Annual Report 2009 - Armenian Missionary Association of America

Armenian Missionary Association of America, Inc.
Statement of Activities and Changes in Net Assets
For the Year Ended July 31, 2009
Temporarily
Permanently
Unrestricted Restricted Restricted Total
Revenues, Gains & Other Support
Contributions and bequests $ 3,951,449 $ 1,213,706 $ 1,787,573 $ 6,952,728
Net realized gains (losses) on investments (48,262) 189,509 (2,728,167) (2,586,920)
Net unrealized gains (losses) on investments 2,765 (2,808) (7,330,967) (7,331,010)
Investment income (Note 4) 222,146 1,377,234 2,093,265 3,692,645
Transfer investment income 3,308,958 (1,250,836) (2,058,122) -
Net assets released from restrictions -
Satisfaction of program objectives 2,571,945 (2,712,945) 141,000 -
Total Revenues, Gains & Other Support 10,009,001 (1,186,140) (8,095,418) 727,443
Program Services
Education
Child education 636,736 636,736
General scholarship 198,262 198,262
Leadership and theological training 178,983 178,983
Haigazian University of Beirut 333,193 333,193
Relief 2,777,010 2,777,010
Evangelism 695,664 695,664
Churches and missions 929,323 929,323
Publications 79,962 79,962
Living trusts 2,000 2,000
Supporting Services
Travel and hospitality 96,117 96,117
Legal expense 50,100 50,100
Office administration 1,030,888 1,030,888
Depreciation 206,733 206,733
Total Expenses 7,214,971 - - 7,214,971
Change in Net Assets 2,794,030 (1,186,140) (8,095,418) (6,487,528)
Net Assets at Beginning of Year 8,106,626 10,823,567 103,353,168 122,283,361
Net Assets at Year-End $ 10,900,656 $ 9,637,427 $ 95,257,750 $ 115,795,833
The Notes to the financial statements are an integral part of these statements.
18