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The Board Takes Action (April 2011)

by NASW Staff

January 2011

Board's Action

Context

Finances

Received the financial statements as of Dec. 31, 2010.

As of Dec. 31, NASW’s total asset position was $14.6 million. In comparison to December 2009, cash increased by $683,000 and long-term investments by $1.1 million. Liabilities and deferred revenue decreased by $593,000 when compared to the same time last year. Total operating revenue exceeded operating expenses by $2 million, resulting in a $1.8 million positive change to net operating income from the prior year.

Approved Form 990.

Form 990 for the fiscal year that ended June 30, 2010, showed total revenue of $17.6 million.

 

Notes: An action by the board to "receive" a report does not imply approval of the report in its entirety. Specifically, recommendations for board action included in a report are not adopted unless the board takes specific action to approve them. This list may not necessarily contain all actions the board took and actions that are reported elsewhere in the News.

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