Annual Financial Report ALOA SPAI’s balance sheet and profit-and-loss statement, as audited by the accounting firm of Sutton Frost Cary LLP. Statement of Financial Positions (Balance Sheet) ASSETS 2013 Current assets: Cash Accounts receivable Inventory Prepaid expenses Due from affiliates Current position of note receivable from affiliate Total current assets Property and equipment: Land Building and improvements Furniture and equipment Less accumulated depreciation Property and equipment, net Other assets: Deposit Note receivable from affiliate, less current portion Total other assets LIABILITIES AND NET ASSETS Accounts payable Accrued expenses Deferred dues Deferred exhibit fees Due to affiliates Current portion of long-term debt, due to affiliate Total current liabilities Long-term debt, due to affiliate Total liabilities Net assets: Unrestricted Designated by the Board for support of the legislative fund Total net assets $638,212 $236,460 $36,671 $142,697 — — $1,054,040 $97,500 $703,607 $143,964 $945,071 ($319,607) $625,464 $3,022 $3,022 $1,682,526 2013 $108,370 $21,089 $666,692 $373,025 $37,703 $100,000 $1,306,879 $1,306,879 $354,994 $20,653 $1,682,526 2012 $493,482 $175,881 $40,578 $94,618 $8,484 $13,387 $826,430 $97,500 $674,597 $250,861 $1,022,958 ($410,622) $612,336 — — $219,133 $219,133 $1,657,899 2012 $23,363 $18,907 $671,023 $370,070 $14,791 — $1,098,154 — $100,000 $1,198,154 $439,092 $20,653 $375,647 $459,745 $1,657,899 Statement of Net Activities (P&L) REVENUES 2013 Revenues and gains: Membership dues and services Convention Educational programs Management fee Legislative income Advertising Promotional programs Interest Miscellaneous Excess of assets over liabilities received in acquisitions (Note 1) Total revenues and gains EXPENSES 2013 Expenses and losses: Administrative Convention Keynotes magazine Building operations Member services Depreciation Promotional programs Educational programs Legislative expense Committee Scammer fund Bad debt Loss on intercompany receivables Loss on disposal of property and equipment Total expenses and losses Increase (decrease) in net assets Net assets at beginning of year Net assets at end of year $1,017,643 $571,465 $481,781 $138,611 $84,950 $32,400 $43,419 2012 $901,794 $427,635 $311,848 $112,648 $54,094 $34,733 $37,278 $160,142 $248,645 $50,501 $2,730 — $3,755 $245,998 $112 $2,833,507 ($84,098) $459,745 $57,910 $10,668 $21,087 — — $16,603 $2,234,943 $282,765 $176,980 $375,647 $459,745 $1,209,500 $909,552 $236,706 — $131,661 $182,264 $31,588 $7,738 $5,048 $35,352 $2,749,409 2012 $978,374 $822,492 $225,925 $97,980 $146,679 $147,114 $69,182 $24,479 $5,483 — $2,517,708 WWW.ALOA.ORG JULY/AUGUST 2014 KEYNOTES 25
