2021 Financials

2021 Financial Statements

Consolidated Statements of Financial Position for the years ended December 31, 2021 and 2020 ($ in thousands)

ASSETS 2021 2020
Cash 9,146 9,901
Accounts receivable, net 6,648 5,413
Grants and contracts receivable, net 8,393 6,825
Prepaid expenses and other 2,876 2,796
Investments 97,020 83,023
Property, plant and equipment 49,685 50,203
Total assets 173,768 158,161
 
LIABILITIES AND NET ASSETS    
Liabilities:    
Accounts payable, loan payable and accrued expenses 13,131 11,160
Deferred dues, subscriptions revenue and other 21,386 22,415
Total liabilities 34,517 33,575
     
Net assets:    
Net assets without donor restrictions 85,375 76,441
Net assets with donor restrictions 53,876 48,145
Total net assets 139,251 124,586
Total liabilities and net assets 173,768 158,161

Consolidated Statements of Activities and Changes in Net Assets for the years ended December 31, 2021 and 2020 ($ in thousands)

Revenues 2021 2020
Publishing 68,277 64,592
Member dues 8,582 8,894
Grants and other program support 25,207 28,704
Leasing, investments and other 10,058 10,740
  112,124 112,930
 
Expenses    
Journals 30,802 28,189
Policy, education and other programs 35,391 37,192
Publishing 18,168 16,184
Membership services 6,542 7,510
Supporting services 19,234 19,522
  110,137 108,597
     
Operating income, before income tax 1,987 4,333
Provision for income tax 119 76
Nonoperating revenue and expense 7,066 3,320
Change in net assets without donor restrictions 8,934 7,577
Change in net assets with donor restrictions 5,731 (2,456)
Change in net assets 14,665 5,121
Net assets, beginning of year 124,586 119,465
Net assets, end of year 139,251 124,586