<br /> Total Support and Revenue 4,864,485<br /> <br /> <b>Expenses</b><br /> <br /> Publications 644,297<br /> Education & Meetings 1,520,941<br /> Technical Services 1,187,721<br /> Membership 1,086,223<br /> Supporting Services 396,335<br /> Fundraising 6,136<br /> Total Expenses 4,841,653<br /> <br /> <b>Increase in Net Assets 22,832 </b><br /> <br /> The firm of Martin, Hood, Friese & Associates, LLC, Independent Public Accountants, audited the financial statements of AOCS for the fiscal year ending December 31, 2009. It reported that the combined financial statements present fairly, in all material respects, the financial position of the American Oil Chemists’ Society and Foundation as of December 31, 2009 and the changes in our net assets and cash fl ow for the year ended in conformity with accounting principles generally accepted in the United States of America.
Publication List
Using a screen reader? Click Here