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Report of the Treasurer June 1, 2010 to May 31, 2012 Sharon Glazer, Treasurer University of Maryland, MD, USA Delivered at the 21 st Congress of the IACCP Stellenbosch, South Africa, July 17, 2012
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Fiscal Year IRS 501(c)3 tax-exempt (non-profit) status U.S. Employer Identification Number is: 26- 1879596 Fiscal Year June 1-May 31 Report represents FY10 and FY11 Currently in FY12
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Overview Resources of the Association are stable Membership declined in 2011 and increased in 2012 Current total equity of the association is $257,954 2011 FY: $188,039 2010 FY: $169,599 2009 FY: $175,821 $20,495 in CD dedicated for the Pola and Harry Triandis fund
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Membership July 2008: 644 members in good standing June 2010: 642 members in good standing Representing 78 countries June 2012: 763 members in good standing Representing 71 countries Dues Reminders: Postal mail and email 66 renewed after receiving postal mailing 58 returned envelopes; many of these members have been contacted and we have updated their profiles with their current address.
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Membership Details Majority of active members in USA & Europe 176 USA 278 Europe 66 in Germany 43 United Kingdom 110 Asia (S. Asia, SE Asia, E. Asia) 32 Japan 21 India 48 Canada 44 Australia/New Zealand 23 North Africa/Middle East 15 Israel 21 Central and South America 68 Central/South Africa 17 Cameroon 17 Nigeria
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Payment Method On-Line Payments account for 89.9% of dues paid. PayPal presented problems for some members $10,887 accrued FY11 YourPay Merchant Services- since May 2010 $33,675 accrued in membership fees FY11 Other payment forms cash or check payments – 9.3% money order/Western Union
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Members’ Dues, Awards, Contributions $76,310 in dues contributions since June 1, 2010 $35,425 FY10 $40,885 FY 11 SIG: 23 members each paid $5 = $115 Sponsorships: $1,040 (25 sponsorships) Harry and Pola Triandis Doctoral Thesis Award: $817 ($517 FY11) Witkin/Okonji Memorial Fund: $858 ($408 FY11)
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IACCP Contributions 12 recipients of Witkin/Okonji Memorial Fund award (to be reimbursed against receipts) $20,957 Regional conference, Turkey, 2009 $18,510 Congress, Melbourne, 2010 $5,000 Congress in Stellenbosch, 2012 $2,045 Bahama Psychological Association; Cultural Psychology PreConference, SPSP $2,035 Harry and Pola Triandis Dissertation Awardee (2 x $500 honorarium, $1000 travel- related costs, $35 transfer fee), 2010; 2012
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Publications $46,845 Total Publications Expenses Beginning January 2011, IACCP no longer had to pay Sage for subscriptions to the Journal of Cross-Cultural Psychology Nearly $30,243 was reimbursed or paid out to the Editor of JCCP; FY10-FY11 The Bulletin expenses were about $4,013 The Online Readings in Psychology and Culture (ORPC) expenses:$1,500 IACCP also receives royalties from Sage April 2010: $52,767 April 2011: $51,582 April 2012: $57,070
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Taxes, Insurance, Office Expenses Accountant: $3,125 Insurance: $3,254 Software and supplies: $1,071
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Estimated Future Expenses (FY12) Anticipated costsCosts Lonner speaker$4,500 PhD Workshop, ARTS, and EC support$8,000 JCCP and ORPC Editors$25,460 Treasurer Asst./Bookkeeper/Accounta nt$11,000 W/O awardees$15,000 IUPsyS, IACCP, Bahama$1,000 ARTS recipients$5,000 Total Anticipated Costs$69,960
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Assistant to the Treasurer Katie Lewis, University of Baltimore, Feb. 2011-present Emalynn Robinson, San Jose State University, January 2009-February 2011 Assistants average approximately 10 hours per week at a rate of $15 per hour. Emalynn paid directly from the university from IACCP donations; Katie is paid directly from IACCP
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Summary Financially IACCP is secure YourPay and PayPal are satisfying most members’ payment requirements 2010 and 2011 expenditures were exceptionally high due to poor budgeting for congress and regional conference; 2012 budget should return us to normalcy – Thank you, Deon and Paragon!
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Thank you! sglazer1@umd.edu
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