2010 Annual Report - Bermuda Institute of Ocean Sciences
2010 Annual Report - Bermuda Institute of Ocean Sciences
2010 Annual Report - Bermuda Institute of Ocean Sciences
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DECEMBER 31, <strong>2010</strong> AND 2009<br />
SuMMARy FinAnCiAl poSition<br />
assets<br />
Cash and cash equivalents<br />
Grant receivables and other assets<br />
Contributions receivable, net<br />
Investments<br />
Property and equipment, net<br />
Total Assets<br />
<strong>2010</strong> 2009<br />
$ 1,850,158 $ 2,099,077<br />
1,098,963 1,385,413<br />
1,058,730 1,498,084<br />
10,526,597 9,625,359<br />
16,664,049 16,090,874<br />
31,198,497 30,698,807<br />
Liabilities and net assets<br />
Liabilities<br />
Payables, accruals, advances and deposits<br />
Loans payable<br />
$ 2,383,506<br />
5,449,153<br />
$<br />
1,808,957<br />
6,171,741<br />
Total Liabilities<br />
7,832,659<br />
7,980,698<br />
net assets<br />
Unrestricted<br />
Temporarily restricted<br />
Permanently restricted<br />
Total Net Assets<br />
Total Liabilities and Net Assets<br />
11,888,973<br />
3,857,000<br />
7,619,865<br />
11,997,281<br />
3,102,213<br />
7,618,615<br />
23,365,838 22,718,109<br />
$ 31,198,497 $ 30,698,807<br />
SuMMARy ACtivitiES StAtEMEnt<br />
revenues & support<br />
Contributions, net<br />
Grants and Contracts<br />
Tuition, guest services and other<br />
Investment return<br />
$<br />
2,634,984<br />
7,707,044<br />
1,654,082<br />
1,175,114<br />
$<br />
2,235,635<br />
7,419,779<br />
1,927,967<br />
1,924,900<br />
Total Revenue & Support<br />
13,171,224<br />
13,508,281<br />
expenses<br />
Program services<br />
Scientific research<br />
Education programs<br />
Guest and residential services<br />
8,650,314<br />
2,097,436<br />
275,959<br />
8,920,346<br />
2,214,989<br />
256,956<br />
Support Services<br />
Development and public relations<br />
Management and general<br />
Total expenses<br />
Increase (decrease) in net assets<br />
619,402<br />
880,384<br />
12,523,495<br />
$ 647,729 $<br />
863,825<br />
619,074<br />
12,875,190<br />
633,091<br />
Financial statements with independent auditors’ report are available on our website at www.bios.edu<br />
or by contacting Stephen M. Markman, Treasurer and Controller,<br />
telephone 441-297-1880 ext.109, fax 441-297-2222 or email stephen.markman@bios.edu.<br />
pg 10 <strong>Bermuda</strong> institute <strong>of</strong> ocean <strong>Sciences</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>
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