G
M
A
R
E
C
I
N
A
E
M
A
I
R
C
S
N
A
W
I
N
N
I
N
G
B
A
C
K
O
P
P
O
R
T
U
N
I
T
Y
F
O
T
S
G
R
R
S
U
R
L
G
N
I
R
T
G
U
G
I
L
G
S
N
R
I
F
Y
T
O
T
R
U
G
G
L
I
N
R
N
U
T
Y
T
I
O
F
O
O
P
P
U
P
T
G
A
K
C
R
N
A
O
M
E
R
I
C
A
N
S
E
R
I
A
C
S
N
+
0
5
I
W
N
N
G
N
I
B
O
A
K
P
B
C
AARP FOUNDATION
N
I
I
W
N
G
N
CONSOLIDATED STATEMENT OF ACTIVITIES
0
N
5
+
I
R
A
S
For the years ended December 31, 2011 and 2010 (in thousands)
A
E
C
M
G
N
I
L
G
G
2011 2010
OPERATING REVENUE
T
U
S
R
F
R
O
Grant revenue
U
T
I
T
R
N
Y
Contributions
P
O
O
P
A
B
K
In-kind contributions
C
N
I
I
W
N
G
+
N
Investment income designated for operations
S
N
0
5
Other
R
E
M
A
C
I
G
A
T
G
U
R
L
G
N
Total operating revenue
I
EXPENSES
Program services:
SCSEP/WorkSearch 146,738
Tax-Aide 12,732
Legal Advocacy 4,759
Impact areas and other programs 18,275
Total program services 182,504
Supporting services:
Fundraising 13,149 12,043
Management and general 12,512 8,948
Total supporting services 25,661 20,991
Total expenses 192,225 203,495
$98,040
39,724
53,051
2,498
1,356
194,669
$142,289
30,737
31,704
2,625
172
207,527
124,276
14,842
4,867
22,579
166,564
R
I
L
S
E
V
B
A
C
K
Change in net assets from operations
+
A
H
I
P
O
P
E
P
P
O
R
T
U
N
I
T
Y
F
0
O
R
S
T
U
R
G
G
L
I
N
G
A
M
E
C
I
R
N
A
S
5
Other changes in net assets:
Investment income excluding
amounts designated for operations
Change in value of charitable gift annuities
2,444
4,032
( 2,612)
(362)
4,613
(179)
CHANGE IN NET ASSETS
NET ASSETS, BEGINNING OF YEAR
NET ASSETS, END OF YEAR
(530)
8,466
54,847
$63,313
N
G
B
A
C
K
O
P
P
O
R
T
U
N
I
T
Y
F
O
R
S
T
R
U
G
G
L
I
N
G
A
M
E
R
I
C
A
N
S
