Military Officer - October 2006 - (Page 61) FICERS ASSOCIATION OF AMERICA SUMMARY OF FINANCIAL OPERATIONS For the Year Ended Dec. 31, 2005 ($000) Beginning Net Assets Revenues Expenses Increases to Restricted Assets Ending Net Assets 20,414 20,943 $110,999 Changes in Unrestricted Net Assets (529) 3,933 $114,403 REVENUES Membership Dues Royalties and Other Income Investment Income Advertising Income Total Revenues ($000) $7,293 5,443 4,800 2,878 36% 27% 23% 14% STATEMENT OF FINANCIAL POSITION As of Dec. 31, 2005 ($000) $20,414 100% ASSETS Cash Receivables Prepaid Loans to Students Investments Property and Equipment Total Assets $592 3,104 730 23,634 145,077 3,424 $176,561 LIABILITIES AND NET ASSETS Accounts Payable Deferred Dues Income Widows’ Trust Liability Accrued Pension Liability Net Assets Total Liabilities and Net Assets $2,021 44,324 14,326 1,487 114,403 $176,561 EXPENSES Magazines and Web Site Member Services and Programs Legislative Affairs Chapter Affairs The Officer Placement Service Educational Assistance Total Expenses ($000) $8,018 5,567 2,501 1,696 1,603 1,558 38% 27% 12% 8% 8% 7% $20,943 100% OCTOBER 2006 MILITARY OFFICER 61
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