Treasurer’s Report Cindy Hoover FY15 Treasurer October 2014

FY14 Year End Review Operations Income 13% under budget Expenses 10% under budget Dues income strong with excellent results from Employee Sponsored Dues Program New revenue not realized to full budget value Programs & Services income and expenses lower than budget Travel for management well under budget Conference Conference income 17% over budget, while keeping expenses within budget Same year conference within operations budget – starting FY14. Last year for the transition of previous year’s conference overage in the operations budget.

Income – Operations & Conference *FY14 Preliminary Data; FY08-FY13 Based on Audit Data FY14 overall performance very good with record conference income Income for FY14 is tracking to budget (conference 17% over budget) Over time, some reassignment between revenue categories Employee sponsored dues program performing very well

Employee Sponsored Dues Original inquiry from corporate partner Model from consultant in association membership  Implemented in other organizations  Successfully grew membership  Improved member engagement Improve employer’s ability to leverage SWE as a platform for all women engineers SWE began Pilot in April 2013 for FY14  Program to be evaluated after 3 years

Employee Sponsored Dues Pilot Program Employer identifies the number of employees eligible  Minimum of 200 to participate  In FY14, a variety of implementation strategies Dues payment calculation: $100 * #eligible * 15%  Minimum: $100 * 200 employees * 15% = $3,000  $100 or applicable dues rate if outside the US  During pilot if number of members in section/MAL increases but rebate decreases as compared to baselines, the Society will provide an additional rebate as follows: – (FY13 rebate – FY14 rebate) x 125% Employer provides all eligible employees with a code to complete membership application or renewal  Employees become members only upon completion of a membership application or renewal of existing membership  If employee leaves the firm, the individual SWE membership remains valid until the end of the fiscal year

Employee Sponsored Dues: Status FY14  7 employers participated: Boeing, Clorox, Dell, eBay, IBM, John Deere and Navistar  2,532 members paid through employer sponsored dues  27% of those members were renewing and 73% were new members  Section feedback has been very good - Increase in members has bolstered vitality  A total of 17 sections saw a reduction in rebates - Total disbursement of $ FY15  Current participating employers plan to continue  Additional participants: Boston Scientific, Corning, Emerson, Honeywell, Northrop Grumman, United Technologies and URS  4,106 members have paid through employer sponsored dues through September  47% of those members were renewing and 53% are new members

Expense – Operation & Conference *FY14 Preliminary Data; FY08-FY13 Based on Audit Data FY14 overall expense management very good Expenses for FY14 are tracking 8% under budget

Income vs. Expense ($K) *FY14 Preliminary Data; FY08-FY13 Based on Audit Data Strong conference and dues performance, along with excellent expense management is yielding continued growth to net income.

Unrestricted Net Assets ($K)

Reserves ($K)

Special Project Fund Commitments ($K) Governance Project  McKinley Advisers hired as a consultant to review our governance structure  SWE task force will be developed to assist and connect McKinley to SWE leaders  The project will take approximately a year and will end with recommendations on how to proceed D&I Project  D&I card sets available for purchase  D&I modules complete and pricing being worked Branding  The branding survey is complete and data compiled  Working through next steps and communications plans with membership

Financial Focus Safeguard Society Finances Monthly review of finance reports and metrics Strategic Financial Planning Developed 3 year strategic budget (FY15-FY17) Participate with Annual Strategic Plan Review Continue training and resources Strive for improved understanding of financial matters Provide training for treasurers, officers Review, update training material for continuity, clarity

Resources  Cindy Hoover, FY15 Treasurer  Kellie Anton, Finance Chair  Stephanie Gillespie, Finance Chair-Elect