ASCB Newsletter Nov 2013 - page 24

24
ASCB
NEWSLETTER NOVEMBER 2013
reprint and advertising income. A total of
4,871 pages were published in the journal in
2012. About 60% of
MBoC’
s corresponding
authors in 2012 were ASCB members, who
enjoy a 20% discount on page charges. Because
there are no charges for color figures, it costs
authors less to publish in
MBoC
than in many
competing journals. ASCB is committed to
keeping author charges low for its members.
Other Revenue Streams
Another revenue source for the Society is
advertising in the
ASCB Newsletter,
which
brought in over $167,000 in 2012. The Society
also benefited from grants from the Carnegie
Corporation of New York and the Keith R.
Porter Endowment for Cell Biology of the
Philadelphia Foundation,
which have supported training
workshops in Africa, and
from the Howard Hughes
Medical Institute for support
of
LSE
. In 2012 ASCB also
received approximately $1.5
million in federal grants. This
included NIGMS support
for The Cell: An Image
Library (cellimagelibrary.
org) and the 24th year of the
MARC grant for minority
career development as well
as a grant from the National
Science Foundation to support
iBioSeminars and iBioMagazine. Together,
these grants provided indirect support of over
$187,000 to ASCB programs in 2012.
The Bottom Line
The 2012 net budget deficit was $18,344,
but ASCB’s final year-end change in net
assets was significantly higher at $772,555. In
addition our bottom line showed unrealized
gains from our investments of $498,366. This
wonderful bonus was due to greater-than-
budgeted revenue from our investments as well
as the Annual Meeting,
MBoC
, and
Newsletter
advertising, and membership operations. In
addition, savings were realized through less-
than-budget spending for the Annual Meeting
and
MBoC
.
Uses for Some of the Net Revenue
With my approval as Treasurer, ASCB Executive
Director Stefano Bertuzzi recommended to
the ASCB Executive Committee that
most of this net revenue be spent
for new initiatives that the ASCB
Executive Committee and Council
would approve. These initiatives fall
into four priorities: 1) investment
in our members, 2) strengthening
the membership department with
data analytics and data management
capabilities, 3) marketing, and 4)
scientific outreach.
Finally, I want to thank the Finance
& Audit Committee members and
ASCB Senior Director of Finance
and Administration Cynthia Godes
for their commitment and work over
the past year to keep the ASCB’s fiscal house in
order. I also wish to thank all the ASCB staff
for their commitment to the Society and its
goals. Again in 2012 they all teamed up in most
impressive ways.
n
—Thoru Pederson, ASCB Treasurer and
Chair, Finance & Audit Committee
About 60%
of
MBoC
’s
corresponding
authors in 2012
were ASCB
members, who
enjoy a 20%
discount on
page charges.
The 2012 net
budget deficit
was $18,344,
but ASCB’s final
year-end change
in net assets
was significantly
higher at
$772,555.
Nobel Lectures
Genetic and Biochemical Dissection of the
Secretory Pathway
Randy Schekman
University of California, Berkeley
The Principle of Membrane Fusion
James Rothman
Yale University
Monday, December 16, from 6:30 pm - 8:00 pm, in the Great Hall
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