“This year, we had a greater focus around upgrading talent, restructuring our policies and procedures, and realigning our internal resources to enhance and improve the customer experience across our products, services, and outreach. We would not have been able to accomplish these goals and fulfill our mission to strengthen the social sector without the generous support of our donors and our loyal customers.”

Listen to Monisha de Quadros, Vice President for Financial Strategy, speak more about our 2017 Financial Highlights.

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Year Ended December 31, 2017

Revenues and Expenses

  • 50.5% ($11,627,587)
    Product Revenues
  • 36.1% ($8,309,627)
    Foundations and Corporate Contributions
  • 12.8% ($2,942,348)
    Program Service and Other Fees
  • 0.6% ($143,372)
    Investment Return

  • 32.2% ($7,203,448)
    Data collection and publications
  • 21.8% ($4,879,877)
    Research and other programs
  • 21.1% ($4,717,115)
    Regional hubs and other public services
  • 20.8% ($4,655,873)
    Management and general
  • 4.1% ($905,539)
    Fundraising
Balance Sheets
Assets20172016
Cash$155,612159,360
Investments29,576,98025,130,775
Accounts and grants receivable, net2,853,9653,608,402
Prepaid expenses and other assets351,749584,080
Property and equipment, net9,716,89911,515,309
TOTAL ASSETS$42,655,20540,997,926
Liabilities and Net Assets20172016
LIABILITIES:
Accounts payable and accrued expenses$932,186845,233
Deferred revenue6,698,2205,896,680
Loan payable1,268,2601,546,377
Deferred rent4,206,7694,364,564
Postretirement healthcare benefits1,935,3331,913,304
TOTAL LIABILITIES15,040,76814,566,158
NET ASSETS:
Unrestricted18,742,78618,369,348
Temporarily restricted7,157,6516,348,420
Permanently restricted1,714,0001,714,000
TOTAL NET ASSETS27,614,43726,431,768
TOTAL LIABILITIES AND NET ASSETS$42,655,20540,997,926
ASSETS

Cash

$155,612
$159,360

Investments

$29,576,980
$25,130,775

Property and equipment, net

$9,716,899
$11,515,309

TOTAL ASSETS

$42,655,205
$40,997,926
Liabilities and Net Assets

Deferred revenue

$6,698,220
$5,896,680

Loan payable

$1,268,260
$1,546,377

Deferred rent

$4,206,769
$4,364,564

TOTAL LIABILITIES

$15,040,768
$14,566,158

Unrestricted

$18,742,786
$18,369,348

Temporarily restricted

$7,157,651
$6,348,420

Permanently restricted

$1,714,000
$1,714,000

TOTAL NET ASSETS

$27,614,437
$26,431,768

TOTAL LIABILITIES AND NET ASSETS

$42,655,205
$40,997,926
Statements of Change in Unrestricted Net Assets
Operating FundCapital FundLong-Term Investment and Special Purpose Fund20172016
REVENUE AND SUPPORT:
Foundation and corporate contributions$2,961,8132,961,8132,360,443
Product revenues11,627,58711,627,58711,193,704
Program service and other fees2,942,3482,942,3483,192,282
Investment return20,3312,097,6802,118,011975,779
Rental income123,041123,041
Net assets released from restrictions5,347,81412,2865,360,1007,517,476
TOTAL REVENUE AND SUPPORT$23,022,93412,2862,097,68025,132,90025,239,684
EXPENSES:
PROGRAM SERVICES:
Data collection and publications7,203,448853,1088,056,5569,006,388
Library/learning centers and other public services4,717,115346,2685,063,3835,488,868
Research and other programs4,879,877553,2275,433,1045,127,573
TOTAL PROGRAM SERVICES16,800,4401,752,60318,553,04319,622,829
SUPPORTING SERVICES:
General and administrative4,655,873473,2725,129,1456,512,350
Fundraising905,539128,1611,033,7001,065,424
TOTAL SUPPORTING SERVICES5,561,412601,4336,162,8457,577,774
TOTAL EXPENSES22,361,8522,354,03624,715,88827,200,603
Excess/(Deficiency) of Revenue and Support Over Expenses Before Other Items661,082(2,341,750)2,097,680417,012(1,960,919)
Transfer of acquisition of furniture, equipment, capitalized software and leasehold improvements funded from operations(543,340)543,340
Postretirement changes other than net periodic benefit cost(43,574)(43,574)216,690
CHANGE IN UNRESTRICTED NET ASSETS$117,742(1,798,410)2,054,106373,438(1,744,229)
REVENUES AND SUPPORT:

Foundation and corporate contributions

$2,961,813
$2,961,813
$2,360,443

Product revenues

$11,627,587
$11,627,587
$11,193,704

Program service and other fees

$2,942,348
$2,942,348
$3,192,282

Investment return

$20,331
$2,097,680
$2,118,011
$975,779

Rental income

$123,041
$123,041

Net assets released from restrictions

$5,347,814
$12,286
$5,360,100
$7,517,476

TOTAL REVENUE AND SUPPORT

$23,022,934
$12,286
$2,097,680
$25,132,900
$25,239,684

Data collection and publications

$7,203,448
$853,108
$8,056,556
$9,006,288

Library/learning centers and other public services

$4,717,115
$346,268
$5,063,383
$5,488,868

Research and other programs

$4,879,877
$553,227
$5,433,104
$5,127,573

TOTAL PROGRAM SERVICES

$16,800,440
$1,752,603
$18,553,043
$19,622,829

General and administrative

$4,655,873
$473,272
$5,129,145
$6,512,350

Fundraising

$905,539
$128,161
$1,033,700
$1,065,424

TOTAL SUPPORTING SERVICES

$5,561,412
$601,433
$6,162,845
$7,577,774

TOTAL EXPENSES

$22,361,852
$2,354,036
$24,715,888
$27,200,603

Excess/(Deficiency) of Revenue and Support Over Expenses Before Other Items

$661,082
$(2,341,750)
$2,097,680
$417,012
$(1,960,919)

CHANGE IN UNRESTRICTED NET ASSETS

$117,742
$(1,798,410)
$2,054,106
$373,438
$(1,744,229)
Statements of Change in Net Assets
20172016
Change in unrestricted net assets$373,438(1,744,229)
Changes in temporarily restricted net assets:
Foundation and corporate contributions5,649,3036,327,153
Investment return25,94326,036
Net appreciation (depreciation) on donor-restricted endowment494,085122,408
Net assets released from restrictions:
For operating activities(5,347,814)(7,209,311)
For capital purposes(12,286)(308,165)
Change in Temporarily Restricted Net Assets809,231(1,041,879)
Change in Net Assets1,182,669(2,786,108)
NET ASSETS AT BEGINNING OF YEAR26,431,76829,217,876
NET ASSETS AT ENDING OF YEAR$27,614,43726,431,768

Investment return

$25,943
$26,036

Net appreciation (depreciation) on donor-restricted endowment

$494,085
$122,408

For operating activities

$(5,347,814)
$(7,209,311)

For capital purposes

$(12,286)
$(308,165)

Change in Net Assets

$1,182,669
$(2,786,108)

NET ASSETS AT BEGINNING OF YEAR

$26,431,768
$29,217,876

NET ASSETS AT ENDING OF YEAR

$27,614,437
$26,431,768