2017 Annual Report

The Society

Current Year Operating Revenue and Expense

Balance Sheet

2017

2017

2016

2016

Revenue

Assets

$ 6,801,368

$ 7,299,173

Science News magazine

$ 5,648,941

Cash and short term receivables

$ 3,016,104

20,489,478

27,130,890

Science education programs

17,762,816

Investments

26,543,262

953,822

67,694,362

In-kind and other revenue

1,181,930

Grants receivable

78,442,518

152,731

28,244,668

Property and equipment

286,247

Total operating revenue

24,593,687

102,277,156

Total Assets

108,288,131

Expense

Liabilities

26,545,539

Program services

22,558,091

1,044,609

Accounts payable

515,015

1,254,891

General and management

1,471,265

2,880,760

Awards payable

2,594,490

1,525,701

Fundraising

814,721

3,285,630

Deferred subscription revenue

3,267,555

29,326,131

Total operating expense

24,844,077

1,968,000

Post retirement benefit liability

1,789,000

9,178,998

Total Liabilities

8,166,060

Non Operating Activities and Pledges

Net Assets

$ 93,098,157

$100,122,071

2017

2016

Non Operating Activity

2,488,549

Investment income

1,627,399

FY 2017 Operating Revenue

FY 2017 Operating Expense

(82,671)

Change in post retirement benefit liability

(104,149)

3%

4%

5%

Pledges and Contributions Designated for Future Years

24%

14,113,341

Pledges and contributions received in 2017

52,742,378

(22,797,249)

Prior years’ pledges used in current year

(18,923,015)

335,578

Change in permanently restricted net assets

25,480

73%

91%

(5,942,452)

Non Operating Activity

35,368,093

Change in Net Assets

(7,023,915)

35,117,703

Science News magazine Science education programs In-kind and other revenue

Program services General and management Fundraising

100,122,071

Net assets at the beginning of the year

65,004,368

$ 93,098,156

Net assets at the end of the year

$100,122,071

2017 ANNUAL REPORT | SOCIETY FOR SCIENCE & THE PUBLIC | 45