1. The State of IEEE John Vig 2009 IEEE President and CEO IEEE Region 8 Meeting Venice, Italy 24-26 April 2009

2. 2009 Outlook - as of 20 April 2009 Publications Revenue is forecasted to exceed the 2009 budget by $3.4M. Membership revenue is forecasted to exceed prior year by $1.1M but fall short of the 2009 Budget by $1.2M. –IEEE Membership through March is ahead of prior year by 8,289 members  Students and Graduate Students are up 8,159  Higher Grade Membership is up 127 Data for 8 conferences of largest 59 that have been completed indicate that attendance is down. –Two expect higher surpluses than budgeted while six expect lower –Current forecast indicates a 1.7M shortfall to budget 14-Oct-152

3. Students: 85,000 Dec. 2008 Total Members: 382,000

4. Slope ~1.2%/yr; 50:50 in 5 years Global Membership 1995 to 2008 70.8% 29.2% 54.8% 45.2% 2008 Students: 70% in R7-10

5.  >2M documents in IEEE Xplore® digital library  Number has doubled in last 5 years  Successes due, primarily, to IEEE’s reputation  Now includes Expert Now web courses, IEEE Standards Online, Draft IEEE Standards  Coming soon: AIP & IBM journals  171K articles published in 2008 (up 6.4% over 2007)  32K refereed journal articles; 139K conference articles from 900 IEEE-related conference proceedings annually  140 new standards Publications

6. Conferences In 2008 IEEE… –Sponsored >900 conferences  ~560 financially sponsored (52% in R7-10)  ~350 technically cosponsored (84% in R7-10) –In 62 countries –Touched >400K attendees –>130K presentations –Generated >$100 million in revenues

7. IEEE Revenues From Operations 1 1 Does not include Investment Returns ConferenceEvents Periodicals Membership-other MembershipDues Standards Finance & Other ConferenceProceedings Preliminary 2008 Operating Revenue ~$329.1 Million

8. IEEE Conference Locations… Financially Sponsored Technically Co-Sponsored 52% held in Regions 7-10 84% held in Regions 7-10

9. IEEE Conference Budgeted Surplus Distribution by Region R8 has 27% of financially sponsored conferences but budgets for only 15% of the surplus!

10. Threats to Conferences Business Easy to start a competing conference Easy to get IEEE technical cosponsorship (use of IEEE logo/brand); geo units are tech. cosponsoring competing “international” conferences Easy to develop an emailing list & website Easy to get proceedings into Xplore; but, quality control? Sponsorship and tech cosponsorship are the same to most people; both are an “IEEE conference.” Market growth vs. numbers of conferences?

11. “CISSE 2007 received 750 research paper submissions and the final program included 406 accepted papers, from more than 80 countries.” Proceedings is published by Springer.CISSE 2007406 accepted papers

12. Number of IEEE Technically Co- Sponsored Conferences IEEE Society/Council/Geographic Unit Sponsored/Co-Sponsored/Other 14-Oct-1512 Geo Units S/C and Others *All data prior to 2008 year-end close.

13. IEEE Reserves $(Millions)

14. So why “so much”reserves? Why does IEEE need “so much” in reserves? Long-term protection and preservation of the IEEE  Cover deficits resulting from pandemic (SARS, was a warning), severe economic downturns (lower conference registrations…)  Investments - new strategic programs and large-scale operational improvements (e.g. IEEE Xplore, and new IT system have multi- $10M costs)  Weather the economic impact of a legal judgment against the IEEE

15. How Much is Enough? Reserves level is a policy decided by the IEEE Board of Directors Determination of the “right” level of reserves is based on risk assessment of IEEE operations (membership, standards, publications, conferences, lawsuits, etc.), per IEEE Finance Operations Manual, paragraph FOM.4. Current “right” level = $178M to $254M. Actual level = $159M, so, we are below the minimum level. IEEE is a very successful organization – why?

16. Volunteers Are The Secret of IEEE’s Successes… How many volunteers in IEEE?

17. Volunteer Resources “arithmetic” >200K is a safe number because... 10/14/201517 32K journal articles (some with low acceptance rate, some high) Assume 50% average acceptance rate ~64K articles must have been submitted to yield 32K published. Average number of referees per paper is 3; average number of authors (who ARE also volunteers) is above two, so assume five volunteers -- reviewers, authors and editors -- contribute to each paper ; 5 x 64K = 320K ~300K 139K conference proceeding articles, adjusted for acceptance rate (~70%) and the number of authors & reviewers per article (2+) = ~400K ~900 conferences Typical conference (not larger ones): at least 100 volunteers for committees: organizing, technical program, local arrangements; editorial, publicity = ~100k ~3K sections, chapters, student branches, societies, councils >30 officers, committee members, other volunteers per such OU = ~100K ~900 published standards, plus 400 more in progress Working group volunteers, balloting volunteers, etc. = >20K Some do >1 job, so, rough estimate = >900K÷4>200K

18. …and with ~1K IEEE Staff comprise a formidable team 10/14/201518 There’s a benefit…

19. Volunteers Live Longer! Studies show volunteers live longer, and healthier lives. (Google “Volunteers live longer” or “Health benefits of volunteering” for examples of the numerous studies*.) “It is one of the beautiful compensations of life, that no man can sincerely help another without helping himself.” Ralph Waldo Emerson * “The Health Benefits of Volunteering: A Review of Recent Research,” published in 2007 by the U.S. Corporation for National and Community Service.

20. IEEE… CELEBRATING 125 YEARS OF ENGINEERING THE FUTURE WWW.IEEE125.ORG 3-Feb-0920

21. So, thank you for your contributions and your dedication to IEEE. Thank you for being an IEEE volunteer. And, oh, yes… be sure to also have fun, and…

22. Dance more!

23. Thank You!