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2004 REPORT<br />
us to begin work on the reissue of the Treasures from American <strong>Film</strong> Archives DVD set,<br />
first released in 2000.<br />
Following standard accounting practices, a discount formula has been applied to longterm<br />
pledges. The inventory assessment is based on its net realizable value of currently<br />
assembled DVD sets, assuming sale of all units in stock.<br />
This past year, 90 percent of NFPF expenses were program related; administration<br />
and development accounted, respectively, for a modest 9 percent and 1 percent of total<br />
expenses. As of December 31, 2004, the NFPF has advanced film preservation projects<br />
in 112 nonprofit and public organizations across 36 states, the District of Columbia,<br />
and Puerto Rico.<br />
A copy of the complete audited financial statements is available from the NFPF.<br />
Statement of Activities<br />
Year Ending December 31, 2004<br />
Temporarily<br />
Unrestricted Restricted Total<br />
Support and Revenue<br />
Grants and contributions $ 60,079 $ 403,317 $ 463,396<br />
DVD sales 183,895 183,895<br />
Program service fees 70,000 70,000<br />
Investment income 16,317 16,317<br />
Other income 4,134 4,134<br />
Net assets released from restriction 601,402 (601,402)<br />
Total Support and Revenue 935,827 (198,085) 737,742<br />
Expenses<br />
Programs 933,819 933,819<br />
Management and general 88,735 88,735<br />
Fund-raising 10,292 10,292<br />
Total Expenses 1,032,846 1,032,846<br />
Changes in Net Assets (97,019) (198,085) (295,104)<br />
Net Assets–Beginning 1,210,877 599,153 1,810,030<br />
Net Assets–Ending $ 1,113,858 $ 401,068 $ 1,514,926<br />
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