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SAE INTERNATIONAL
Notes to the Financial Statements (Continued) Note 14 - Related Party Transactions (Continued) PRI (Continued) SAE also maintains a contracted services agreement with PRI whereby SAE provides PRI with basic administrative services such as information technology and financial services for a set fee. Annual revenue recognized by SAE related to this contract approximated $148,000 for the years ended December 31, 2010 and 2009. SAE Industries Technology Consortia (formerly SAE Institute) SAE had receivables due from SAE Industries Technology Consortia (SAE ITC) of approximately $238,650 at December 31, 2010 and $476,205 at December 31, 2009. On December 20, 2007, SAE entered into a five-year line-of-credit agreement with SAE ITC, whereby SAE ITC may borrow a principal amount not to exceed $1,000,000. In 2009, SAE forgave the outstanding principal and accrued interest of approximately $967,000. SAE Sections A portion of the dues paid by SAE members is accrued by SAE for reimbursement to the SAE Sections subject to each section’s submission of its required documentation. In 2009, management reviewed the liability reflected on SAE’s balance sheet for amounts accrued for reimbursement to SAE Sections. Through its review, management determined that certain sections had not submitted the required documentation and, as such, were not eligible to receive the designated dues. Therefore, the dues are considered forfeited and SAE adjusted the related liability to reflect the actual amount that may be paid to SAE Sections. This adjustment resulted in a gain of approximately $464,000, which is reflected in nonoperating activities on the statement of activities at December 31, 2009.

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SAE Annual Report 2010

Table of Contents for the Digital Edition of SAE Annual Report 2010

SAE Annual Report 2010
Contents
Executive Message
Sectors – Aerospace, Automotive and Commercial Vehicle
Membership
Aerospace Standards
Ground Vehicle Standards
Engineering Events and Meetings
Electronic Publishing
Magazines and Books
Professional Development
Collegiate Design Series
SAE Foundation
Performance Review Institute (PRI)
Globally Relevant
SAE International Financials
Supplemental Information
SAE Annual Report 2010 - Intro1
SAE Annual Report 2010 - Intro2
SAE Annual Report 2010 - SAE Annual Report 2010
SAE Annual Report 2010 - Contents
SAE Annual Report 2010 - Executive Message
SAE Annual Report 2010 - 3
SAE Annual Report 2010 - Sectors – Aerospace, Automotive and Commercial Vehicle
SAE Annual Report 2010 - 5
SAE Annual Report 2010 - 6
SAE Annual Report 2010 - 7
SAE Annual Report 2010 - 8
SAE Annual Report 2010 - 9
SAE Annual Report 2010 - Membership
SAE Annual Report 2010 - 11
SAE Annual Report 2010 - Aerospace Standards
SAE Annual Report 2010 - 13
SAE Annual Report 2010 - Ground Vehicle Standards
SAE Annual Report 2010 - 15
SAE Annual Report 2010 - Engineering Events and Meetings
SAE Annual Report 2010 - Electronic Publishing
SAE Annual Report 2010 - Magazines and Books
SAE Annual Report 2010 - 19
SAE Annual Report 2010 - Professional Development
SAE Annual Report 2010 - Collegiate Design Series
SAE Annual Report 2010 - SAE Foundation
SAE Annual Report 2010 - 23
SAE Annual Report 2010 - Performance Review Institute (PRI)
SAE Annual Report 2010 - Globally Relevant
SAE Annual Report 2010 - SAE International Financials
SAE Annual Report 2010 - 27
SAE Annual Report 2010 - 28
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SAE Annual Report 2010 - Supplemental Information
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