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2016 ANNUAL REPORT
| SOCIETY FOR SCIENCE & THE PUBLIC
| 49
Balance Sheet
2016
2015
Assets
Cash and short term receivables
$ 3,016,104
$
2,822,011
Investments
26,543,262
24,785,480
Grants receivable
78,442,518
45,532,129
Property and equipment
286,247
249,053
Total Assets
108,288,131
73,388,673
Liabilities
Accounts payable
515,015
673,828
Awards payable
2,594,490
2,221,864
Deferred subscription revenue
3,267,555
3,880,613
Post retirement benefit liability
1,789,000
1,608,000
Total Liabilities
8,166,060
8,384,305
Net Assets
$100,122,071
$
65,004,368
Non Operating Activities and Pledges
2016
2015
Non Operating Activity
Investment income
1,627,399
(216,677)
Change in post retirement benefit liability
(104,149)
386,000
Pledges and Contributions Designated for Future Years
Pledges and contributions received in 2016
52,742,378
12,954,080
Prior years’ pledges used in current year
(18,923,015)
(15,964,261)
Change in permanently restricted net assets
25,480
(9,167)
Non Operating Activity
35,368,093
(2,850,025)
Change in Net Assets
35,117,703
(3,770,532)
Net assets at the beginning of the year
65,004,368
68,774,900
Net assets at the end of the year
$ 100,122,071
$ 65,004,368
Current Year Operating Revenue and Expense
2016
2015
Revenue
Science News
magazine
$ 5,648,941
$ 4,897,950
Science education programs
17,762,816
15,970,314
In-kind and other revenue
1,181,930
770,732
Total operating revenue
24,593,687
21,638,996
Expense
Program services
$
22,558,091
$
20,495,020
General and management
1,471,265
1,419,375
Fundraising
814,721
645,108
Total operating expense
24,844,077
22,559,503
23%
5%
72%
Science News
magazine
Science education programs
In-kind and other revenue
FY 2016 Operating Revenue
Program services
General and management
Fundraising
3%
6%
91%
FY 2016 Operating Expense