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 .