2010-11 Statement of Activities

2011 Annual Report Banner 

With Comparative Totals for the Year Ended September 30, 2010 

 

 
2011
 
2010
 

Support and Revenues 

 

 

Accreditation Fees

$ 6,535,840 

$ 6,270,843

In-Kind Contributions

6,653,135 

3,543,113

Assessments - Member Societies

1,411,225 

1,393,675

Professional Service Revenues

526,197 

580,645

Science Screen Report Contributions

29,825 

84,795

Government Grants

 

4,026

Interest Income

1,915 

27,138

Other Revenue

8,258 

2,233

Executive Meeting Revenues

1,834 

1,370

Net Assets Released from Restrictions

  

Total Support and Revenues

15,168,229 

11,907,838

Expenses 

 

 

Accreditation

 

 

Operational

 2,948,212 

2,851,243

In-Kind

6,653,135 

3,543,113

Total Accreditation

9,601,347 

6,394,356

Professional Services

1,521,020 

1,121,869

Governance

800,544 

861,932

Special Projects

  

8,482

Planning and Operations

2,275,409 

1,943,357

Total Expenses

14,198,320 

10,329,996

Increase (Decrease) in Net Assets

969,909 

1,577,842

Net Assets, Beginning of Year

3,522,505 

1,944,663

Net Assets, End of Year 

$  4,492,414 

$ 3,522,505

See accompanying Notes to Financial Statements. 

Featured ABET Event

ABET Facts

Accredited Programs at HBCUs

Howard University was the first historically black college or university to have ABET-accredited programs. ABET's predecessor, the Engineers' Council for Professional Development, accredited three engineering programs there in 1937.