1. Report from the Society Committee on Budget and Finance
New Orleans, LA
March 2018

2. 2017 Financial Highlights*
Net from Operations – $28.6M
$4.8M higher than 2016 Actual
Total Revenues – $553.1M
$26.4M (5.0%) higher than 2016 Actual
Total Expenses – $524.5M
$21.6M (4.3%) higher than 2016 Actual
Unrestricted Net Assets – $284.4M
$77.9M (37.7%) increase from Dec. 31, 2016
*Note: Excludes ACS Petroleum Research Fund and the Member Insurance Program
American Chemical Society

3. Net from Operations 2017 Actuals ($ in Millions)
Information Services
Investments
Net Dues Revenue
All Other
Scientific Advancement
Governance
Web Strategy & Operations
External Affairs & Communication
Education
Membership & Society Services
Net From Operations
Notes: All Other includes Unallocated Indirect Costs, Development, Grants and Awards, Governance, HDS, and ACS International Ltd.
Net from Operations excludes the ACS Petroleum Research Fund and the Member Insurance Program.
American Chemical Society

4. Unrestricted Net Assets 2013 – 2017 Actuals ($ in Millions)
Net from Ops $ M
Investment Gains M
PRBP Acct. Credit M
Total Increase $ M
Note: PRBP stands for post-retirement benefit plans. Excludes the Member Insurance Program and the ACS Petroleum Research Fund.
American Chemical Society

5. Governing Board for Publishing
2/15/2019
Financial Guidelines
Guideline
Target
2017
Actuals
0.66x
Current Ratio
0.65x target 0%
Debt Ratio
50% maximum
N/A
$4.0M
3-year rolling average of free cash flow > 0
Free Cash Flow
5.2%
2.5% - 5.0%
ROR target
Sustainability
54%
This last slide summarizes how ACS ended 2017 relative to the five financial guidelines approved by the ACS Board.
As you can see, we ended in full compliance – including the Fund Balance Ratio at the bottom. This is the first time in a decade (since 2008) we’ve achieved full compliance.
[CLICK]
Fund Balance Ratio
50% minimum

6. At
Step #1
American Chemical Society

7. At
Step #2
American Chemical Society

8. 2019 Fully Escalated Dues Calculation
2018 Dues Rate x CPI
$ x
= $175.43
$175.00
American Chemical Society

9. Comparison of ACS with Other Scientific Societies - 2018
American Chemical Society

10. 2019 Fully Escalated Dues Calculation
2018 Dues Rate x CPI
$ x
= $175.43
$175.00
The Society Committee on Budget and Finance recommends to Council that the 2019 dues be set at the fully escalated rate of $175.
American Chemical Society

11. Report from the Society Committee on Budget and Finance
(CLICK)
New Orleans, LA
March 2018