2008 Annual Report

Sources and Uses of Funds
(For the Year Ending June 30, 2008)

SUPPORT AND REVENUE

Sources of Support and Revenue	Dollar Amounts
Donated Services*	$20,548,288
Contributions and private grants	$10,463,406
Legacies and Trusts	$3,446,234
Government Grants and Contracts	$16,894,031
Special Events	$1,113,979
Interest and Dividends	$984,487
Fees and Product Sales	$10,802,758
Other Revenues	$596,980

TOTAL REVENUE and other support: $64,850,163

* Donated Services represents the value of volunteer services ($19,929,135) devoted to recording new books and other services, and donated space ($619,153).

EXPENSES

Program Services	Dollar Amount
Recording Studio	$26,236,234
Services Coordination	$18,315,961
Production	$6,303,651

Supporting Services	Dollar Amount
Administration	$8,440,413
Fundraising	$5,957,308
Public Affairs	$2,092,879

TOTAL EXPENSES: $67,346,446

Audited financial statements are available upon request.

COMBINED BALANCE SHEET

June 30, 2006	Dollar Amounts
Total Assets	$74,726,597
Total Liabilities	$9,792,139
Net Assets	$64,934,458

June 30, 2007	Dollar Amounts
Total Assets	$79,163,711
Total Liabilities	$8,437,538
Net Assets	$70,726,173

RECORD OF SERVICE

RFB&D had 533,938 analog and digital books in circulation FY2008.
RFB&D's CV Starr Learning Through Listening® Library currently houses 46,705 digital books.
RFB&D produced 6,914 new digital books in FY2008.
RFB&D handled 260,432 requests for service in FY2008.

RFB&D ACTIVE MEMBERS

RFB&D served 207,913 members (individual and institutional) in FY2008.
RFB&D had 40,400 members who are blind or visually impaired in FY2008.
RFB&D had 158,481 members with learning disabilities in FY2008.
RFB&D had 2,877 members with multiple disabilities in FY2008.
RFB&D had 6,155 members with physical disabilities in FY2008.
RFB&D served 78,637 elementary school students in FY2008.
RFB&D served 79,348 high school students in FY2008.
RFB&D served 37,559 undergraduate students in FY2008.
RFB&D served 12,369 members classified as graduate students/non-students in FY2008.

RFB&D VOLUNTEERS

RFB&D had 7,656 volunteers in FY2008.
RFB&D volunteers contributed 402,883 hours in FY2008.*

* Includes total hours of donated services, plus all other volunteer hours.

RFB&D NATIONAL BOARD OF DIRECTORS (as of December 2008)

Richard V. Cox, PhD, Chairman
Peter C. Erichsen, Vice Chairman
Celeste V. Lopes, Esq., Vice Chairman
Deborah C. Brittain, Secretary
James Golubieski, Treasurer

John B. Carew
Kettner J. F. Griswold
Brad Grob
Chip Hughes
Thomas J. Keleher
David Kurman
Marshall Loeb
Harold J. Logan
James P. Marks
Joseph D. McCarthy
Mary Lou McGee
Cathy Nessier
Carol R. Scheman
Sally E. Shaywitz, MD
Stephen M. Siegel
Michael Singley
S. Bleecker Totten

DIRECTORS EMERITI

Arminda J. Castles
John W. Castles III
Allen H. Merrill