If ASPCA received a $10 million pledge and the donor required the entire $10 million be spent on anticruelty programs, which type of net assets would increase? (2

)3.What program service had the highest expenses in 2014? How much was it? (4)

4.How much was ASPCAs total change in net assets for 2014? How much was it in 2013? Make sure you state whether they were positive or negative (4)

THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS Statement of Activities Year ended December 31, 2014 Temporarily restricted Permanently restricted Unrestricted Total $ 8,560,115 128,267,214 14,585,922 14,297,431 4,431,672 136,827,329 14,585,922 26,710,253 4,431,672 12,412,822 5,272,000 5.272.000 17,648,146 (17,648,146) 184,502,385 3,324,791 187,827,176 36,325,919 33,606,739 22,399,770 22,800,090 15,445,879 130,578,397 ||||| 11111 36,325,919 33,606,739 22,399,770 22,800,090 15,445,879 130,578,397 Operating support and revenues: Contributions, memberships, grants, and sponsorships Animal health services fees Bequests and trusts Royalties, licenses, and other Investment income designated for operations (note 3) Net assets released from restrictions (note 10) Total operating support and revenues Operating expenses (note 8): Program expenses: Animal health services Public education and communications Anticruelty programs Community Outreach Grants (note 9) Total program expenses Supporting expenses: Membership development and fund-raising Management and general Total supporting expenses Total operating expenses Change in net assets from operating activities Nonoperating activities: Investment return (less than) in excess of amounts designated for operations (note 3) Net (depreciation) appreciation on beneficial interest in trusts held by others (note 4) Contributions related to endowment (note 11) Pension-related charges other than net periodic pension cost (note 6) Change in net assets Net assets at beginning of year Net assets at end of year 35,542,646 9,069,156 35,542,646 9,069,156 44,611,802 44,611,802 175,190,199 175,190,199 9,312,186 3,324,791 12,636,977 (1,409,354) 382,807 (1,026,547) (267,247) 326,868 62,521 59,621 62,521 (3,029,274) 4,873,558 135,314,763 140,188,321 3,440,351 36,925,063 40,365,414 389,389 25,671,894 26,061,283 (3,029,274) 8,703,298 197,911,720 206,615,018 $ See accompanying notes to financial statements. THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS Statement of Activities Year ended December 31, 2013 Temporarily restricted Permanently restricted Unrestricted Total $ 4,830,635 118,331,712 14,649,039 6,665,510 3,798,762 12,630,293 123,162,347 14,649,039 19,295,803 3,798,762 5,143,000 5,143,000 16,648,149 (16,648,149) 165,236,172 812,779 166,048,951 34,770,721 33,009,627 22,730,232 20,847,140 18,112,859 129,470,579 34,770,721 33,009,627 22,730,232 20,847,140 18,112,859 129,470,579 Operating support and revenues: Contributions, memberships, grants, and sponsorships Animal health services fees Bequests and trusts Royalties, licenses, and other Investment income designated for operations (note 3) Net assets released from restrictions (note 10) Total operating support and revenues Operating expenses (note 8): Program expenses: Animal health services Public education and communications Anticruelty programs Community Outreach Grants (note 9) Total program expenses Supporting expenses: Membership development and fund-raising Management and general Total supporting expenses Total operating expenses Change in net assets from operating activities Nonoperating activities: Investment return in excess of amounts designated for operations (note 3) Net appreciation on beneficial interest in perpetual trusts held by others (note 4) Contributions related to beneficial interests in trusts and endowment (note 4) Pension-related charges other than net periodic pension cost (note 6) Change in net assets Net assets at beginning of year Net assets at end of year 33,548,939 9.200.071 33,548,939 9,200,071 42,749,010 172,219,589 42,749,010 172,219,589 (6,983,417) 812,779 (6,170,638) 11,690,631 1,151,898 12,842,529 1,790,018 1,790,018 356,042 790,248 1,146,290 2,320,719 2,852,384 7,559,598 127,755,165 135,314,763 2,852,384 12,460,583 185,451,137 197,911,720 2,580,266 23,091,628 25,671,894 34,604,344 36,925,063 S See accompanying notes to financial statements. THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS Balance Sheets December 31, 2014 and 2013 Assets 2014 2013 $ 14,434,579 11,280,361 11,651,379 7,903,130 4,536,182 3,702,250 134,079,712 20,781,144 44,326,842 233,141,070 4,331,167 3,064,644 131,608,338 20,662,160 45,377,230 224,598,048 $ Cash and cash equivalents Bequests and contributions receivable Other receivables, net of allowance of $223,000 in 2014 and $247,000 in 2013 Prepaid expenses and other assets Investments (note 3) Beneficial interest in trusts held by others (note 4) Land, building, and equipment, net (note 5) Total assets Liabilities and Net Assets Liabilities: Accounts payable and accrued expenses Grants payable Deferred rent and other (note 7) Annuity obligations Unfunded pension obligation (note 6) Total liabilities Commitments and contingencies (note 7) Net assets (notes 10 and 11): Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets 9,476,729 2,928,818 3,464,110 5,046,642 5,609,753 26,526,052 13,713,168 2,468,190 2,909,569 