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42nd Biennial Convention
42nd Biennial Convention Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Finance PresentationPaula VoerdingFinance ChairJuly 2014
Soroptimist International of the Americas
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Financial Oversight
SIA Board of Directors
Investment Advisor/Manager
s
Headquarters Executive Director
& Staff
Auditor
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Statement of Financial PositionAugust 31, 2013
Assets Liabilities and Net Assets
Cash and cash equivalents 3,429,197 Liabilities 272,381 Investments 8,958,687Fixed Assets 1,733,955 Net Assets 14,188,916Other Assets 339,458
Total LiabilitiesTotal Assets 14,461,297 and Net Assets 14,461,297
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Total Assets 2003-2013
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 -
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
20,000,000 $
13,0
07,2
99
$14,0
92,8
71
$15,5
37,2
91
$16,0
61,8
42
$17,6
51,7
35
$16,4
31,4
09
$13,6
01,5
22
$13,1
91,8
25
$13,7
10,5
77
$13,0
92,3
82
$14,4
61,2
97
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Market Value of Restricted Reserve Fund
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 -
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
9,0
51
,76
5
7,6
69
,12
1
9,1
20
,81
3
9,6
51
,58
3
11
,43
1,6
48
10
,89
7,7
89
8,2
70
,62
3
7,6
99
,21
3
7,1
60
,27
4
7,9
06
,92
8
8,4
99
,99
3
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Statement of ActivitiesYear ending August 31, 2013
Revenue Dues 2,040,774 Contributions 1,758,279 Investment income 1,376,766 Other income 219,356
Total Revenue 5,395,175
Expenses Administration 398,695 Fundraising 304,868 Program 3,845,291
Total expenses 4,548,854
Change in Net Assets 846,321
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Sources of Income
Dues$2,110,
133
Con-tribu-tions
$1,535,700
In-vest-
ments $1,048,
752
Other $236,796
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Membership Trends
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 -
10,000
20,000
30,000
40,000
50,000
44
,00
5
43
,02
6
42
,15
8
40
,82
5
39
,00
4
38
,17
1
37
,04
9
36
,21
2
35
,45
5
34
,36
4
33
,79
7
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Contributions
Laurel Society $519,892
Club Giving $584,593
Founders Pennies
$192,062
Disaster $79,731
Other $392,001
Laurel Society Club Giving Founders PenniesDisaster Other
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Uses of Income
Administration8%
Fundrais-ing6%
Program86%
Soroptimist International of the Americas 43rd Biennial Convention 23-26 July 2014 Vancouver, Canada
Soroptimist
Under Board leadership over last 10 years – SIA has:
Been good steward of member resources
Providing strong financial base for programming
Downward trends in membership
Potential economic fluctuations in our investments are the two largest risks to long term fiscal health of SIA.
