American Music Therapy Association



			American Music Therapy Association, Inc. 8455 Colesville Road, Suite 1000 Silver Spring, Maryland 20910, USA Phone: (301) 589-3300 Fax: (301) 589-5175
		AMTA Summarized Financial Information Annual Audit Results

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, 2007, and the related combined statements of activities and change in net assets, combined functional expenses and cash flows for the year then ended. These combined financial statements are the responsibility of the organizations' 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 the American Music Therapy Association, Inc. and the National Music Therapy Registry for the year ended June 30, 2006 and in our report dated September 13, 2006, 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 financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall 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 the American Music Therapy Association, Inc. and the National Music Therapy Registry as of June 30, 2007, 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 October 9, 2007

American Music Therapy Association/National Music Therapy Registry Combined Statement of Financial Position as of June 30, 2007

	ASSETS
	Current Assets	2007
	Cash and cash equivalents Investments Accounts receivable Prepaid expenses	$ 140,954 479,319 22,266 62,185

	Total current assets	704,724

	Furniture, Equipment and Leasehold Improvements
	Furniture Equipment Leasehold improvements	34,051 76,304 2,596

	Less: Accumulated depreciation and amortization	112,951 (87,112)

	Net furniture, equipment and leasehold improvements	25,839

	Other Assets
	Deposit	5,952

	TOTAL ASSETS	$736,515

	LIABILITIES AND NET ASSETS

	Liabilities	2007
	Accounts payable Accrued payroll and employee benefits Deferred revenue:	$ 58,177 41,249
	Membership dues Subscriptions Conference revenue	275,890 42,145 16,115
	Total current liabilities	433,576

	Net Assets
	Unrestricted Temporarily restricted	215,484 87,455

	Total net assets	302,939

	TOTAL LIABILITIES AND NET ASSETS	$736,515

American Music Therapy Association/National Music Therapy Registry Combined Statement of Activities and Change in Net Assets for the Year Ended June 30, 2007 For a functional analysis of revenue and expenses, please review the 2003 Annual Report.

	Revenue	Total
	Membership dues Registration Grants and donations 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	$595,010 55,360 27,888 50,000 138,573 299,876 43,288 30,247 5,689 1,130 89,079 6,796 11,170 200 1,627 7,309 1,100 (319) 5,000 16,186 18,629

	Total revenue	1,403,838


	Expenses	Total
	Program Services: Public Affairs and Government Relations Membership and Professional Development Registry Scholarship Funds Special Project Total Program Services Management and General Fundraising TOTAL EXPENSES Changes in net assets before other item OTHER ITEM Unrealized gain Change in net assets Net assets at beginning of year Net assets at end of year	$642,794 334,257 26,094 8,770 14,923 1,026,838 281,654 20,577 1,329,069 74,769 (125) 74,644 228,295 302,939










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	AMTA is a 501(c)3 non-profit organization and accepts contributions which support its mission. Contributions are tax deductible as allowed by law. Copyright © 2002, American Music Therapy Association.