American Oriental Society
FOUNDED 1842
Balance Sheet_____________December 31, 1994
NAME 1994 1993
SECURITIES AT COST 717,284.19 658,389.80
PRUDENTIAL COMMAND ACCT 90,026.00 139,780.00
CASH IN PRUDENTIAL ACCT 1,006.83 (16,168.81)
INVENTORY 97,780.40 87,012.81
FIRST AMERICA CHECKING 44,041.64 41,677.40
REPUBLIC BANK 2,469.87 2,396.96
SHAWMUT BANK CHECKING 7,337.65 13,627.81
CENTER BANK 228.40 301.71
DRESDNER BANK 532.11 556.97
PREPAID YALE AGENCY ACCT 529.07 178.25
PREPAID U MICH AGY ACCT (1,076.93) (3,185.60)
PETTY CASH 25.00 25.00
LOAN TO OFFICE SEC'Y 1,500.00 2,000.00
========== ===========
<TOTAL> $ 961,684.23 $ 926,592.32
CAPITAL FUNDS
Named Funds 21,300.00 21,300.00
Reserve Fund 1,500.00 1,500.00
Nies Fund 4,122.86 4,122.86
F J. Stephens Fund 9,612.77 9,612.77
Upton Fund 567.82 567.82
M J Cameron Fund 25,000.00 25,000.00
P Barbour Fund 40,000.00 40,000.00
L M Hackney Fund 50,768.55 50,768.55
CAPITAL GAINS FUND 326,510.81 303,111.96
LIFE MEMBER FUND 36,897.76 36,897.76
RESTRICTED GIFTS FUND 48,047.66 47,787.66
FOUNDERS FUND 6,751.00 4,701.00
PATRONS FUND 5,210.00 3,715.00
GENERAL ACCOUNT 158,817.98 149,780.27
JOURNAL ACCOUNT 22,749.50 19,002.07
SERIES PUBL ACCOUNT 145,695.61 136,651.72
AOS TRANSL SERIES ACCT 28,171.48 28,171.48
LIBRARY ACCOUNT 960.50 524.19
SEC'Y-TREASURER ACCOUNT 16,287.26 31,666.17
AFFILIATED ORGANIZATIONS 1,652.89 1,317.89
COMMITTEES ACCOUNT 1000.00 1,000.00
CONTINGENCY ACCOUNT 1000.00 1,000.00
HACKNEY SCHOLARSHIP ACCT 9,059.78 8,393.15
========== =========
<TOTAL> $ 961,684.23 $ 926,592.32
AMERICAN ORIENTAL SOCIETY
1994 END OF YEAR SECURITY VALUES
NAME COST MARKET
-----------------------------------------------------------------
2500 SHS ALLI WRLD DOLL GOVT FND II $ 40366.59 $ 24687.50
2176 SHS ALLI WRLD DOLL GOVT FUND 40610.76 24752.00
100 SHS ARISTOTLE CORP NEW 18607.00 412.50
200 SHS BIOMET INC 2130.80 2800.00
25 UNITS CORP INCOME FUND INC 11724.47 14043.50
300 SHS CUSTOMEDIX 5164.43 806.40
826 SHS CV REIT INC 15780.55 7434.00
35 SHS DEUTSCHE BANK 14988.02 16257.89
440 SHS DOMINION RESOURCES 17943.93 15840.00
2000 SHS EMERGING GERMANY FUND 15980.47 14750.00
4212.4 SHS FED GOVT INC SEC 39723.63 35047.24
1000 SHS FIFTY OFF STORES INC 7506.00 3125.00
5250 SHS FOSTERS BRWING GRP 10590.00 4558.05
1500 SHS FREEPORT MCMORAN RESOURCE 27279.34 21937.50
665 SHS GENERAL PUBLIC UTILITIES 18062.66 17456.25
4850 SHS GLOBAL INC PLUS FUND 48196.37 38800.00
3333 SHS HIGH INC ADV TRST I 20731.26 17914.88
4000 SHS HIGH INC ADV TRST II 22349.97 23000.00
183 SHS HILCOAST DVLPT CORP 0.00 869.25
16 SHS HOME DEPOT INC 637.33 736.00
1700 SHS HYPERION TOTL RETRN FUND 19796.11 13600.00
2000 SHS INTEGRATED WASTE SVCS 5498.25 8500.00
20M SHS MBF HOLDINGS BERHAD 9616.56 13236.00
1623 SHS METLIFE STATE RES. 20011.59 18859.26
2500 SHS MULTIMARKET INCOME FND 19099.44 15312.50
800 SHS NEW PLAN REALTY 17996.68 15600.00
1151.9 SHS PIMCO ADV PREC MET FUND 10016.83 13466.46
3000 SHS PRUD INTERM GLB INC FUND 29261.17 21960.00
2000 SHS PRUDENTIAL RLTY TRST INC 11820.37 7500.00
1000 SHS STEIN MART INC 18920.41 12750.00
1000 SHS SUMMIT TECHN INC 35702.00 28750.00
2300 SHS TEMPLETON GBL INCOME FND 19534.16 14950.00
400 SHS TEXAS UTIL ELEC CO 7.22 PRF 10000.00 8000.00
1000 SHS VIDEO SENTRY CORP 6372.02 6000.00
---------- ----------
<TOTAL> 612019.17 483712.18
$16M AMOCO CAN CV, 7.35% 9/13 18160.02 18400.00
$10M BRWNG-FERRIS CV 6.25% 8/12 10987.50 9125.00
$10M CATERPL INC. 9.375% 8/11 10187.50 10100.00
$20M GOVT TRUST CERT, 5/04 6585.40 9479.50
$20M RESOL FUNDING CORP 10/07 8304.00 7231.80
$20M US TREAS STRIP 11/08 6830.00 6725.00
$20M US TREAS STRIP 5/05 7177.40 8912.60
$20M US TREAS STRIP 8/06 7033.20 8037.60
---------- ----------
<TOTAL> 75265.02 78011.50
$30M PRIME PLUS REALTY 30000.00 21223.36
=========== ===========
<GND-TOTAL> $ 717284.19 $ 582947.04
=========== ===========
American Oriental Society
