Combined statements of activities.

California Society of Certified Public Accountants

California Certified Public Accountants Education Foundation

Years Ended April 30, 2011 and 2010

(Amounts Expressed In Thousands)

See accompanying notes to the combined financial statements.

2011 2010 UNRESTRICTED NET ASSETS Unrestricted Revenues and Gains: Dues $ 9,915 $ 9,762 Professional Education Programs 13,517 12,975 Peer Review Fees 1,147 1,110 Member Meetings and Events 509 491 Advertising 689 701 Affiliation Fees 559 513 Royalties and Affinity Programs 165 176 Investment Income, Net 3,037 4,010 Other Income 90 228 Total Unrestricted Revenues and Gains 29,628 29,966 Net Assets Released from Restrictions 553 363 Total Revenues and Gains 30,181 30,329 Expenses: Program Services: Member Chapter Events 2,103 1,969 Member Committees 579 587 Other Member Activities 829 751 Communication Services 2,021 1,900 Government Relations 1,106 1,099 Scholarship, Financial Literacy and Other Programs 603 605 Peer Review 1,141 1,064 Professional Education Programs 10,250...