<< Chapter < Page Chapter >> Page >

Appendix c: financial analysis: notes and tables

A critical component of this story has been the Society's evolving financial con­dition. Because of that fact, a detailed analysis of the Society's financial state­ments was conducted that reaches back to 1935, the year the Society received the $4.5 million Thompson bequest. There are certain problems in studying a time series of such length. Most significant, because the analysis uses data from the Society's annual reports and audited financial statements, it changes with the for­mats chosen by the Society's accountants and managers at the time. Occasionally, these changes make it difficult to keep presentation of the information consistent over time. To alleviate this problem, this analysis focuses on major financial categories only. From 1935 to 1974, the statements were, for the most part, comparable; however, in 1975, the Society converted from cash-based accounting to an accrual accounting system using complex (and very different) fund accounting concepts. Because of that change, the analysis of the tenure of James J. Heslin has been divided into two parts, 1960-1974 and 1975-1981.

The data shown in the tables that follow differ from what was originally pre­sented in the Society's statements. The chief difference involves distinguishing between operating and capital activity. Unfortunately, nonprofit institutions are not required to prepare operating statements. Consequently, activities that are capital in nature, such as the receipt of endowment gifts or sales of real prop­erty, are often shown as part of the current operating performance of the insti­tution. Inclusion of such cash inflows as operating income does not provide an accurate picture of an institution's operating stability, and every effort has been made to exclude such capital activity from the operating data.

What follows are brief summaries of the most significant assumptions, along with adjustments that have been made to the results, for the tables that follow.

Table c.3-1

1937: The Society included certain expenditures for the construction of its building. These amounts, totaling $51,000, were excluded from total oper­ating expenditures.

1939: The Society borrowed approximately $25,000 from the endowment to cover a deficit, but it was shown as revenue. $25,000 was deducted from total operating revenue. The interfund loan was repaid in 1950.

1943: The Society purchased a neighboring lot at 15 West Seventy-Sixth Street for $25,000. That amount was deducted from total operating expen­ditures.

Table c.3-2

1950: The Society transferred $25,000 from operations to the endowment to retire the interfund loan taken in 1939 (no interest was paid). $25,000 was deducted from total operating expenditures.

1954: Several changes took place in the Society's accounts in this year. First, there were several capital transfers from operations (including a $15,000 transfer to a publications fund) totaling approximately $24,000, which has been deducted from total operating expenditures. The Society also established three board-designated funds, the accumulated surplus fund, a pension fund, and an accessions fund.

Questions & Answers

what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
yes that's correct
I think
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
how nano science is used for hydrophobicity
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
what is differents between GO and RGO?
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get the best Algebra and trigonometry course in your pocket!

Source:  OpenStax, The new-york historical society: lessons from one nonprofit's long struggle for survival. OpenStax CNX. Mar 28, 2008 Download for free at http://cnx.org/content/col10518/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'The new-york historical society: lessons from one nonprofit's long struggle for survival' conversation and receive update notifications?