Optics & Photonics News - September 2011

Optical Society of America and OSA Foundation
Audited Comparative Consolidating Statements of Activities

Years ended December 31,

OSA

2010

Foundation Eliminations
Total
OSA

2009

Foundation Eliminations

Total

Changes in Unrestricted Net Assets Revenue, Gains, and Other Support

Publishing

Conferences
Member services
Member programs
Building management
Contributions
Business development group
Return on operating, short-term and
long term investments
Net assets released from restrictions:
Satisfaction of program restrictions

18,270,486 - - 18,270,486 17,152,660 - - 17,152,660 9,813,912 - - 9,813,912 9,158,094 - - 9,158,094

1,167,500 - - 1,167,500 1,140,993 - - 1,140,993 614,905 - - 614,905 418,002 - - 418,002 295,690 - - 295,690 395,228 - - 395,228

- 835,545 (783,089) 52,456 - 789,026 (575,595) 213,431

16,485 - - 16,485 169,245 - - 169,245 5,435,872 350,889 - 5,786,761 8,610,415 605,824 - 9,216,239

- 191,024

-

191,024

-

123,780

-

123,780

Total revenue, gains, and other support 35,614,850 1,377,458 (783,089) 36,209,219 37,044,637 1,518,630 (575,595) 37,987,672

Expenses Program services

Publishing Conferences Member programs Executive office program Global development Contributions to OSA Foundation Foundation expenses

11,190,260

10,031,336

3,936,008 422,943 346,734 783,089

-

- - - - - - - - - - - (783,089)

872,511 -

11,190,260

10,031,336

3,936,008 422,943 346,734

- 872,511

10,592,937

9,494,681

3,633,816 432,641

-

575,595 -

- - 10,592,937 - - 9,494,681 - - 3,633,816 - - 432,641 -- - - (575,595) -

788,761 - 788,761

Total program services

26,710,370 872,511 (783,089) 26,799,792 24,729,670 788,761 (575,595) 24,942,836

Supporting services Member services Building management Business development group Investment expenses

1,764,069 297,853 639,635 121,189

-
-
-
-
- 1,764,069

1,826,639 395,228

1,154,472 102,429

-
-
-
-
- 1,826,639

Total supporting services Total expenses Change in unrestricted net assets

2,822,746 - - 2,822,746 3,478,768 - - 3,478,768

29,533,116 872,511 (783,089) 29,622,538 28,208,438 788,761 (575,595) 28,421,604

6,081,734 504,947$ - 6,586,681 8,836,199 729,869$ -$ 9,566,068

Changes in temporarily restricted net assets Contributions - Investment income - Net assets released from restrictions -

98,656 - 98,656 - 143,614 - 143,614 205,960 - 205,960 - 228,924 - 228,924 (191,024) - (191,024) -(123,780) - (123,780)

Change in temporarily restricted net assets - 113,592 - 113,592 - 248,758 - 248,758

Changes in Permanently Restricted Net Assets

Contributions - 85,199 - 85,199

- 86,934 - 86,934

Change in permanently restricted net assets - 85,199 - 85,199 - 86,934 - 86,934

Change in net assets 6,081,734 703,738$ - 6,785,472 8,836,199 1,065,561$ -$ 9,901,760

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.