Transforming Our DNA - 2016 Annual Report

Current Year Operating Revenue and Expense

Balance Sheet

2016

2015

2016

2015

Revenue

Assets Cash and short term receivables

Science News magazine

$ 5,648,941

$ 4,897,950

$ 3,016,104

$ 2,822,011

17,762,816

Science education programs

15,970,314

26,543,262

Investments

24,785,480

1,181,930

770,732

In-kind and other revenue

78,442,518

Grants receivable

45,532,129

24,593,687

Total operating revenue

21,638,996

286,247

Property and equipment

249,053

108,288,131

Total Assets

73,388,673

Expense

$ 22,558,091

Program services

$

20,495,020

Liabilities

1,471,265

General and management

1,419,375

515,015

Accounts payable

673,828

814,721

645,108

Fundraising

2,594,490

Awards payable

2,221,864

24,844,077

Total operating expense

22,559,503

3,267,555

Deferred subscription revenue

3,880,613

1,789,000

Post retirement benefit liability

1,608,000

8,166,060

Total Liabilities

8,384,305

Non Operating Activities and Pledges

Net Assets

$100,122,071

$ 65,004,368

2016

2015

Non Operating Activity Investment income

FY 2016 Operating Revenue

FY 2016 Operating Expense

1,627,399

(216,677)

5%

6%

(104,149)

Change in post retirement benefit liability

386,000

3%

23%

Pledges and Contributions Designated for Future Years Pledges and contributions received in 2016

52,742,378

12,954,080

(18,923,015)

Prior years’ pledges used in current year

(15,964,261)

25,480

(9,167)

Change in permanently restricted net assets

72%

91%

35,368,093

Non Operating Activity

(2,850,025)

Change in Net Assets

35,117,703

(3,770,532)

Science News magazine Science education programs In-kind and other revenue

Program services General and management Fundraising

65,004,368

Net assets at the beginning of the year

68,774,900

$ 100,122,071

Net assets at the end of the year

$ 65,004,368

2016 ANNUAL REPORT | SOCIETY FOR SCIENCE & THE PUBLIC | 49