Learning Never Stops -- MIND Research Institute 2011 Annual Report 2011 | Page 14

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MIND RESEARCH INSTITUTE 2011 Statement of Income

Revenue and Support
Total 2011
Total 2010
Gross School Sales
$
11,303,697
$
9,503,716
Less Contributions / Sponsorships
( 3,533,938)
( 2,678,283)
Total Non-sponsored School Sales
7,769,759
6,825,433
Contributions 5,602,812 4,440,464
Special Events, Awards Dinner
net of donor benefit of $ 35,000
411,179
381,226
In Kind Revenue 25,351 343,863 Total Development / Fundraising 6,039,342 5,165,553
Gain( Loss) on sale of securities 821( 15)
Other Income
527
18,635
Total Other Support
1,348
18,620
Releases from prior year restrictions – – TOTAL REVENUE AND SUPPORT $ 13,810,449 $ 12,009,606
Expenses Program
11,809,347
10,081,045
Fundraising
1,517,529
1,369,201
Management
370,326
354,510
TOTAL EXPENSES
$
13,697,202
$
11,804,756
INCREASE IN NET ASSETS
113,247
204,850
NET ASSETS, BEGINNING
3,062,743
2,857,893
NET ASSETS, ENDING
$
3,175,990
$
3,062,743
MIND Research Institute’ s 2011 financial statements and records are audited annually by Guzman & Gray, Certified Public Accountants, in Long Beach, CA. For complete copy of the 2011 Audited Financial Statements, please email gmaddalon @ mindresearch. net or call 714-751-5443, ext. 245.