AMTA Summarized Financial Information | AMTA Summarized Financial Information | American Music Therapy Association (AMTA)

Independent Auditors' Report

To the Board of Directors
American Music Therapy Association
National Music Therapy Registry
Silver Spring, MD

We have audited the accompanying combined statement of financial position of the American Music Therapy Association, Inc. (AMTA) and the National Music Therapy Registry (NMTR) as of June 30, 2012, and the related combined statements of activities and change in net assets, functional expenses and cash flows for the year then ended. These combined financial statements are the responsibility of AMTA's and NMTR's management. Our responsibility is to express an opinion on these combined financial statements based on our audit The prior year summarized comparative information has been derived from the combined financial statements of AMTA and NMTR for the year ended June 30, 2011 and in our report dated November 8, 2011, we expressed an unqualified opinion on those combined financial statements.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the combined financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but no for the purpose of expressing an opinion on the effectiveness of AMTA's and NMTR's internal control over financial reporting. Accodringly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the combined financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluting the overall combined financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the combined financial statements referred to above present fairly, in all material respects, the combined financial position of AMTA and NMTR as of June 30, 2012, and their combined change in net assets and their combined cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Gelman, Rosenberg, & Freedman
Certified Public Accountants and Consultants

September 19, 2012

AMERICAN MUSIC THERAPY ASSOCIATION, INC.

NATIONAL MUSIC THERAPY REGISTRY

COMBINED STATEMENT OF FINANCIAL POSITION

AS OF JUNE 30, 2012

ASSETS
		Current Assets	2012
		Cash and cash equivalents Investments Accounts receivable Prepaid expenses	$ 511,541 487,218 32,792 51,171

		Total current assets	1,082,722

		Fixed Assets
		Furniture Equipment and website Leasehold improvements	34,367 84,802 2,596

		Less: Accumulated depreciation and amortization	121,765 (77,712)

		Net fixed assets	44,053

		Other Assets
		Deposit Deferred compensation	5,952 21,510
		Total other assets		27,462
		TOTAL ASSETS	$1,154,237

		LIABILITIES AND NET ASSETS

		Current Liabilities	2012
		Accounts payable Accrued payroll and employee benefits Deferred revenue: Membership dues Subscriptions Conference revenue Deferred rent Total Current Liabilities	$ 69,392 44,891 291,823 31,988 49,346 - 487,440
		Long-Term Liabilities Deferred compensation payable Deferred rent, net of current portion Total long-term liabilities Total Liabilities		21,510 26,238 47,748 535,188
		Net Assets
		Unrestricted Temporarily restricted	218,599 400,450

		Total net assets	619,049

		TOTAL LIABILITIES AND NET ASSETS	$1,154,237

	AMERICAN MUSIC THERAPY ASSOCIATION, INC. NATIONAL MUSIC THERAPY REGISTRY COMBINED STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2012 For a functional analysis of revenue and expenses, please review the Annual Report

		Revenue	Total
		Membership dues Registration Grants and donations Wilson Trust Project Special Projects Sale of publications and CD-ROM Conference CMTE Institutes AMTA products Video products Subscriptions Labels and lists Advertising Consulting Income Royalties Affinity royalties Academic Program Approval Miscellaneous In-kind contributions Realized gain Interest/dividend income	$616,156 41,095 52,681 -- 3,032 229,761 404,277 35,830 19,855 5,028 495 94,248 2,818 4,708 195 8,635 2,153 1,300 74 14,568 (10,315) 11,431

		Total revenue	1,538,025


		Expenses	Total
		Program Services:
		Public Affairs and Government Relations Membership and Professional Development Registry Scholarship Funds Wilson Trust Project Total Program Services Management and General Fundraising Total Expenses Changes in net assets before other item Other Item Unrealized (loss) gain Change in net assets Net assets at beginning of year Net assets at end of year	$757,037 363,127 22,547 15,920 98,308 1,256,939 402,781 11,384 1,671,104 (133,079) (7,064) (140,143) 759,192 616,049

AMTA is a 501(c)3 non-profit organization and accepts contributions which support its mission. Contributions are tax deductible as allowed by law.

8455 Colesville Road, Suite 1000 | Silver Springs MD 20910 | Phone: 301.589.3300 | Fax: 301.589.5175