AMERICAN WELDING SOCIETY, INC., AND AWS FOUNDATION COMBINED STATEMENTS OF ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2015 Net Change in Temporarily Permanently Unrestricted Unrestricted Unrestricted Restricted Restricted Total Total Revenues Expenses Net Assets Net Assets Net Assets 2015 2014 OPERATING: Convention $ 4,218,464 $ 800,099 $ 3,330,365 $ - $ - $ 3,330,365 $ 3,112,058 Educational services 6,784,962 5,475,598 1,309,364 - - 1,309,364 1,097,549 Marketing and corporate communications - 986,557 (986,557) - - (986,557) (942,797) International activities 60,135 459,136 (399,001) - - (399,001) (256,949) AWS Foundation - - - - - - (1,029,376) WEMCO 124,120 148,730 (24,610) - - (24,610) (39,564) RWMA 116,602 125,285 (8,683) - - (8,683) (43,988) ITSA 243,860 301,867 (58,007) - - (58,007) (28,817) Membership 3,949,117 1,854,104 2,095,013 - - 2,095,013 1,769,961 Certification 13,508,065 4,123,881 9,384,184 - - 9,384,184 9,368,290 Technical 7,634,556 2,596,975 5,037,581 - - 5,037,581 3,027,896 Publications 4,027,748 3,219,474 808,274 - - 808,274 683,672 Administration 29,026 7,851,425 (7,822,399) - - (7,822,399) (6,137,659) Building operations - 760,816 (760,816) - - (760,816) (687,843) Board approved programs - 107,826 (107,826) - - (107,826) (66,759) TOTAL CHANGE IN OPERATING FUND BEFORE TRANSFER 40,696,655 28,899,773 11,796,882 - - 11,796,882 9,825,674 INTER-FUND TRANSFERS - 9,409,719 (9,409,719) - - (9,409,719) (10,368,476) TOTAL CHANGE IN OPERATING FUND AFTER TRANSFER 40,696,655 38,309,492 2,387,163 - - 2,387,163 (542,802) RESERVE: Interest and dividends 1,128,924 - 1,128,924 - - 1,128,924 999,818 Loss on investments, net (1,224,574) - (1,224,574) - - (1,224,574) 423,723 TOTAL CHANGE IN RESERVE FUND BEFORE TRANSFERS (95,650) - (95,650) - - (95,650) 1,423,541 INTER-FUND TRANSFERS 5,200,000 - 5,200,000 - - 5,200,000 6,704,941 TOTAL CHANGE IN RESERVE FUND AFTER TRANSFERS $ 5,104,350 $ - $ 5,104,350 $ - $ - $ 5,104,350 $ 8,128,482 JUNE 2016 / WELDING JOURNAL 43 (WITH COMPARATIVE TOTALS FOR THE YEAR ENDED DECEMBER 31, 2014) The accompanying notes are an integral part of these combined financial statements.
Welding Journal | June 2016
To see the actual publication please follow the link above