|
|
Financial Statements for the Association of the Bar of the City of New
York
|
| Statement
of Financial Position |
As of April 30, 2009
|
| Assets |
| Cash
and cash equivalents |
$  2,450,227 |
| Accounts
receivable, net |
864,854
|
| Prepaid
expenses |
354,127
|
| Investments |
7,494,962
|
| Land,
property and equipment, net |
13,725,672
 |
Total assets
|
$ 24,889,842
|
| Liabilities
and Net Assets |
| Liabilities: |
| Accounts
payable and accrued expenses |
$ 1,453,140 |
| Dues
received in advance |
1,234,930
|
| Accrued
pension cost |
1,470,642
|
Total liabilities
|
4,158,712
|
| Unrestricted
net assets: |
| Operating
funds |
239,558
|
| Invested
in land, property and library |
9,913,962
|
| Executive
Committee Designated Funds: |
| Long-term
investment |
5,181,880
|
| Capital
improvements |
153,681
|
| Endowments |
1,140,863
|
| Cumulative
gains on permanently restricted endowments |
754,014
|
Total unrestricted
net assets
|
17,383,958
|
| Temporarily
restricted net assets: |
| Spendable
restricted funds |
466,169
|
| Funds
functioning as endowments |
1,188,791
|
| Cumulative
gains on permanently restricted endowments |
900,995
|
Total temporarily
restricted net assets
|
2,555,955
|
| Permanently
restricted net assets |
791,217
|
Total net
assets
|
20,731,130
|
Total
Liabilities and Net Assets
|
$ 24,889,842
|
|
| Statement
of Activities |
Year
Ended April 30, 2009
|
| Operating
revenues: |
| Dues
and admission fees |
$ 7,018,787 |
| Investment
earnings appropriated for current operations |
698,509
|
| Continuing
legal education |
3,208,530
|
| Legal
referral service |
1,590,576
|
| Catering
services |
1,253,628
|
| Library
services |
75,582
|
| Committee
and legislative programs |
145,225
|
| Royalty
income |
249,793
|
| Membership program income |
81,035
|
| Other
income |
270,998
|
Revenues
before net assets released from restrictions
|
14,592,663
|
| Net
assets released from restrictions |
99,920
|
Total operating
revenues
|
14,692,583
|
| Operating
expenses: |
| Program
activities |
11,524,634
|
| General
and administrative |
3,155,296
|
Total operating
expenses
|
14,679,930
|
Operating
Surplus
|
12,653
|
Nonoperating
activities:
|
Net
investment losses in excess of amounts designated
for current
operations |
(3,070,492)
|
| Other income |
237,470
|
| Depreciation |
(562,844)
|
| Loss in actuarial valuation of pension cost |
(368,251)
|
Change in unrestricted net assets
|
(3,751,464)
|
| Change
in temporarily restricted net assets: |
| Net
investment losses |
(773,128)
|
| Other
income |
26,312
|
| Net
assets released from restrictions for current operations |
(99,920)
|
Change in temporarily restricted net assets
|
(846,736)
|
| Change
in net assets |
(4,598,200)
|
| Net
assets – beginning of year |
25,329,330
|
| |
| Net
assets – end of year |
$ 20,731,130
|
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