Jetrader - July/August 2008 - (Page 30)

2007 ISTAT ﬁnancial statements In an effort to keep our members well informed on our financial progress, the ISTAT Board of Directors is pleased to publish a summary of our audited 2007 financials for your review. This report contains copies of our audited balance sheet, income statement and cash flow statement for 2007. Please note that this report contains both ISTAT and the Foundation activity for this period. The audit was conducted by certified public accountants Legacy Professionals, LLP, Chicago, Ill. A complete copy of our 2007 audited financial statement is held on permanent file at ISTAT headquarters and is available upon request for review by active members. Sincerely, Greg May, ISTAT Secretary/Treasurer International Society of Transport Aircraft Trading Combined Statements of Activities Years Ended December 31, 2007 and 2006 2007 PERMANENTLY RESTRICTED — — — — 427,750 — — — — — — 427,750 3,601,237 2,350,994 2006 TOTAL $74,903 140,000 2,620 1,498,303 644,752 353,891 542,371 5,000 94,397 225,000 TOTAL $9,783 160,000 1,750 1,204,896 223,405 210,773 378,938 13,469 75,800 72,000 SUPPORT AND REVENUES UNRESTRICTED Advertising $74,903 Air Show Receptions 140,000 Appraisal Program Exam Fees 2,620 Conferences 1,498,303 Contributions 44,202 Investment Income - net 353,891 Membership Dues 542,371 Other Income 5,000 Special Events 94,397 Roundtable 225,000 Net Assets Released 75,270 From Restrictions Total Support and 3,055,957 Revenues EXPENSES Program Services Air Show Receptions 204,538 Appraisal 51,910 Conferences 871,640 Donation of Aircraft Jetrader Magazine 84,490 Leadership 29,954 Membership Directory 8,720 Roundtable 14,030 Scholarship and Grants 291,597 Special Events 52,518 Management and General 296,234 Total Expenses 1,905,631 CHANGE IN NET ASSETS NET ASSETS Beginning of Year Contribution from Society END OF YEAR 1,150,326 TEMPORARILY RESTRICTED — — — — 192,800 — — — — — (75,270) 117,530 — — — — — — — — — — — — 117,530 — — — — — — — — — — — — 427,750 204,538 51,910 871,640 84,490 29,954 8,720 14,030 291,597 52,518 296,234 1,905,631 1,695,606 135,686 41,507 962,503 4,250,000 34,519 13,199 7,863 34,011 220,285 95,020 383,573 6,178,166 (3,827,172) 2,240,140 (250,000) $3,140,466 515,495 300,000 250,000 3,055,635 — $4,751,241 6,882,807 — $3,055,635 $633,025 $977,750 30 The ofﬁcial publication of the International Society of Transport Aircraft Trading

Table of Contents Feed for the Digital Edition of Jetrader - July/August 2008

Jetrader - July/August 2008 A Message from the President Contents Calendar/News Q&A: Ron K. Anderson Challenges Facing the Very Light Jet An Up Close and Personal Analysis of Indian Aviation Inflation and the Upside Case for Aircraft Investors Aircraft Charts Aircraft Appraisals From the ISTAT Foundation Aviation History

Jetrader - July/August 2008

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