Report from the Society Committee on Budget and Finance
Denver, CO March 25, 2015 American Chemical Society
2014 Financial Highlights Net from Operations – $17.9M $4.2M favorable
Total Revenues – $499.0M $0.7M or 0.1% favorable
Total Expenses – $481.1M $3.5M or 0.7% favorable
Unrestricted Net Assets – $144.7M Decrease from $207.0M at Dec. 31, 2013 Note: Excludes the ACS Petroleum Research Fund and the Member Insurance Program. American Chemical Society
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Net from Operations 2014 Actuals ($ in Millions)
$61.9
Information Services Investments
$10.7
Net Dues Revenue
$0.4
All Other
($3.4)
Office of Public Affairs
($7.1)
Web Strategy & Operations
($7.9)
Education
($9.9) ($25.3)
Membership & Scientific Advancement
Net From Operations -$30
-$20
-$10
$17.9
$0
$10
$20
$30
$40
$50
$60
$70
Note: Information Services includes CAS and ACS Publications. All Other includes Unallocated Indirect Costs, Development, Grants and Awards, Governance, HDS, and ACS International Ltd. Net from Operations excludes the ACS Petroleum Research Fund and the Member Insurance Program. American Chemical Society
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Unrestricted Net Assets 2010 – 2014 Actuals ($ in Millions)
Net from Operations Investment Gains PRBP Acct. Charge Total Decrease
$250
$ 17.9M 13.5M (93.7M) ($62.3M)
$207
$200 $145 $131
$150
$102
$101
$100
$50
$0 2010
2011
2012
2013
2014
Note: Excludes the ACS Petroleum Research Fund and the Member Insurance Program. PRBP = Postretirement Benefit Plans. American Chemical Society
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At www.acs.org
Step #1
5 5
At www.acs.org
Step #2
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2016 Fully Escalated Dues Calculation 2015 Dues Rate
x
$158.00
x
= $161.94
American Chemical Society
CPI
1.0249
$162.00
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Dues Comparison with Other Scientific Societies - 2015 Membership Societies
2015 Dues
Amer. Assoc. for Clinical Chemistry Association for Psychological Science American Institute of Chemical Engineers Royal Society of Chemistry IEEE American Physiological Society American Nuclear Society American Chemical Society Amer. Assoc. for the Adv. of Science American Physical Society Society of Plastics Engineers Amer. Soc. for Biochemistry and Molecular Biology American Ceramics Society
$ 223 212 199 197 196 170 170 158 155 145 144 140 120
American Chemical Society
Reported Members in 2014 7,500 20,000 44,000 51,000 374,767 10,500 10,000 158,000 137,000 50,578 16,000 11,700 7,500
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2016 Fully Escalated Dues Calculation 2015 Dues Rate
x
CPI
$158.00
x
1.0249
= $161.94
$162.00
The Society Committee on Budget and Finance recommends to Council that the 2016 dues be set at the fully escalated rate of $162. American Chemical Society
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Report from the Society Committee on Budget and Finance
Denver, CO March 25, 2015 American Chemical Society
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