Overview - Arthur Fierman, MD
The APA continues to grow, with an operating budget of $1.2 million for
2007. On the expense side of the budget, approximately 40% of our expenses
are attributable to membership, meeting and Journal and other publication
costs. Another 30-40% of expenses are attributable to the pass-through
spending that occurs on the grants administered by APA for the benefit
of the membership and the organization, including programs such as
CORNET, the educational scholars program, the environmental health
fellowship, and New Century Scholars. While the activities of the APA
continue to expand, administrative costs have remained at approximately
20% of our total expenses over the past three years. On the income
side of the budget, aside from grants, the largest proportion of our
income comes from member dues and from the PAS meeting. Our investment
portfolio continues to grow. It is currently valued at $1.3 million,
with a 14.8% annual rate of return on our investments from January
2006 to the present, and this year’s income from interest, dividends
and increase in value totaling approximately $200,000. The total net
income for our organization for 2006 was approximately $144,000.
Income
and Expense*
| APA Income 2006 |
|
|
|
| |
Percent (%) |
Amount ($) |
| Dues |
21.32 |
316,355 |
| Meetings |
13.58 |
201,436 |
| Contracts |
39.35 |
583,755 |
| Publications |
7.44 |
110,342 |
| Investments |
13.14 |
194,979 |
| Other |
5.17 |
76,678 |
| |
100.00% |
1,483,545 |
| |
|
|
| APA
Expense 2006 |
|
|
|
| |
Percent
(%)
|
Amount
($)
|
| Membership |
10.33
|
138,429
|
| Meetings |
5.93
|
79,388
|
| Contracts |
39.16
|
524,619
|
| Publications |
12.77
|
171,065
|
| Administrative |
22.30
|
298,782
|
| Other |
9.50
|
127,311
|
| |
100.00%
|
1,339,594
|
| Net Income |
|
143,951 |
| |
|
|
Other Income = Development Fund, Special Projects, Special
Interest Groups
Other Expense = APA Special Projects, Special Interest Groups, Liaisons
*Fiscal
year 2006 is the latest year for which we have complete information
APA
Development Fund - Arthur Fierman, MD
The
APA continues to grow. Our organization supports an ever-increasing number
of activities, seeks to provide support to
young investigators,
and to sponsor the research and educational efforts of our members.
Special Interest Groups (SIGs), regions and committees have extended
their work beyond the annual meeting. The continued growth of our organization
is certainly exciting! However, many APA programs have been limited
by financial constraints. In response to this challenge, the APA Development
Fund was established in 2003, with a goal of building an endowment
that can provide a self-sustaining source of funds for many of the
activities of the APA. Each year since its inception in 2003, there
has been steady growth in the amount of money contributed by our membership,
with total contributions of $27,406 in 2006. There has also been an
increase each year in the percentage of members who contribute to the
Fund – up from 19% in 2005 to 26% in 2006. Since the Fund was
first established, a total of 95,718 has been raised. As of this writing,
100% of the membership of the Board of Directors has contributed to
the Fund, 63% of Region Chairs, 42% of SIG chairs and 26% of our general
membership have made contributions. Efforts will continue to increase
member participation, and to identify other potential donors for this
important APA effort.
|
