SAE Annual Report 2009 - 31

SAE International
SAE INTERNATIONAL
Statement of Activities and Changes in Net Assets

Statement of Activities and Changes in Net Assets
Temporarily Restricted Permanently Restricted 2008 Total

For the Year Ended December 31, 2008

Unrestricted OPERATING ACTIVITIES Revenues and Public Support Meetings and conferences Magazines and publications Membership and Sections Technical standards Other products and services Contributions Pledges Contributed services Net assets released from restrictions Total Revenues and Public Support

$ 16,081,700 27,937,434 4,061,275 4,645,895 2,581,730 414,690 4,287,315 2,742,071 62,752,110

$

36,283 397,233 404,337 (2,742,071) (1,904,218)

$

-

$ 16,081,700 27,937,434 4,061,275 4,645,895 2,618,013 811,923 404,337 4,287,315 60,847,892

Expenses - Note 10 Meetings and conferences 17,496,058 Magazines and publications 9,991,990 Membership and Sections 2,375,559 SAE INTERNATIONAL Technical standards 6,410,701 Other products and services 7,187,917 Statement of Activities and Changes in Net Assets (Continued) Administrative services 10,920,571 SAE Foundation Contributed services Total Expenses 3,838,641 4,287,315 For the Year Ended December 31, 2008 62,508,752 243,358 Unrestricted NONOPERATING ACTIVITIES New business development activities Investment activities - Note 3 Pension adjustment - Note 7 Workforce reductions Transfer to Foundation (2,823,405) (15,003,065) (15,285,618) (1,249,837) (61,293)

(1,904,218) Temporarily Restricted (850,415) 61,293

Permanently Restricted -

17,496,058 9,991,990 2,375,559 6,410,701 7,187,917 10,920,571 3,838,641 4,287,315 62,508,752 (1,660,860) 2008 Total (2,823,405) (15,853,480) (15,285,618) (1,249,837) (35,212,340) (Continued) Page 6

Increase (Decrease) in Net Assets From Operations

The accompanying notes are an integral part of these financial statements. Total Nonoperating Activities (34,423,218) (789,122) Decrease in Net Assets From Continuing Operations Loss From Discontinued Operations - Note 9 Decrease in Net Assets Net Assets - Beginning of year Net Assets - End of of year

(34,179,860) (247,486) (34,427,346) 46,972,019 $ 12,544,673

(2,693,340) (2,693,340) 13,722,072 $ 11,028,732 $

1,508,754 1,508,754

(36,873,200) (247,486) (37,120,686) 62,202,845 $ 25,082,159

The accompanying notes are an integral part of these financial statements.

2009 Annual Report

31
SAE Annual Report 2009

Table of Contents for the Digital Edition of SAE Annual Report 2009
