42nd Biennial Convention Soroptimist International of the Americas 43 rd Biennial Convention 23-26 July 2014 Vancouver, Canada Finance Presentation Paula.

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Presentation transcript:

42nd Biennial Convention Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Finance Presentation Paula Voerding Finance Chair July 2014 Soroptimist International of the Americas

43 rd Biennial Convention July 2014 Vancouver, Canada Financial Oversight SIA Board of Directors Investment Advisor/Managers Headquarters Executive Director & Staff Auditor

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Statement of Financial Position August 31, 2013 Assets Liabilities and Net Assets Cash and cash equivalents 3,429,197Liabilities 272,381 Investments 8,958,687 Fixed Assets 1,733,955Net Assets14,188,916 Other Assets 339,458 Total Liabilities Total Assets 14,461,297 and Net Assets 14,461,297

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Total Assets

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Market Value of Restricted Reserve Fund

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Statement of Activities Year ending August 31, 2013 Revenue Dues 2,040,774 Contributions 1,758,279 Investment income 1,376,766 Other income 219,356 Total Revenue 5,395,175 Expenses Administration 398,695 Fundraising 304,868 Program 3,845,291 Total expenses 4,548,854 Change in Net Assets 846,321

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Sources of Income

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Membership Trends

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Contributions

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Uses of Income

Soroptimist International of the Americas 43 rd Biennial Convention July 2014 Vancouver, Canada Soroptimist Under Board leadership over last 10 years – SIA has:  Been good steward of member resources  Providing strong financial base for programming  Downward trends in membership  Potential economic fluctuations in our investments are the two largest risks to long term fiscal health of SIA.