National Nurses United

Audit + Index_FINAL 12/30/09 2:16 PM Page 15 CALIFORNIA NURSES ASSOCIATION COMPARATIVE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2008 AND 2007 CALIFORNIA NURSES ASSOCIATION COMPARATIVE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JUNE 0, 28, , 7 AND 8, , l 2008 8, , l Unrestricted Undesignated Revenues, Gains, and Other Support: Dues and Fees Investment Income Gain (Loss) on Investments Other Income $ Total Revenues, Gains, and Other Support 55,946,544 875,371 (75,174) 237,033 Unrestricted Designated $ Totals $ 59,772,360 875,371 (75,174) 246,384 ReG enues2 h ains2and Ot: er Support$ Dues and Fees InG estment Income h ain (Loss) on InG estments Ot: er Income 60,818,941 3,825,816 9,351 56,983,774 Undesignated Totav ReG enues2 h ains2 and Ot: er Support 5 Designated 392 7402 6 6, 9902 , 6 l 912 1l , 8642 178 5 12 0l 2 l 67l 0012 , , , Totav s 5 182 1142 769 9902 , 6 l 912 1l , 9892 178 Expenses and Losses: Salaries and Wages Employee Benefits Reimbursed Expenses Professional Fees & Services Promotional Records & Data Processing Newsletters and Publications Charitable Donations & Awards Equipment Research Representational Expenses Staff Leadership & Development Insurance Office Expense Building - Occupancy Expenses House of Delegates MSNA Trust Support Political Activities 18,792,276 6,275,496 1,031,899 3,204,711 523,544 1,239,460 565,588 157,965 567,046 337,196 6,584,051 2,625,440 72,853 2,183,502 1,538,027 - 1,772,425 225 933,166 773,942 18,792,276 6,275,496 1,031,899 3,204,711 523,544 1,239,460 565,588 157,965 567,046 337,196 6,584,051 2,625,440 72,853 2,183,502 1,538,027 1,772,425 225 933,166 773,942 Total Expenses and Losses 45,699,054 3,479,758 3l 2 7032 81l 92 l 82 , 67l 102 l 2 6, 833 Expenses and Losses$ Sav aries and Wages Empv oyee Benefits Reimbursed Expenses Professionav Fees & SerG ices Promotionav Records & Data Processing Newsv etters and Pubv ications C: aritabv Donations & Awards e Equipment Researc: Representationav Expenses Staff Leaders: ip & DeG opment ev Insurance Office Expense Buiv ding - Occupancy Expenses House of Dev egates Support Pov iticav ActiG ities 412 8, 2 0 l 8, 12 8392 438 60, 2 938 42 0112 383 3912 483 7112 38l l 372 634 8062 66 l 0l 42 76, 8732 77 l 32 2 78, 991 32 8l 2 , 619 l 32 996 82 42 l 8, 3, 42 3142 776 - 8, , 6, , 2 , , l 12 4012 490 412 8, 2 0 l 8, 12 8392 438 60, 2 938 42 0112 383 3912 483 7112 38l l 372 634 8062 66 l 0l 42 76, 8732 77 l 32 2 78, 991 32 8l 2 , 619 l 32 996 82 42 l 8, 3, 42 3142 776 8, , 6, , 2 , , l 12 4012 490 Totav Expenses and Losses 3,835,167 072 632 l 699 92 092 90 , , 332 7042 86 , 62 062 , 864 092 683 62 l 92 , 841 412 , 2 7, 834 02 2 46l 099 472 2 l 66l 9, 49,178,812 C: ange in Net Assets Change in Net Assets 11,284,720 11,640,129 Net Assets at Beginning of Year Net Assets at Beginning of Year Net Assets at End of Year 355,409 24,839,532 3,234,290 28,073,822 Net Assets at End of Year $ 36,124,252 $ 3,589,699 5 See Accompanying Notes and Independent Auditor's Report -3- 5 02 8032 86, 5 872 l 02 , 788 See Accompanying Notes and Independent Auditor's Report -3- CALIFORNIA NURSES ASSOCIATION STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 2008 AND 2007 CASH FLOWS FROM OPERATING ACTIVITIES Increase/(Decrease) in Net Assets Adjustments to Reconcile Change in Net Assets to Net Cash Provided By Operating Activities Depreciation Net Realized and Unrealized (Gain) or Loss on Investments Non-Cash Transactions Resulting in Expense (Increase)/Decrease in: Dues and Fees Receivable Other Receivables Prepaid Expenses Assets Designated for Specific Programs Increase/(Decrease) in: Accounts Payable Dues Collected in Advance Accrued Compensated Absences 832 7062 108 39,713,951 CALIFORNIA NURSES ASSOCIATION NOTES TO FINANCIAL STATEMENTS 2008 $ 11,640,129 2007 $ 9,076,215 623,538 497,569 75,174 - (65,057) 1,488 Note 1 - Summary of Organization and Significant Accounting Policies Summary of the Organization 167,313 (209,832) 58,919 63,487 (392,584) (4,748) 786,526 Net Cash Provided by Operating Activities (637,357) (58,447) (135,419) 1,051,076 74,845 (5,890) 556,500 12,807,922 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of Fixed Assets Purchase of Investments Proceeds from Sale of Investments 10,355,523 (617,974) (479,314) 503,075 (594,213) 24,000 (151,493) (147,529) CASH FLOWS FROM FINANCING ACTIVITIES Loans Repaid from other Organizations Principal Payments on Mortgages (1,132,569) 14,000 (161,529) Net Cash Used in Investing Activities (1,186,507) (315,108) 369,046 Incorporated on October 4, 1907 under the Laws of the State of California, the California Nurses Association (CNA) is a member organization exempt from federal and state income and franchise taxes. The Organization represents the interests of registered nurses throughout the State of California and advocates for patients and health care consumers for improved health care services. The purpose of CNA is to foster high standards of nursing practice, promote the professional and educational advancement of nurses, and promote the general welfare of nurses through collective bargaining and organizing. With 14 geographical regions the House of Delegates is the governing body of CNA and convenes every other year at which time the House votes on any bylaws changes and by adopting resolutions, sets and formulates basic policies and priorities for CNA. The House is made up of accredited Delegates elected by ballot from each region plus all CNA Board members. The Board, consisting of four titled Officers elected by statewide ballot and Directors elected by ballot from each region, carries out and formulates policy when the House is not in session. All Delegates, Officers, and Directors must be members of CNA. The number of Delegates and Directors, representing the members of their respective region, varies based upon the number of facility-based sub-groupings for a particular region. CNA members also elect the Ballot Committee, responsible for overseeing the conduct of CNA's elections and the Joint Nursing Practice Commission, which make policy recommendations to the Board. (127,493) The Organization owns and occupies its four-story headquarters building located in Oakland, California. CNA maintains five satellite offices throughout the State of California, one office in Austin, Texas, and one office in Chicago, Illinois. The significant accounting policies of CNA are as follows: Basis of Accounting Net Cash Used in Financing Activities Net Increase/(Decrease) in Cash and Cash Equivalents 12,066,180 Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year 9,095,461 22,689,221 13,593,760 $ 34,755,401 $ 22,689,221 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash Paid for Interest $ 2008 178,444 $ 2007 188,481 See Accompanying Notes and Independent Auditor's Report -5- NOVEMBER | DECEMBER 2009 The financial statements of CNA have been prepared using the accrual basis of accounting in accordance with generally accepted accounting principles. Consequently, revenues, gains and other support are recognized when earned and expenses and losses are recognized when the related obligation is incurred. Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. -6- W W W. C A L N U R S E S . O R G REGISTERED NURSE 15

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