Treasurer's Report
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Jx*+o~ '777. OtdLtr Susan M. Kelso, Treasurer
MRS BULLETIN/SEPTEMBER 1988
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Interesl and Dividends Grants and Corporate Sponsors
Short Courses and Equipment Show
Säle of Proceedings
Bulletin and Journal of Materials Research
Dues
Bulletin and Journal of Materials Research
Short Courses and Equipment Show
Society Activities and Commitee Projects
Meetings
Other
Other
26%
Proceedings
Registration Fees Figure 2.1987 MRS Expense Categories.
Figure 1.1987 MRS Revenue Sources.
Table I. Some Key Indicators of MRS Growth Year
Membership
Headquarters Staff
Operating Budget ($M)'
1983 1984 1985 1986 1987 1988
1,225 2,100 3,550 4,800 5,950 7,770
0.5 3 7 10 15 18
0.27 0.52 1.06 1.58 2.01 2.57
"Operating budget (expenses) approved by Council. Actual revenues and expenditures are slightly different.
Materials Research Society Balance Sheets as of December 31,1987 and 1986
Materials Research Society Statements of Revenues, Expenses, and Changes in Fund Balance for the Years Ended December 31,1987 and 1986
ASSETS Current Assets: Cash and Investments General Operations Council Designated* Accounts Receivable Grants Receivable Book Inventory Prepaid Expenses Payroll Advances Receivable Total Current Assets Property and Equipment: Furniture and Equipment Less: Accumulated Depreciation Net Property and Equipment Total Assets
1987 $
$ $
912,241 417,819 158,090 147,115 242,427 7,802 546 1,886,040 184,319 77,796 106,523 1,992,563
1986 $
$ $
643,413 400,000 130,641 105,175 142,999 4,755 746 1,427,729 137,365 45,034 92,331 1,520,060
LIABILITIES AND FUND BALANCE Current Liabilities: Accounts Payable Accrued Payroll Taxes Other Accrued Expenses Deferred Revenue Total Current Liabilities Fund Balance (Unrestricted)t Total Liabilities and Fund Balance
$
140,293 2,104 147,215 179,459
$
176,970 9,476
469,071 1,523,492
$
1,992,563
$ 1,520,060
—
Cost of Book Sales: Beginning Inventory Production Costs Ending Inventory Net Cost of Book Sales Gross Revenues Operating and Administrative Expenses Excess of Revenues over Expenses Fund Balance, Beginning of Year Fund Balance, End of Year
$
$ $
$
1987 98,565 305,882 586,539 52,220 275,961 1,200,588 16,356 2,536,111 142,999 262,810 405,809 242,427 163,382
$
2,372,729 2,035,091
$
337,638 1,185,854 1,523,492
$
$
$ $
$
1986 54,238 339,390 483,250 53,992 188,128 753,996 11,795 1,884,789 79,984 254,966 334,950 142,999 191,951 1,692,838
1,356,242 336,596 $
849,258 1,185,854
147,760
334,206 1,185,854
'Funds ($400,000) were set aside by Council in December 1986 to provide a basis for funding long-range Society projects. The increase represents interest earnings over expenditures. ^Treasurer's footnote: The unrestricted fund balance includes "reserves" managedby the Treasurer. These were $738,258 (1987) and $653,585 (1986), including Council designated funds.
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Revenues: Membership Dues Grants and Corporate Sponsors Inventory Sales Interest and Dividends Bulletin/Journal Meeting Revenue Miscellaneous Total Revenues
Operating and Administrative Expe
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