Optical Society of America and OSA Foundation
Audited Comparative Consolidating Statements of Financial Position
Years ended December 31,
2010
2009
OSA
Foundation Eliminations
Total
OSA Foundation Eliminations
Total
Assets
Current assets
1,707,526
8,819,452
279,828
-
24,775
697,045
115,770
-
-
35,211
58,300
18,645
-
-
-
-
( 35,211)
-
-
-
-
1,707,526 5,693,981
8,819,452 3,436,867
279,828 313,466
58,300 -
43,420 29,521
697,045 543,372
115,770 143,541
-
-
77,855
67,600
59,431
-
-
- 5,693,981
- 3,436,867
(77,855) 313,466
- 67,600
- 88,952
- 543,372
- 143,541
Total current assets
11,644,396 112,156 ( 35,211) 11,721,341 10,160,748 204,886 (77,855) 10,287,779
Noncurrent assets
Investments
Property and equipment, net
Deposits, net of current portion
Investments - deferred compensation plan
44,707,966
13,721,615
112,089
580,232
4,913,665
-
-
-
- 49,621,631
39,432,509
12,585,514
112,089
432,016
4,116,665
-
-
-
- 43,549,174
Total noncurrent assets
59,121,902 4,913,665
- 64,035,567 52,562,128 4,116,665
- 56,678,793
Total assets
70,766,298 5,025,821 ( 35,211) 75,756,908 62,722,876 4,321,551 (77,855) 66,966,572
Liabilities and Net Assets
Current liabilities
Accounts payable
Accrued expenses
Deferred revenue
$1,615,110 - ( 35,211) 1,579,899
1,570,071 2,532 - 1,572,603
12,509,090 - - 12,509,090
1,217,159 - (77,855) 1,139,304
1,277,325 2,000 - 1,279,325
11,386,321 - - 11,386,321
Total current liabilities
15,694,271
2,532 ( 35,211) 15,661,592 13,880,805
2,000 (77,855) 13,804,950
Noncurrent liabilities
Security deposits
Deferred compensation plan liability
15,931
580,232
-
-
-
-
15,931
580,232
15,925
432,016
-
-
-
-
15,925
432,016
Total noncurrent liabilities
596,163
-
-
596,163
447,941
-
-
447,941
Total liabilities
16,290,434
2,532 ( 35,211) 16,257,755 14,328,746
2,000 (77,855) 14,252,891
Commitments and contingencies
Net assets
Unrestricted
Temporarily restricted
Permanently restricted
54,475,864 3,027,417
- 543,217
- 1,452,655
- 57,503,281
- 543,217
- 1,452,655
48,394,130 2,522,470
- 429,625
- 1,367,456
- 50,916,600
- 429,625
- 1,367,456
Total net assets
54,475,864 5,023,289
- 59,499,153 48,394,130 4,319,551
- 52,713,681
Total liabilities and net assets
70,766,298 5,025,821 ( 35,211) 75,756,908 62,722,876 4,321,551 (77,855) 66,966,572
BDO USA, LLP provided the Statement of Financial Position, Statement of Activities and Statement of Changes in Net Assets from OSA’s audited 2010 and 2009 financial
statements. Notes are an integral part of these financial statements. Contact OSA’s Finance Dept. (+ 1.202.416.1475 or + 1.800.766.4672) to request a copy.
