""Other" is detailed in Statement 9 as awards, $32,489, Services and Professional Fees, $392,068, and "Miscellaneous" $459,302. Huh? I sure would like to know what that is. The "Miscellaneous" is higher than any previous number by far."
The $459,302 "Miscellaneous" figure is a one-time charge back of a large pledge that was never realized. Although the donor had publicly and repeatedly informed AOS that the donation would be made as part of his estate, upon his death the pledge was not honored. The pledge had already been booked (and depreciated) as income, so the auditors (Ernst & Young) insisted that this be shown as a loss.
William Rhodehamel
Hoosier Orchid Company 8440 West 82nd Street Indianapolis, IN 46278-1062 USA 317 291-6269, 888 291-6269 Fax: 317 291-8949 www.hoosierorchid.com
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