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STEM Education News and Calendar
organizations from many European counties, as well as from
the USA, Canada, and Russia will participate. To organize
the largest educational event in Bulgaria, the organizers
work with many embassies, educational and cultural
organizations, and Bulgarian state authorities. There will be
a second Education Beyond Borders exposition presented
October 21-23, 2011. If you have any questions regarding
the exposition, please visit the website at www.educationworld.eu
or contact Zornitsa Andreeva, Marketing Director,
at +359 2 9888 604 (phone), +359 2 950 25 11 (fax), or email
Education.Beyond.Borders@gmail.com.
March 18, 2011 The 25th Annual NJTEA Technology
Conference and Expo will take place at the New Jersey
Institute of Technology. This year’s theme is “I am
Technology Education.” Additional information is available
at www.njtea.org.
March 24-26, 2011 ITEEA’s 73rd Annual Conference,
Preparing the STEM Workforce: The Next Generation, will be
held at the Minneapolis Convention Center in Minneapolis,
MN. This year’s
conference
strands are: The
21st Century
Workforce,
New Basics,
and Sustainable
Workforce and
Environment. All conference information is available at
www.iteea.org/Conference/conferenceguide.htm.
List your State/Province Association Conference
in TET and STEM Connections (ITEEA’s electronic
newsletter). Submit conference title, date(s), location,
and contact information (at least two months prior to
journal publication date) to kcluff@iteea.org.
ITEEA and FTEE Financial Report – Fiscal 2010
Important Comments Pertaining to the ITEEA
and FTEE Financial Reports:
• The figures in this report reflect the financial year, which
ended on June 30, 2010. A complete financial report is
made to the ITEEA/FTEE Board of Directors/Trustees by
the accounting firm of Ribis, Jones, and Maresca, P.A.
• The balance shown is the result of specifically planned
activities on behalf of the Board of Directors and the
headquarters staff to balance the budget. The Board
monitors the financial condition of the association and
foundation on an ongoing basis through its Executive
Committee, which also serves as the finance committee,
and the Executive Director, who serves the association as
secretary/treasurer.
• Care is taken through the auditing process to ensure that
the operation of the association is in compliance with
rules and regulations established by the Internal Revenue
Service and State of Virginia guidelines used for nonprofit
associations. Questions pertaining to this report can be
directed to ITEEA at (703) 860-2100.
INTERNATIONAL TECHNOLOGY AND ENGINEERING EDUCATORS ASSOCIATION, INC.
AND FOUNDATION FOR TECHNOLOGY AND ENGINEERING EDUCATORS, INC.
COMBINED STATEMENT OF FINANCIAL POSITION
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 74,659
Investments 1,313,913
Accounts receivable, net of allowance
For doubtful accounts of $1,395 and $1,995 1,825
Grants receivable 14,500
Inventory 92,365
Prepaid expenses 30,197
Total Current Assets 1,527,459
PROPERTY AND EQUIPMENT, NET 17,440
OTHER ASSETS
Security deposits 2,200
Cash surrender value of life insurance 164,302
Total Other Assets 166,502
TOTAL ASSETS $1,711,401
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Accounts payable $ 17,027
Accrued wages 33,274
Accrued vacation 24,554
Deferred consortium and membership dues 201,823
Total Current Liabilities 276,678
LONG-TERM LIABILITIES
Postretirement health benefits obligations $ 184,890
NET ASSETS
Unrestricted net assets 1,225,512
Temporarily restricted net assets
Life members net assets 24,321
Total temporarily restricted net assets 24,321
TOTAL NET ASSETS 1,249,833
TOTAL LIABILITIES AND NET ASSETS 1,711,401
TOTAL REVENUE 1,539,973
TOTAL EXPENSES 1,415,424
REVENUE OVER EXPENSE AND SUPPORT 124,549
4 • Technology and Engineering Teacher • February 2011