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Report from the Society Committee on Budget and Finance

This report provides the financial highlights of the American Chemical Society (ACS) for 2015, including favorable results in net operations and increased unrestricted net assets. It also compares ACS with other scientific societies and discusses the recommended 2017 dues rate.

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Report from the Society Committee on Budget and Finance

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  1. Report from the Society Committee on Budget and Finance San Diego, CA March 16, 2016

  2. 2015 Financial Highlights* • Net from Operations – $16.6M • $3.2M favorable • Total Revenues – $511.7M • $155K or 0.03% favorable • Total Expenses – $495.1M • $3.1M or 0.6% favorable • Unrestricted Net Assets – $163.3M • Increase from $144.7M at Dec. 31, 2014 *Note: Excludes ACS Petroleum Research Fund and the Member Insurance Program. 2 American Chemical Society

  3. Net from Operations2015 Actuals($ in Millions) Information Services Investments Net Dues Revenue All Other Office of Public Affairs Web Strategy & Operations Education Membership & Scientific Advancement Net From Operations Notes: All Other includes Unallocated Indirect Costs, Development, Grants and Awards, Governance, HDS, and ACS International Ltd. Net from Operations excludes the ACS Petroleum Research Fund and the Member Insurance Program. 3 American Chemical Society

  4. Unrestricted Net Assets2011 – 2015 Actuals ($ in Millions) Net from Operations $ 16.6M PRBP Acct. Reversal 17.7M Investment Losses (15.7M) Total Increase $ 18.6M *Note: Excludes ACS Petroleum Research Fund and the Member Insurance Program 4 American Chemical Society

  5. At www.acs.org 5

  6. At www.acs.org 6

  7. $166.00 2017 Fully Escalated Dues Calculation 2016 Dues Rate x CPI $162.00 x 1.0244 = $165.95 American Chemical Society

  8. Comparison of ACS with Other Scientific Societies American Chemical Society

  9. 9 $166.00 2017 Fully Escalated Dues Calculation 2016 Dues Rate x CPI $162.00 x 1.0244 = $165.95 The Society Committee on Budget and Finance recommends to Council that the 2017 dues be set at the fully escalated rate of $166. American Chemical Society

  10. Report from the Society Committee on Budget and Finance San Diego, CA March 16, 2016

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