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Report of the Treasurer June 1, 2010 to May 31, 2012

Report of the Treasurer June 1, 2010 to May 31, 2012. Sharon Glazer, Treasurer University of Maryland, MD, USA. Delivered at the 21 st Congress of the IACCP Stellenbosch, South Africa , July 17, 2012. Fiscal Year. IRS 501(c)3 tax-exempt (non-profit) status

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Report of the Treasurer June 1, 2010 to May 31, 2012

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  1. Report of the TreasurerJune 1, 2010 to May 31, 2012 Sharon Glazer, TreasurerUniversity of Maryland, MD, USA Delivered at the 21st Congress of the IACCPStellenbosch, South Africa, July 17, 2012

  2. Fiscal Year • IRS 501(c)3 tax-exempt (non-profit) status • U.S. Employer Identification Number is: 26-1879596 • Fiscal Year June 1-May 31 • Report represents FY10 and FY11 • Currently in FY12

  3. Overview • Resources of the Association are stable • Membership declined in 2011 and increased in 2012 • Current total equity of the association is $257,954 • 2011 FY: $188,039 • 2010 FY: $169,599 • 2009 FY: $175,821 • $20,495 in CD dedicated for the Pola and Harry Triandis fund

  4. Membership • July 2008: 644 members in good standing • June 2010: 642 members in good standing • Representing 78 countries • June 2012: 763 members in good standing • Representing 71 countries • Dues Reminders: • Postal mail and email • 66 renewed after receiving postal mailing • 58 returned envelopes; many of these members have been contacted and we have updated their profiles with their current address.

  5. Membership Details • Majority of active members in USA & Europe • 176 USA • 278 Europe • 66 in Germany • 43 United Kingdom • 110 Asia (S. Asia, SE Asia, E. Asia) • 32 Japan • 21 India • 48 Canada • 44 Australia/New Zealand • 23 North Africa/Middle East • 15 Israel • 21 Central and South America • 68 Central/South Africa • 17 Cameroon • 17 Nigeria

  6. Payment Method • On-Line Payments account for 89.9% of dues paid. • PayPal presented problems for some members • $10,887 accrued FY11 • YourPay Merchant Services- since May 2010 • $33,675 accrued in membership fees FY11 • Other payment forms • cash or check payments – 9.3% • money order/Western Union

  7. Members’ Dues, Awards, Contributions • $76,310 in dues contributions since June 1, 2010 • $35,425 FY10 • $40,885 FY 11 • SIG: 23 members each paid $5 = $115 • Sponsorships: $1,040 (25 sponsorships) • Harry and PolaTriandis Doctoral Thesis Award: $817 ($517 FY11) • Witkin/Okonji Memorial Fund: $858 ($408 FY11)

  8. IACCP Contributions • 12 recipients of Witkin/Okonji Memorial Fund award (to be reimbursed against receipts) • $20,957 Regional conference, Turkey, 2009 • $18,510 Congress, Melbourne, 2010 • $5,000 Congress in Stellenbosch, 2012 • $2,045 Bahama Psychological Association; Cultural Psychology PreConference, SPSP • $2,035 Harry and Pola Triandis Dissertation Awardee (2 x $500 honorarium, $1000 travel-related costs, $35 transfer fee), 2010; 2012

  9. Publications • $46,845 Total Publications Expenses • Beginning January 2011, IACCP no longer had to pay Sage for subscriptions to the Journal of Cross-Cultural Psychology • Nearly $30,243 was reimbursed or paid out to the Editor of JCCP; FY10-FY11 • The Bulletin expenses were about $4,013 • The Online Readings in Psychology and Culture (ORPC) expenses:$1,500 • IACCP also receives royalties from Sage • April 2010: $52,767 • April 2011: $51,582 • April 2012: $57,070

  10. Taxes, Insurance, Office Expenses • Accountant: $3,125 • Insurance: $3,254 • Software and supplies: $1,071

  11. Estimated Future Expenses (FY12)

  12. Assistant to the Treasurer • Katie Lewis, University of Baltimore, Feb. 2011-present • Emalynn Robinson, San Jose State University, January 2009-February 2011 • Assistants average approximately 10 hours per week at a rate of $15 per hour. • Emalynn paid directly from the university from IACCP donations; Katie is paid directly from IACCP

  13. Summary • Financially IACCP is secure • YourPay and PayPal are satisfying most members’ payment requirements • 2010 and 2011 expenditures were exceptionally high due to poor budgeting for congress and regional conference; 2012 budget should return us to normalcy – Thank you, Deon and Paragon!

  14. Thank you! sglazer1@umd.edu

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