FOUNDED 1842
Changes in Account Balances for 1994
**General Account **
Balance January 1, 1994 $ 149,780.27
Dues less refunds $ 45,007.50
Income from investments, etc. 42,812.79
Misc. contributions from members 955.00 88,775.29
==========
238,555.56
Appropriations to other accounts 32,000.00
Adjustment to return of capital 1994 3,438.46
Adjustment to return of capital 1990-93 14,076.33
Taxes and bank fees 460.88
Postage and mailing permits 3,481.11
Transfer of dues share to Journal Account 18,280.80
Transfer of income share to Hackney
Scholarship Acct 8,000.00 (79,737.58)
==========
$ 158,817.88
** Life Member Fund **
Balance January 1, 1994 $36,897.76
No transaction in 1994
** Restricted Gifts Fund **
Balance January 1, 1994 $47,787.66
Gifts received 260.00
=========
$48,047.66
** Founders Fund **
Balance January 1, 1994 $4,701.00
Gifts received 2,050.00
========
$6,751.00
** Patrons Fund **
Balance January 1, 1994 $3,715.00
Gifts received 1,495.00
========
$5,210.00
** Journal Account **
Balance January 1, 1994 $19,002.07
Subscriptions less refunds 47,411.95
Share of dues from General Account 18,280.80
Sales of back issues 242.36
Nies Fund Income 509.45
Advertising 225.00
Royalties 1,377.48 68,047.04
=========
87,049.11
Publishing expenses (3.5 issues) 55,265.13
Postage and freight 2,793.85
Editors' expenses 3,990.63
Honoraria 2,250.00 (64,299.61)
=========
$22,749.50
**Series Publications **
Balance January 1, 1994 $136,651.72
Subvention Vol. 78 5,000.00
Sales 9,771.50
Royalties 103.32
Increase in inventory 16,526.25 31,401.07
==========
168,052.79
Print Volume 76 2,420.65
Print Volume 77 1,854.64
Compose & Print Volume 78 12,323.21
Decrease in inventory 5,758.68 (22,357.18)
==========
$ 145,695.61
** AOS Translation Series **
Balance January 1, 1994 $ 28,171.48
No transactions in 1994
** Library Account **
Balance January 1, 1994 $524.19
Appropriation 1,000.00
Student help (563.69)
========
$ 960.50
** Affiliated Organizations **
Balance January 1, 1994 $1,317.89
Appropriation from General Account 1,000.00
========
2,317.89
Dues International Union of Orientalists 115.00
Subvention Midwest Branch AOS 200.00
Subvention Western Branch AOS 350.00 (665.00)
======
$ 1,652.89
** Hackney Scholarship Account **
Balance January 1, 1994 $8,393.15
Transfer of income from General Account 8,000.00
=========
16,393.15
Payments to scholars (7,333.37)
========
$ 9,059.78
** Committees Account **
Balance January 1, 1994 $1,000.00
No transactions in 1994
** Contingency Account **
Balance January 1, 1994 $1,000.00
No transactions in 1994
** Secretary-Treasurer Account **
Balance January 1, 1994 $31,666.17
Appropriation from General Account 30,000.00
Annual Meeting fees less refunds 7,800.13
Sales of Directory 1,530.00
Rentals 450.00
Loan repayment 500.00 39,780.13
=========
71,446.30
Printing Annual Meeting Pgm & Abstracts 1,838.55
Annual Meeting rentals 1993 4,804.51
Annual Meeting charges & rentals 1994 4,350.13
Medal 130.00
Printing Newsletters 16 & 17 3,048.49
Office supplies 757.98
Office equipment purchases 1,511.34
Machine maintenance 295.00
Telephone 1,779.15
Data processing 447.36
Printing & stationery 2,044.23
Travel & entertainment 1,877.56
Salary 21,026.01
Bonus 500.00
Social Security taxes 1,586.57
Benefits 7,321.85
Overhead fee 90.31
Honoraria 1,750.00 (55,159.04)
=========
$ 16,287.26
Comparative Financial Data
Category 1994 1993
------------------------------------------------------
Book sales & royalties $ 12,782 $ 12,401
Capital gains 23,399 13,967
Annual Meeting fees 7,800 10,001
Subscriptions & back issues 47,454 49,092
Advertising & rentals 645 1,765
Investment income etc. 43,322 50,991
Dues 45,007 49,475
Contributions & subventions 9,760 7,469
JAOS expenses 64,300 76,456
Sec'y-Treasurer's Office 55,159 46,096
Series Publs, w/o inventory 16,599 7,740
======= =======
Net worth $ 961,684 $ 926,592