National Speakers Association and NSA Foundation, Inc.
COMBINED STATEMENT OF FINANCIAL POSITION
MAY 31, 2011
The following audited financial statements reflect the continued solid
financial position of NSA and NSA
Foundation during the fiscal year
2010-2011.
2011
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
$
699,804
8,193,750
91,142
55,316
94,445
4,324
4,273
415,582
TOTAL ASSETS
$
9,558,636
Scott McKain, CSP, CPAE
Fishers, Indiana
NSA Treasurer
LIABILITIES AND NET ASSETS
$
Clifton Gunderson audited the combined statement of financial position
of National Speaker Association and
NSA Foundation, Inc. as of May 31,
2011, and the related combined statements of activities and cash flows for
the year then ended and have issued an
unqualified opinion on those combined
financial statements as of and for the
year ended May 31, 2011. Their audit
was conducted in accordance with
auditing standards generally accepted
in the United States of America. A
complete set of the combined financial statements are on file at the
Association’s office in Tempe, Arizona.
LIABILITIES
Accounts Payable
Accrued Liabilities
Deferred Revenues
66,449
155,699
1,156,673
Total Liabilities
1,378,821
NET ASSETS
Unrestricted
Undesignated
Board Designated
Capital Reserves and Improvements
Reserve for Subsequent Year’s
Marketing Initiative
Sponsorship and Advertising Initiative
Strategic Initiatives
New Staffing Plan Development
Website Development
NSA Foundation
Art Berg Fund
Research Fund
Professional Speakers Benefit Fund
Scholarship Fund
1,173,887
100,000
2,264,552
92,853
125,000
650,000
674,000
75,000
Temporarily Restricted
7,604
311,780
1,815,853
617,936
7,908,465
271,350
Total Net Assets
8,179,815
TOTAL LIABILITIES AND NET ASSETS
$
