2009 Annual Report - RTCA

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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. 26 RTCA • 2009 Annual Report
RTCA, Inc. RTCA, Inc. Statement of Activities Statement of Activities Year Ended December December 31, 2009 31, 2009 (With (With comparative comparative totals for the year year ended ended December December 31, 31, 2008) 2008) Working Capital and Catastrophic Operating Jackson Reserve 2009 2008 Funds Fund Fund Total Total Operating revenues Member dues $ 1,347,293 $ - $ - $ 1,347,293 $ 1,264,892 Publication sales 412,739 - - 412,739 528,377 Symposium 115,418 - - 115,418 71,625 Training seminars 64,305 - - 64,305 149,850 Interest and dividend income 13,261 - - 13,261 41,859 Conference room sponsors 10,667 - - 10,667 9,292 Miscellaneous income - - - - 781 Total operating revenues 1,963,683 - - 1,963,683 2,066,676 Operating expenses Program services Committees and task forces 783,734 - - 783,734 562,778 Symposium 162,604 5,480 - 168,084 218,099 Publications 159,249 - - 159,249 183,299 Membership services 81,798 - - 81,798 73,003 Public education 18,788 - - 18,788 123,497 Training seminars 86,035 - - 86,035 128,591 Supporting services Management and general 625,941 - - 625,941 717,314 Membership development 21,222 - - 21,222 27,865 Total operating expenses 1,939,371 5,480 - 1,944,851 2,034,446 Excess (deficiency) of operating revenues over operating expenses 24,312 (5,480) - 18,832 32,230 Other income Net gain (loss) on long-term investments 553,223 25,724 273,199 852,146 (1,463,779) Change in net assets $ 577,535 $ 20,244 $ 273,199 $ 870,978 $ (1,431,549) A copy of the audited financial statement is available upon request. See accompanying notes to financial statements. 2009 Annual Report • RTCA 27
Page 1 and 2: 2009 Annual Report
Page 3 and 4: 2009 Annual Report Table of Content
Page 5 and 6: Implementation Task Force Report. T
Page 7 and 8: RTCA Committee Activities From its
Page 9 and 10: RTCA NextGen Mid-Term Implementatio
Page 11 and 12: SC-222, Inmarsat AMS(R)S was establ
Page 13 and 14: for FIS and AIS functions that supp
Page 15 and 16: RTCA Document Title Prepared by Spe
Page 17 and 18: RTCA Committee Member Recognition E
Page 19 and 20: Recognizing Excellence: RTCA Annual
Page 21 and 22: RTCA MEMBERSHIP Aviation Management
Page 23 and 24: RTCA MEMBERSHIP T Tego, Inc. Teledy
Page 25 and 26: RTCA MEMBERSHIP O Omnipless Manufac
Page 27: 2009 Financial Summary YEAR ENDED D
Page 31 and 32: Celebrating 75Years 1935-2010

2009 Annual Report - RTCA

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