2009 Annual Report - RTCA

See accompanying notes to financial statements.
RTCA, Inc.
RTCA, Inc.
balance Balance Sheet sheet
December
December
31,
31, 2009
2009
(With
(With
comparative
comparative totals
totals
as
as
of
of
December
December
31,
31,
2008)
2008)
Assets
Working
Capital and
Catastrophic
Operating Jackson Reserve 2009 2008
Funds Fund Fund Total Total
Current assets
Cash and cash equivalents $ 433,573 $ 14 $ - $ 433,587 $ 631,786
Certificates of deposit 665,000 - - 665,000 570,000
Accounts receivable
Dues 205,500 - - 205,500 113,000
Other 3,176 - - 3,176 6,912
Prepaid expenses 48,141 - - 48,141 73,073
Due from other funds 31,070 - - - -
Publications inventory 29,593 - - 29,593 25,592
Total current assets 1,416,053 14 - 1,384,997 1,420,363
Long-term investments 2,399,660 111,184 1,087,734 3,598,578 2,746,434
Property and equipment, net 112,966 - - 112,966 141,888
Security deposits 19,879 - - 19,879 19,879
Total assets $ 3,948,558 $ 111,198 $ 1,087,734 $ 5,116,420 $ 4,328,564
Liabilities and Net Assets
Current liabilities
Accounts payable $ 14,253 $ - $ - $ 14,253 $ 47,907
Accrued salaries and benefits 26,053 - - 26,053 29,626
Accrued rent 54,986 - - 54,986 47,631
Obligation under capital lease 7,755 - - 7,755 5,988
Due to other funds - 31,070 - - -
Deferred revenues 442,670 - - 442,670 451,212
Total current liabilities 545,717 31,070 - 545,717 582,364
Long-term liabilities
Accrued rent, net of current portion 34,607 - - 34,607 89,593
Obligation under capital lease, net of current portion 11,505 - - 11,505 2,994
Total liabilities 591,829 31,070 - 591,829 674,951
Net assets
Unrestricted 3,356,729 80,128 372,300 3,809,157 3,117,870
Temporarily restricted - - 715,434 715,434 535,743
Total net assets 3,356,729 80,128 1,087,734 4,524,591 3,653,613
Total liabilities and net assets $ 3,948,558 $ 111,198 $ 1,087,734 $ 5,116,420 $ 4,328,564
A copy of the audited financial statement is available upon request.
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RTCA • 2009 Annual Report