Autumn leaves

General

Diversity Initiatives

Total 2011

Operating

Investment

Research

2010

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

$

28,209,083 15,367,460 6,523,622 (3,364,654)

$

-

$

-

$

-

$

28,209,083 15,367,460 6,523,622 (3,365,144)

$

31,562,502 18,032,581 5,783,000 (3,578,984)

Admission service fees: CAS

Publications sales

Fee waivers

(490)

Management services

579,399 49,872 126,785

579,399 49,872 128,430

452,400 181,198 170,610

Data service fees

Forum and workshop fees Other operating income Interest and dividend income

1,645

1,084,315

1,084,315 1,993,059 20,158,488 14,309,235

1,213,621 3,173,979 8,342,905 8,683,840 874,207

1,372

1,991,687 20,158,488 14,309,235

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

STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2011 Rental income Gain (loss) on disposal of equipment (37,302) Total unrestricted revenues, gainsand other support 48,539,952 Expenses: Information systems 14,978,602 Testing services 10,176,205 Admission services 6,885,773 Operation and maintenance of the plant 4,519,003 Financial services 4,642,114 Council, events, meetings and forums 4,000,582 Communications and publication services 2,179,076 General and administrative services 2,166,335 Diversity initiatives 1,210,804 Research services 401,091 Legal services 1,575,233 Total expenses 52,734,818 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES (4,194,866) OTHER CHANGES IN NET ASSETS: Board designated appropriations for: Diversity initiatives projects Research projects General operating fund (excess) deficit 4,194,866 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 $ $

917,375

917,375 (37,302)

-

37,376,785

-

85,917,892

74,891,859

1,155

14,978,602 10,176,205 6,885,773 4,927,674 5,169,090 4,043,631 2,195,009 2,166,335 2,539,934 833,865 1,586,043 55,502,161

13,867,704 9,605,458 7,972,223 4,926,558 5,994,742 4,521,331 2,507,548 2,044,777 3,208,166 603,254 2,127,381 57,379,142

408,671 526,976

43,049 15,933

1,329,130

432,774

10,810 946,457

432,774

1,388,112

36,430,328

(432,774)

(1,386,957)

30,415,731

17,512,717

(1,490,036) (1,490,036) (4,194,866)

1,490,036

- - - - -

- - - - -

1,490,036

- -

29,255,390

1,057,262

103,079

30,415,731

17,512,717

147,882,960

5,926,929

1,641,947

157,066,716

139,553,999

$

187,482,447

$

157,066,716

177,138,350

$

6,984,191

$

1,745,026

BIENNIAL REPORT 2009–2011