AnnuAl RepoRt to membeRs | 2012 - Cornell Lab of Ornithology

Fiscal Year 2012Financial REport(July 1, 2011—June 30, 2012)The Cornell Lab of Ornithologytakes great care to steward your gifts wisely.FY12 RevenuesFY12 ExpendituresWith the support of our generous membersand donors, the Lab has nearly doubled insize over the past 10 years, allowing us tobroaden the scope and reach of our programs.We continually strive to keep administrativeand fundraising costs as low as possible andinvest our valuable human and financial resourcesin building high-quality science, education,and conservation programs.14.36%6.9%36.8%0.02%1.94%39.98%14.8%9.9%75.3%Thank you for trusting us and for enabling usto continue advancing knowledge, buildingtechnologies, and strengthening conservationinitiatives around the world.Membership and Gifts............................$8,859,992Grants and Contracts..............................$8,156,861Program Income......................................$3,182,905Invested Funds and Related Income.....$1,528,162Gifts Directed to Investment Funds.........$431,029Other...............................................................$3,430Total Revenue.......................................$22,162,379Program................................................ $16,374,246Administration.........................................$3,228,620Development...........................................$2,150,776Total Expenditures................................$21,753,642Front cover: Yellow Warbler by Glenn BartleyBack cover: The Cornell Lab of Ornithology Staffby Jason Koski, University PhotographyGraphic design: Joanne AvilaMillions of dollars2624222018161412108Annual Operating Revenue and Expense, 2005–2012■ Gifts Directed to Invested Funds■ Operating Revenue■ ExpenseFY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012