Annual Report 2009 - Armenian Missionary Association of America

Armenian Missionary Association of America, Inc.
Statements of Financial Position
As of July 31, 2010 and 2009
The Armenian Missionary
Association of America
(AMAA) emphasizes full
financial disclosure, accountability
and
careful stewardship.
NET ASSETS OF
THE AMAA
ASSETS 2010 2009
Cash $ 907,095 $ 998,960
Interest receivable and prepaid expenses 33,913 33,913
Pledges receivable, less allowance for doubtful pledges
of $628,998 in 2010 and $628,998 in 2009 (Note 3) 2,504,292 3,109,465
Other receivables 11,113 16,549
Total Cash and Receivables 3,456,413 4,158,887
Investments: (Note 4)
Cash equivalents 13,242,195 10,943,290
Corporate stocks 65,367,944 59,622,943
Bonds and notes 5,536,861 5,885,549
Real estate 23,232,757 22,885,361
Total Investments 107,379,757 99,337,143
$118MM
$122MM
$124MM
Loans receivable, less allowance for doubtful
accounts of $350,000 in 2010 and
$50,000 in 2009 (Note 6) 2,851,991 3,518,719
Land, buildings, and equipment at cost, less
accumulated depreciation of $2,047,998 in 2010
and $1,830,367 in 2009 (Note 7) 10,587,240 10,476,095
$116MM
Total Assets $124,275,401 $117,490,844
LIABILITIES AND NET ASSETS
$108MM
2006 2007
2008 2009 2010
Liabilities
Accounts payable and accrued expenses $ 80,602 $ 81,349
Custodial accounts (Note 8) 1,574,864 1,613,662
Total Liabilities 1,655,466 1,695,011
Net Assets
God is not unjust; he will
not forget your work and
the love you have shown
him as you have helped
his people and continue to
help them. (Hebrews 6:10)
Unrestricted (Note 9)
Undesignated 10,934,930 10,900,656
Temporarily restricted (Note 10) 9,541,648 9,637,427
Permanently restricted (Note 11) 102,143,357 95,257,750
Total Net Assets 122,619,935 115,795,833
Total Liabilities and Net Assets $124,275,401 $117,490,844
The Notes to the financial statements are an integral part of these statements.
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