Financials
Financial Summary
| ($ in Thousands) | ||||
| Statement of Financial Position | 2015 | 2014 | ||
|---|---|---|---|---|
| Statement of Financial Position | ACS Programs |
Petroleum Research Fund |
2014 Total | 2013 Total |
| ASSETS | ||||
| Cash and Cash Equivalents | $42,409 | $20,174 | $62,583 | $54,864 |
| Accounts and Pledges Receivable | 125,122 | - | 125,122 | 116,753 |
| Investments | 470,000 | 513,687 | 983,687 | 1,042,293 |
| Buildings, Land, and Other Property | 109,759 | 87 | 109,846 | 106,146 |
| Interfund (Payable) Receivable | (13,788) | 13,788 | - | - |
| Other | 25,900 | 52 | 25,952 | 24,162 |
| Total Assets | $759,402 | $547,788 | $1,307,190 | $1,344,218 |
| Statement of Financial Position | 2015 ACS Programs | 2015 Petroleum Research Fund | 2015 Total | 2014 Total |
| LIABILITIES AND NET ASSETS | ||||
|---|---|---|---|---|
| LIABILITIES | ||||
| Accrued Expenses and Accounts Payable | $65,021 | $13,397 | $78,418 | $83,077 |
| Deferred Revenues | 197,119 | - | 197,119 | 187,101 |
| Short and Long-Term Debt | - | - | - | 853 |
| Postretirement Benefits and Other | 189,721 | 4,345 | 194,066 | 225,748 |
| Total Liabilities | 451,861 | 17,742 | 469,603 | 496,779 |
| Statement of Financial Position | 2015 ACS Programs | 2015 Petroleum Research Fund | 2015 Total | 2014 Total |
|---|---|---|---|---|
| NET ASSETS | ||||
| Unrestricted | 202,321 | - | 202,321 | 190,103 |
| Temporarily Restricted | 39,686 | 457,546 | 497,232 | 508,648 |
| Permanently Restricted | 65,534 | 72,500 | 138,034 | 148,688 |
| Total Net Assets | 307,541 | 530,046 | 837,587 | 847,439 |
| Total Liabilities and Net Assets | $759,402 | $547,788 | $1,307,190 | $1,344,218 |
| Statement of Activities | 2015 | 2014 | ||
|---|---|---|---|---|
| Statement of Activities | ACS Programs |
Petroleum Research Fund |
2014 Total | 2013 Total |
| REVENUES | ||||
| Electronic Services | $447,010 | $- | $447,010 | $436,084 |
| Dues | 12,003 | - | 12,003 | 12,102 |
| Registration Fees and Booth Sales | 10,457 | - | 10,457 | 10,744 |
| Member Insurance Premiums, Refunds, and Fees | 9,923 | - | 9,923 | 13,805 |
| Investment Income | 9,216 | 83 | 9,299 | 9,535 |
| Advertising | 7,227 | - | 7,227 | 8,073 |
| Printed Services | 3,859 | - | 3,859 | 4,740 |
| Net Assets Released from Restriction | 6,566 | 23,226 | 29,792 | 29,113 |
| Other | 6,176 | - | 6,176 | 6,520 |
| Total Unrestricted Revenues | 512,437 | 23,309 | 535,746 | 530,716 |
| Statement of Activities | 2014 ACS Programs | 2014 Petroleum Research Fund | 2014 Total | 2013 Total |
|---|---|---|---|---|
| EXPENSES | ||||
| Information Services | 382,180 | - | 382,180 | 376,136 |
| Member Programs and Services | 45,292 | - | 45,292 | 43,261 |
| Member Insurance Program | 16,502 | - | 16,502 | 15,517 |
| Grants and Awards | 3,544 | 21,483 | 25,027 | 24,996 |
| Administrative | 46,870 | 1,826 | 48,696 | 44,906 |
| Other | 7,611 | - | 7,611 | 7,754 |
| Total Expenses | 501,999 | 23,309 | 525,308 | 512,570 |
| Statement of Activities | 2015 ACS Programs | 2015 Petroleum Research Fund | 2015 Total | 2014 Total |
|---|---|---|---|---|
| Net Contribution | 10,438 | - | 10,438 | 18,146 |
| Net Investment (Losses)/Gains | (16,985) | - | (16,985) | 15,428 |
| Change in Pension Funding Status | 18,765 | - | 18,765 | (94,201) |
| Change in Unrestricted Net Assets | 12,218 | - | 12,218 | (60,627) |
| Contributions | 5,558 | - | 5,558 | 4,139 |
| Investment Income and Net Investment (Losses) / Gains | (535) | 2,698 | 2,163 | 37,176 |
| Net Assets Released From Restriction | (6,565) | (23,226) | (29,791) | (29,113) |
| Change in Restricted Net Assets | (1,542) | (20,528) | (22,070) | 12,202 |
| Change in Total Net Assets | 10,676 | (20,528) | (9,852) | (48,425) |
| Beginning Total Net Assets | 296,865 | 550,574 | 847,439 | 895,864 |
| Ending Total Net Assets | $307,541 | $530,046 | $837,587 | $847,439 |