2020 American Motorcyclist Association Annual Report — Financial Information
American Motorcyclist Association and Subsidiaries
Title | Amount |
---|---|
Consolidated Statement of Activities (Year Ended Sept. 30, 2020) | |
Revenue | |
Contributions and Revenues | $11,632,531 |
Expenses | |
Functional expenses | $9,405,236 |
Administrative and support expenses | $1,848,643 |
Increase in Net Assets from Operations | $378,652 |
Other Income | |
Net interest and dividend income | $291,505 |
Net realized and unrealized gains on investments | $714,868 |
Grant revenue | $297,292 |
Total Other Income | $1,303,665 |
Net Assets | |
Net assets, beginning of year | $7,261,981 |
Net assets, end of year | $8,995,427 |
Changes in Net Assets | $1,733,446 |
Consolidated Balance Sheet (Year Ended Sept. 30, 2020) | |
Current Assets | |
Cash and cash equivalents | $2,085,915 |
Accounts receivable | $294,093 |
Prepaid expenses and inventory | $362,699 |
Total Current Assets | $2,742,707 |
Investments | $11,519,729 |
Property and Equipment (Net) | $2,908,120 |
Total Assets | $17,170,556 |
Liabilities and Net Assets | |
Liabilities | |
Accounts Payable | $775,547 |
Accrued compensation and related liabilities | $251,453 |
Deferred revenue | $6,347,798 |
Rider purses and insurance premiums | $128,430 |
Other liabilities | $671,901 |
Total Liabilities | $8,175,129 |
Net Assets (Unrestricted) | $8,995,427 |
Total Liabilities and Net Assets | $17,170,556 |
Consolidated Statement of Cash Flows (Year Ended Sept. 30, 2020) | |
Cash Flows from Operating Activities | |
Increase in net assets | $1,733,446 |
Adjustments to Reconcile Increase (Decrease) in Net Assets | |
Depreciation | $412,681 |
Net realized and unrealized (gain) loss on investments | $(760,958) |
Bad debt expense | - |
Decrease in Operating Assets | |
Accounts receivable | $254,628 |
Inventory | $57,540 |
Prepaid expenses and other | $307,049 |
Increase in Operating Liabilities | |
Accounts payable | $(757,951) |
Accrued compensation and related liabilities | $(57,306) |
Deferred revenue | $(79,368) |
Rider purses and insurance premiums | $(114,600) |
Other liabilities | $105,406 |
Net Cash (Used In) Provided By Operating Activities | $1,100,567 |
Cash Flows from Investing Activities | |
Payments for Puchase of Investments | $(1,960,922) |
Proceeds from the Sale of Investments | $1,672,213 |
Payments for the Purchase of Property and Equipment | $(273,195) |
Cash Flows from Financing Activities | |
Proceeds from Line of Credit | $350,000 |
Payments on Line of Credit | $(350,000) |
Proceeds from Debt Obligations | $450,000 |
Net Increase in Cash and Cash Equivalents | $988,663 |
Cash and Cash Equivalents, Beginning of the Year | $1,097,252 |
Cash and Cash Equivalents, End of the Year | $2,085,915 |