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 |