SAE Annual Report 2012 - 57

SAE INTERNATIONAL AND SUBSIDIARIES
Notes to the Consolidated Financial Statements (Continued)
Note 11 - Operating Leases
The Organization leases off-site office space through noncancelable operating leases that
expire at various dates through September 2022. Rental expenses aggregated approximately
$760,000 for 2012 and $436,000 for 2011.
Future minimum lease payments as of December 31, 2012 are approximately:
Year Ending
December 31
2013
2014
2015
2016
2017
Thereafter
$
Amount
801,000
658,000
649,000
662,000
558,000
1,373,000
$4,701,000
SAE also leases office space to tenants in its Thornhill Road properties.
Rental income is
included in other products and services on the statements of activities. Future minimum lease
payments to be received under noncancelable operating leases as of December 31, 2012 are
approximately:
Year Ending
December 31
2013
2014
2015
2016
2017
Thereafter
$
Amount
931,000
935,000
935,000
433,000
304,000
1,521,000
$5,059,000
Note 12 - Contributed Services
Contributed services consist of donated services and expertise related to developing,
reviewing, revising, and updating technical standards for the ground vehicle and aerospace
industries. The value of these services was approximately $4,178,000 at December 31, 2012
and $5,133,000 at December 31, 2011.
Page 31
57

SAE Annual Report 2012

Table of Contents for the Digital Edition of SAE Annual Report 2012

SAE Annual Report 2012
Contents
Executive Message
Aerospace Sector
Automotive Sector
Commercial Vehicle Sector
Membership
Publishing
Aerospace Standards
Ground Vehicle Standards
Magazines and Books
Engineering Events and Meetings
Professional Development
Pre-professional Education
SAE Foundation
Performance Review Institute
Financial
Information
The Financial Message
Supplementary Information
2013 SAE International Board of Directors
Board of Directors
Executive Management Council
Affiliates and Sections
SAE International Business Partners
SAE Annual Report 2012 - SAE Annual Report 2012
SAE Annual Report 2012 - Cover2
SAE Annual Report 2012 - Contents
SAE Annual Report 2012 - 2
SAE Annual Report 2012 - Executive Message
SAE Annual Report 2012 - Aerospace Sector
SAE Annual Report 2012 - Automotive Sector
SAE Annual Report 2012 - Commercial Vehicle Sector
SAE Annual Report 2012 - Membership
SAE Annual Report 2012 - Publishing
SAE Annual Report 2012 - Aerospace Standards
SAE Annual Report 2012 - 10
SAE Annual Report 2012 - Ground Vehicle Standards
SAE Annual Report 2012 - Magazines and Books
SAE Annual Report 2012 - 13
SAE Annual Report 2012 - Engineering Events and Meetings
SAE Annual Report 2012 - Professional Development
SAE Annual Report 2012 - Pre-professional Education
SAE Annual Report 2012 - SAE Foundation
SAE Annual Report 2012 - Performance Review Institute
SAE Annual Report 2012 - Information
SAE Annual Report 2012 - The Financial Message
SAE Annual Report 2012 - 21
SAE Annual Report 2012 - 22
SAE Annual Report 2012 - 23
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SAE Annual Report 2012 - 60
SAE Annual Report 2012 - 61
SAE Annual Report 2012 - 62
SAE Annual Report 2012 - Supplementary Information
SAE Annual Report 2012 - 64
SAE Annual Report 2012 - 2013 SAE International Board of Directors
SAE Annual Report 2012 - Executive Management Council
SAE Annual Report 2012 - Affiliates and Sections
SAE Annual Report 2012 - SAE International Business Partners
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