4,490,881 3,104,520 26,686,328 140,188,321 40,365,414 26,061,283 206,615,018 233,141,070 135,314,763 36,925,063 25,671,894 197,911,720 224,598,048 See accompanying notes to financial statements. THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS Statement of Activities Year ended December 31, 2014 Temporarily restricted Permanently restricted Unrestricted Total $ 8,560,115 128,267,214 14,585,922 14,297,431 4,431,672 136,827,329 14,585,922 26,710,253 4,431,672 12,412,822 5,272,000 5.272.000 17,648,146 (17,648,146) 184,502,385 3,324,791 187,827,176 36,325,919 33,606,739 22,399,770 22,800,090 15,445,879 130,578,397 ||||| 11111 36,325,919 33,606,739 22,399,770 22,800,090 15,445,879 130,578,397 Operating support and revenues: Contributions, memberships, grants, and sponsorships Animal health services fees Bequests and trusts Royalties, licenses, and other Investment income designated for operations (note 3) Net assets released from restrictions (note 10) Total operating support and revenues Operating expenses (note 8): Program expenses: Animal health services Public education and communications Anticruelty programs Community Outreach Grants (note 9) Total program expenses Supporting expenses: Membership development and fund-raising Management and general Total supporting expenses Total operating expenses Change in net assets from operating activities Nonoperating activities: Investment return (less than) in excess of amounts designated for operations (note 3) Net (depreciation) appreciation on beneficial interest in trusts held by others (note 4) Contributions related to endowment (note 11) Pension-related charges other than net periodic pension cost (note 6) Change in net assets Net assets at beginning of year Net assets at end of year 35,542,646 9,069,156 35,542,646 9,069,156 44,611,802 44,611,802 175,190,199 175,190,199 9,312,186 3,324,791 12,636,977 (1,409,354) 382,807 (1,026,547) (267,247) 326,868 62,521 59,621 62,521 (3,029,274) 4,873,558 135,314,763 140,188,321 3,440,351 36,925,063 40,365,414 389,389 25,671,894 26,061,283 (3,029,274) 8,703,298 197,911,720 206,615,018 $ See accompanying notes to financial statements. THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS Statement of Activities Year ended December 31, 2013 Temporarily restricted Permanently restricted Unrestricted Total $ 4,830,635 118,331,712 14,649,039 6,665,510 3,798,762 12,630,293 123,162,347 14,649,039 19,295,803 3,798,762 5,143,000 5,143,000 16,648,149 (16,648,149) 165,236,172 812,779 166,048,951 34,770,721 33,009,627 22,730,232 20,847,140 18,112,859 129,470,579 34,770,721 33,009,627 22,730,232 20,847,140 18,112,859 129,470,579 Operating support and revenues: Contributions, memberships, grants, and sponsorships Animal health services fees Bequests and trusts Royalties, licenses, and other Investment income designated for operations (note 3) Net assets released from restrictions (note 10) Total operating support and revenues Operating expenses (note 8): Program expenses: Animal health services Public education and communications Anticruelty programs Community Outreach Grants (note 9) Total program expenses Supporting expenses: Membership development and fund-raising Management and general Total supporting expenses Total operating expenses Change in net assets from operating activities Nonoperating activities: Investment return in excess of amounts designated for operations (note 3) Net appreciation on beneficial interest in perpetual trusts held by others (note 4) Contributions related to beneficial interests in trusts and endowment (note 4) Pension-related charges other than net periodic pension cost (note 6) Change in net assets Net assets at beginning of year Net assets at end of year 33,548,939 9.200.071 33,548,939 9,200,071 42,749,010 172,219,589 42,749,010 172,219,589 (6,983,417) 812,779 (6,170,638) 11,690,631 1,151,898 12,842,529 1,790,018 1,790,018 356,042 790,248 1,146,290 2,320,719 2,852,384 7,559,598 127,755,165 135,314,763 2,852,384 12,460,583 185,451,137 197,911,720 2,580,266 23,091,628 25,671,894 34,604,344 36,925,063 S See accompanying notes to financial statements. THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS Balance Sheets December 31, 2014 and 2013 Assets 2014 2013 $ 14,434,579 11,280,361 11,651,379 7,903,130 4,536,182 3,702,250 134,079,712 20,781,144 44,326,842 233,141,070 4,331,167 3,064,644 131,608,338 20,662,160 45,377,230 224,598,048 $ Cash and cash equivalents Bequests and contributions receivable Other receivables, net of allowance of $223,000 in 2014 and $247,000 in 2013 Prepaid expenses and other assets Investments (note 3) Beneficial interest in trusts held by others (note 4) Land, building, and equipment, net (note 5) Total assets Liabilities and Net Assets Liabilities: Accounts payable and accrued expenses Grants payable Deferred rent and other (note 7) Annuity obligations Unfunded pension obligation (note 6) Total liabilities Commitments and contingencies (note 7) Net assets (notes 10 and 11): Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets 9,476,729 2,928,818 3,464,110 5,046,642 5,609,753 26,526,052 13,713,168 2,468,190 2,909,569 4,490,881 3,104,520 26,686,328 140,188,321 40,365,414 26,061,283 206,615,018 233,141,070 135,314,763 36,925,063 25,671,894 197,911,720 224,598,048 See accompanying notes to financial statements