1. Treasurer’s Report Cindy Hoover FY15 Treasurer October 2014

2. 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.

3. 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

4. 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

5. 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

6. 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 $1881.62 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

7. 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

8. 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.

9. Unrestricted Net Assets ($K)

10. Reserves ($K)

11. 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

12. 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

13. Resources  Cindy Hoover, FY15 Treasurer treasurer@swe.org  Kellie Anton, Finance Chair kellie.e.anton@swe.org  Stephanie Gillespie, Finance Chair-Elect s.gillespie812@gmail.com