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2018 FINANCIAL STATEMENT
NRDC finished FY18 in a strong financial posi tion. Revenue for the year was higher than ever at $190 million, while ex penses totaled $160 mil lion. Net assets closed FY18 at $351 million— $42 million higher than prior year-end. This ro bust financial picture led to a $5 million operating surplus and allowed NRDC to help secure crucial en vironmental protections. Most of NRDC’s FY18 revenue came from mem bers, individual major donors, and foundations.
The generosity and continued dedication to our work on the part of these critical supporters are deeply appreciated. NRDC also received income from in-kind contributions, awarded attorneys’ fees, as well as drawdowns of the endowment, reserves, and special funds. NRDC devoted 82.6 per cent of overall operating expenses to programs that protect public health, foster sustainable commu nities, preserve natural systems, and work toward
a clean energy future. We applied the remaining 17.4 percent to manage ment and general activities, fundraising, and recruit ment of new members. Thanks to the tremen dous financial success realized in FY18, NRDC has been able to increase resources where needed across the institution, with a focused investment in our Litigation, Policy Advocacy, and Communi cations departments in order to battle the urgent threats we face today and to build a better future.
BOB WICK/BUREAU OF L AND MANAGEMENT
Vermilion Cliffs National Monument, Arizona