Autumn leaves

General

Diversity Initiatives

Total 2010

Operating

Investment

Research

2009

Changes in unrestricted net assets: Revenuesand gains: Admission service fees: LSAT

$

31,562,502 18,032,581 5,783,000 (4,473,174)

$

-

$

-

$

-

$

31,562,502 18,032,581 5,783,000 (4,478,109)

$

27,280,506 16,307,301 7,181,326 (2,714,078)

Admission service fees: CAS

Publications sales

Fee waivers

(4,935)

Management services

452,400 181,198

452,400 181,198

406,595 153,944 993,545

Data service fees

19,360

1,069,735 1,213,621 3,173,979 8,342,905 8,683,840

Forum and workshop fees Other operating income Interest and dividend income

1,050,375 1,213,621

1,242,157 3,132,542

851

3,173,128 8,342,905 8,683,840

Net realized investment gains (losses) Net unrealized investment gains (losses)

(19,584,915) (23,987,661)

STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2010 Rental income Gain (loss) on disposal of equipment Total unrestricted revenues, gainsand other support 53,803,354 Expenses: Information systems 13,867,704 Testing services 9,605,458 Admission services 7,972,223 Operation and maintenance of the plant 4,565,680 Financial services 5,470,859 Council, events, meetings and forums 4,437,551 Communications and publication services 2,504,445 General and administrative services 2,044,777 Diversity initiatives 1,774,572 Research services 327,558 Legal services 2,116,713 Total expenses 54,687,540 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES (884,186) OTHER CHANGES IN NET ASSETS: Board designated appropriations for: Diversity initiatives projects Research projects General operating fund (excess) deficit 884,186 Purchase of property and equipment - Depreciation - INCREASE (DECREASE) IN UNRESTRICTED NET ASSETS - UNRESTRICTED NET ASSETS, BEGINNING OF YEAR 1,614,880 UNRESTRICTED NET ASSETS, END OF YEAR 1,614,880 $ $

874,207

874,207

656,517 (220,571)

-

21,074,080

-

14,425

74,891,859

10,847,208

13,867,704 9,605,458 7,972,223 4,926,558 5,994,742 4,521,331 2,507,548 2,044,777 3,208,166

12,395,059 8,894,247 8,248,054 5,832,142 4,680,030 3,349,411 2,263,140 2,396,541 2,525,223

360,878 523,883

83,780

3,103

1,433,594

275,696

603,254

493,098

10,668 895,429

2,127,381 57,379,142

1,544,729 52,621,674

275,696

1,520,477

20,178,651

(275,696)

(1,506,052)

17,512,717

(41,774,466)

(1,243,615) (1,243,615)

1,243,615

- - - - -

- - - - -

1,243,615

(884,186)

- -

(262,437)

17,512,717

(41,774,466)

16,807,235

967,919

131,075,725

4,959,010

1,904,384

139,553,999

181,328,465

147,882,960

$

5,926,929

$

1,641,947

$

157,066,716

$

139,553,999

BIENNIAL REPORT 2009–2011