The following audited financial statements
reflect the continued solid financial position of
NSA and NSA Foundation during fiscal year
2007–2008.
Shep Hyken, CSP, CPAE
St. Louis, Mo.
NSA Treasurer
We have audited, in accordance with auditing
standards generally accepted in the United
States of America, the combined statements
of financial position of National Speakers
Association and NSA Foundation, Inc. (
not-for-profit organizations) as of Aug. 31, 2008
and 2007, and the related combined statements
of activities and cash flows (not presented
herein) for the years then ended, and in our
report, dated Nov. 19, 2008, we expressed
an unqualified opinion on those financial
statements. In our opinion, the information set
forth in the accompanying condensed financial
statements is fairly stated in all material respects
in relation to the financial statements from
which it has been derived. Complete financial
statements are on file at the Association’s office
in Tempe, Ariz.
National Speakers Association and NSA Foundation, Inc.
COMBINED STATEMENT FINANCIAL POSITION
AUGUST 31, 2008
2008
ASSEtS
total
Cash and cash equivalents
Investments
Accounts receivable
Pledges receivable, net
Prepaid and other assets
Cash surrender value, life insurance
Intangible assets, net
Property and equipment, net
1,468,786
7,066,688
211,467
118,704
80,333
5,513
226,814
564,320
TOTAL ASSETS
9,742,625
liABilitiES ANd NEt ASSEtS
LIABILITIES
Accounts payable
Accrued liabilities
Deferred revenues
Total liabilities
991,417
158,564
911,176
2,061,157
NET ASSETS
Unrestricted
Undesignated
Board Designated
Capital Reserves & Improvements
Member Survey Fund
NSA Foundation
Art Berg Fund
Research Fund
Professional Speakers
Benefit Fund
Scholarship Fund
3,812,056
1,000,000
23,081
Temporarily restricted
Total net assets
7,604
275,667
1,552,584
680,936
7,351,928
329,540
7,681,468
TOTAL LIABILITIES AND
NET ASSETS
