FINANCIALS
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Corporate and Foundation Investors
Individual Investors
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Financial Statements
FINANCIAL STATEMENTS Download this data as a PDF


The following represents excerpts of the financial statements of Junior Achievement of New York as of and for the years ended June 30, 2011 and 2010. The complete set of financial statements has been examined by our independent auditors, KPMG, LLP, upon which they have issued an unqualified opinion. Download JA New York's financial statements, including our independent auditors' report here. You may also call 212-907-0077 or email us at audit@jany.org.

JUNIOR ACHIEVEMENT OF NEW YORK
STATEMENTS OF FINANCIAL POSITION
June 30, 2011 and 2010
  ASSETS 2011   2010  
Current assets:
Cash and cash equivalents $ 163,483   524,287  
Contributions and special events receivable, net (note 3) 761,191   356,708  
Inventory, net of allowance of $3,800 in 2010 24,838   37,607  
Prepaid expenses and other assets 24,280   2,046  
            Total Current assets 973,792   920,648  
Long Term assets:
Long-term contributions receivables (pledges), net (note 3) 858,952   1,035,240  
Fixed assets, net (note 4) 10,717   91,222  
             Total Long Term assets 869,669   1,126,462  
     Total assets $ 1,843,461   2,047,110  
  LIABILITIES AND NET ASSETS
Current Liabilities:
Accounts payable and accrued expenses (note 10) $ 222,276   229,604  
Short-term borrowings (note 9) —     200,000  
Deferred revenue 10,000   35,000  
Deferred rent obligation (note 6) 26,652   35,474  
             Total Current Liabilities 258,928   500,078  
Long Term Liabilites:
Deferred rent obligation (note 6) —     26,652  
             Total liabilites 258,928   526,730  
Unrestricted net assets 372,028   250,975  
Temporarily restricted net assets (note 5) 1,212,505   1,269,405  
         Total net assets 1,584,533   1,520,380  
         Total liabilities and net assets $ 1,843,461   2,047,110  


JUNIOR ACHIEVEMENT OF NEW YORK, INC.
STATEMENTS OF ACTIVITIES
Years ended June 30, 2011 and 2010
2011 2010 
Unrestricted Temporarily restricted Total  Total 
  OPERATING SUPPORT AND REVENUE:
Contributions, net of participation payments of $52,968
and $54,964 in 2011 and 2010 (note 3):
Corporate  $ 475,588   229,090   704,678   690,813
Individual  182,623   —     182,623   674,298
Foundations  226,557   268,386   494,943   301,463
Total Contributions 884,768   497,476   1,382,244   1,666,574
Special events income (note 3) 2,209,031   —     2,209,031   2,179,490
Special events expenses and participation payments (520,627)   —     (520,627)  (571,392)
Special event income, net 1,688,404   —     1,688,404   1,608,098
In-Kind Contributions (note 8) 700,520   —     700,520   475,857
Interest and other income 2,587   —     2,587   32,353
Net assets released from restriction 554,376   (554,376)   —     —    
Total operating support and revenue 3,830,655   (56,900)   3,773,755   3,782,882
  OPERATING EXPENSES:
Program services:
High school programs 488,234   488,234   375,805
Middle school programs 467,690   467,690   367,592
Elementary school programs 1,460,829   1,460,829   1,254,828
Total program services 2,416,753   —     2,416,753   1,998,225
Supporting services:
Management and general 445,685   445,685   986,881
Fundraising:
Volunteer recruiting costs 177,472   177,472   124,141
General solicitation of funds 667,512     667,512   634,072
Total fundraising expenses 844,984   —     844,984   758,213
Total supporting services 1,290,669   —     1,290,669   1,745,094
Total operating expenses 3,707,422   —     3,707,422   3,743,319
  NON-OPERATING ACTIVITIES:
Losses on pledges (2,180)   (2,180)   (3,500)
Total non-operating activities (2,180)   —     (2,180)   (3,500)
Increase (decrease) in net assets 121,053   (56,900)   64,153   36,063
  Net assets at beginning of year 250,975   1,269,405   1,520,380   1,484,317
  Net assets at end of year $ 372,028   1,212,505   1,584,533   1,520,380

© 2011 Junior Achievement of New York