2000 Financial Statement: Renaissance Society of America.William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack Bregman Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. 575 Lexington Lexington. 1 City (1990 pop. 225,366), seat of Fayette co., N central Ky., in the heart of the bluegrass region; inc. 1832, made coextensive with Fayette co. 1974. Avenue, Suite 410 New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10022 212-572-9626 REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT Members of the Executive Board And Advisory Council The Renaissance Renaissance (rĕnəsäns`, –zäns`) [Fr.,=rebirth], term used to describe the development of Western civilization that marked the transition from medieval to modern times. Society of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. I have audited the statements of financial position of The Renaissance Society of America (a New York nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. ) as of December December: see month. 31, 2000 and 1999. and the related statements of activity and cash flows for the years then ended. These financial statements are the responsibility of the Society's management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audits in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with generally accepted auditing standards Generally Accepted Auditing Standards, or GAAS, are ten auditing standards, developed by the AICPA, consisting of general standards, standards of field work, and standards of reporting, along with interpretations. . Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement mis·state tr.v. mis·stat·ed, mis·stat·ing, mis·states To state wrongly or falsely. mis·state  ment n. An audit also includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also Includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. I believe that my audit provides a reasonable basis for my
opinion.In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The Renaissance Society of America as of December 31, 2000 and 1999, and the results of Its activity and cash flows for the years then ended, in conformity with generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. New York, New York February February: see month. 15, 2001
THE RENAISSANCE SOCIETY OF AMERICA STATEMENTS OF FINANCIAL POSITION FOR
THE YEARS ENDED DECEMBER 31.
2000 1999
ASSETS
Cash $ 57,972 $ 70,986
Accounts receivable -- 785
Deferred annual meeting costs 12,308 14,519
Prepaid expenses -- 3,010
Investment securities 2,119,855 2,422,873
Deposits 1,798 6,766
Property and equipment, net 15,218 10,365
Total Assets 2,207,151 2,529,304
LIABILITIES
Accounts payable and accrued
expenses 10,000 5,000
Deferred memberships 46,484 38,155
Deferred subscriptions 73,410 77,993
Deferred conference registration 64,707 39,500
Total Liabilities 194,601 160,648
NET ASSETS
Unrestricted 1,967,735 2,323,841
Temporarily restricted -- --
Permanently restricted 44,815 44,815
Total Net Asset 2,012,550 2,368,656
Total Liabilities and Net Assets $ 2,207,151 $ 2,529,304
See Notes to Financial Statements
THE RENAISSANCE SOCIETY OF AMERICA STATEMENTS OF ACTIVITIES FOR THE
YEARS ENDED DECEMBER 31.
2000 1999
UNRESTRICTED NET ASSETS
Support:
Iter subscriptions $ - $ 5,826
Memberships and subscriptions 229,035 187,006
Use of donated facilities 18,000 18,000
Contributions 16,690 26,275
Grants 5,000 9,000
Investment return (173,001) 605,109
Total Support 95,724 851,216
Revenue:
Annual Meetings 54,024 28,455
Advertising 9,300 9,275
Air Freight 1,525 2,275
Publication 7,864 5,714
Mailing list rental 2,768 4,302
Cranz microfilm corpus - 7,800
Other 3,194 4,670
Total Revenue 78,675 62,491
Net assets released from
restrictions
Total Support and Revenue 174,399 913,707
Expenses:
Program Services
Renaissance Quarterly 76,071 97,169
Newsletter publication 4,453 7,303
Publication subsidies 1,000 3,179
Cranz microfilm corpus - 7,091
Grants 67,136 30,562
Iter 38,165 8,211
Web page 11,106 1,255
Directory - 4,842
Other program services 71,987 22,167
Total Program Services 269,918 181,779
Supporting services 260,587 180,797
Total Expenses $ 530,505 $ 362,576
Increase (Decrease) In Unrestricted
Net Assets $ (356,106) $ 551,131
TEMPORARILY RESTRICTED NET ASSETS
(Decrease ) Increase in Temporarily
Restricted Net Asset - -
PERMANENTLY RESTRICTED NET ASSETS
Endowment investment return 1,600 1,600
Endowment expenses:
William Nelson Prize (600) (600)
Bennett Memorial Prize (1,000) (1,000)
Total endowment expense (1,600) (1,600)
Increase in Permanently Restricted
Net Assets - -
TOTAL INCREASE IN NET ASSETS (356,106) 551,131
NET ASSETS, beginning of year 2,368,656 1,817,525
NET ASSETS, end of year $ 2,012,550 $ 2,368,656
See Notes to Financial Statements
THE RENAISSANCE SOCIETY OF AMERICA STATEMENTS OF CASH FLOWS FOR THE
YEARS ENDED DECEMBER 31.
2000 1999
CASH FLOW FROM OPERATING ACTIVITIES
Increase (decrease) in net assets $ (356,106) $ 551,131
Adjustment to reconcile increase
In net assets to net cash used by
operations
Depreclation 5,286 4,977
(Gain) loss on sales of Investments (120,455) (324,417)
Unrealized (gain) loss on investment
securities 339,587 (236,718)
Decrease (increase ) in operating
assets:
Accounts receivable 785 50
Prepaid bibliography - 8,000
Prepaid expenses 3,010 (148)
Deposits 4,968 (5,642)
Deferred annual meeting, costs 2,211 (14,519)
Increase ( decrease) in operating
liabilities:
Accounts payable and accrued
expenses 5,000 (50)
Deferred memberships and
subscriptions 3,746 13,857
Deferred revenue 25,207 23,400
NET CASH PROVIDED BY OPERATING
ACTIVITIES (86,761) 19,921
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of property and equipment (10,139) (2,807)
Purchase of investment securities (602,081) (658,812)
Proceeds from redemptions and
sales of investments 685,967 646,500
NET CASH USED BY INVESTING ACTIVITIES 73,747 (15,119)
INCREASE (DECREASE) IN CASH (13,014) 4,802
CASH, beginning of year 70,986 66,184
CASH, end of year $ 57,972 $ 70,986
See Notes to Financial Statements
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