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Report from the Society Committee on Budget and Finance

Report from the Society Committee on Budget and Finance. Orlando, FL April 3, 2019. 2018 Financial Highlights*. Net from Operations – $41.1M $13.3M higher than 2017 Actual 15 th consecutive year of positive operating results Total Revenues – $571.6M

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Report from the Society Committee on Budget and Finance

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  1. American Chemical Society Report from the Society Committee on Budget and Finance Orlando, FL April 3, 2019

  2. 2018 Financial Highlights* • Net from Operations – $41.1M • $13.3M higher than 2017 Actual • 15th consecutive year of positive operating results • Total Revenues – $571.6M • $34.2M (6.4%) higher than 2017 Actual • Total Expenses – $530.5M • $20.8M (4.1%) higher than 2017 Actual • Unrestricted Net Assets – $292.2M • $7.8M (2.7%) increase from Dec. 31, 2017 *Note: Excludes ACSI, HDS, ACS Petroleum Research Fund and the Member Insurance Program American Chemical Society

  3. Net from Operations2018 Actual($ in Millions) Information Services Investments All Other Net Dues Revenue Scientific Advancement Governance External Affairs & Communication Web Strategy & Operations Education Membership & Society Services Net From Operations *Notes: All Other includes Unallocated Indirect Costs and the Development Office. Net from Operations excludes ACSI, HDS, ACS Petroleum Research Fund and the Member Insurance Program. American Chemical Society

  4. Unrestricted Net Assets2014 – 2018 Actuals ($ in Millions) Net from Ops. $ 41.1M Investment Losses (25.1M) PRBP Acct. Charge (9.5M) Insurance Trust Dist. 0.8M ACSI Net from Ops 0.5M Total Increase $ 7.8M *Note: PRBP stands for post-retirement benefit plans. Excludes the Member Insurance Program and the ACS Petroleum Research Fund. American Chemical Society

  5. Financial Guidelines Guideline Target 2018 Actuals 0.71x Current Ratio 0.65x target 0% 50% maximum N/A Debt Ratio $16.3M 3-year rolling average of free cash flow > 0 Free Cash Flow 7.2% 2.5% - 5.0% ROR target Sustainability 52% Fund Balance Ratio 50% minimum American Chemical Society

  6. At www.acs.org • Available • Financial • Information: • Financial Resources • FAQ’s • Overview • Glossary • Net Assets • Financials & Reports • ACS IRS Form 990 American Chemical Society 6

  7. $180.00 2020 Fully Escalated Dues Calculation 2019 Dues Rate x CPI $175.00 x 1.0270 = $179.73 7 American Chemical Society

  8. 2020 Dues Recommendation 2019 Dues Rate 2020 Dues Rate $175.00 $175.00 • The Society Committee on Budget and Finance moves that the 2020 dues be set at the 2019 rate of $175. • Because this pause in the dues escalator may have negative implications on allocations to local sections and divisions, B&F further recommends that steps be taken to ensure that this pause does not negatively impact these units of the Society. 8 American Chemical Society

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