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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

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..
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anyone know any internet site where one can find nanotechnology papers?
Damian Reply
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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.
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Damian Reply
absolutely yes
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Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
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Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
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What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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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
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