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Report from the Society Committee on Budget and Finance

Report from the Society Committee on Budget and Finance. Dallas, TX March 19, 2014. 2013 Financial Highlights. Net from Operations – $15.1M $2.0M favorable Total Revenues – $490.5M $8.8M or 1.8% unfavorable Total Expenses – $475.4M $10.8M or 2.2% favorable

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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 Dallas, TX March 19, 2014 American Chemical Society

  2. 2013 Financial Highlights • Net from Operations – $15.1M • $2.0M favorable • Total Revenues – $490.5M • $8.8M or 1.8% unfavorable • Total Expenses – $475.4M • $10.8M or 2.2% favorable • Unrestricted Net Assets – $207.0M • Increase from $100.6M at Dec. 31, 2012 Note: Excludes ACS Petroleum Research Fund and the Member Insurance Program American Chemical Society

  3. Net from Operations2013 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. American Chemical Society

  4. Unrestricted Net Assets2009 – 2013 Actuals ($ in Millions) Net from Operations $ 15.1M Investment Gains 29.4M PRBP Acct. Reversal 61.9M Total Increase $106.4M Note: Excludes ACS Petroleum Research Fund and the Member Insurance Program American Chemical Society

  5. At www.acs.org Step #1 Step #2

  6. $158.00 2015 Fully Escalated Dues Calculation 2014 Dues Rate x CPI $154.00 x 1.0234 = $157.60

  7. Dues Comparison with Other Scientific Societies - 2014 American Chemical Society

  8. $158.00 2015 Fully Escalated Dues Calculation 2014 Dues Rate x CPI $154.00 x 1.0234 = $157.60 The Society Committee on Budget and Finance recommends to Council that the 2015 dues be set at the fully escalated rate of $158.

  9. Report from the Society Committee on Budget and Finance Dallas, TX March 19, 2014 American Chemical Society

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