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AFSA Annual Report 2013

16

FINANCE AND

ACCOUNTING

Steady Stewardship

Through careful stewardship, AFSA continues to be an

organization with a solid financial posture. The long-term

strategic goal has been to manage our resources and invest-

ments in a manner that would allow AFSA to deepen our

services to membership and modernize the organization.

Over the last several years, the AFSA budget has been man-

aged judiciously, our investment reserve value has increased

and the scholarship endowment has grown. Sound fidu-

ciary oversight is a fundamental tenet of producing healthy

financials, and AFSA will aim to maintain that value going

forward. The bottom line is that strong financial manage-

ment has advanced AFSA’s ability to serve the membership,

and positioned us to have options for the future.

n

Revenue Budget 2013

Retiree Newsletter / Directory

$58,000 / 1%

Professional Programs & Outreach

$134,593 / 3%

Scholarships

$481,300 / 10%

The Foreign Service Journal & Web Site

$580,500 / 12%

Legislative & Legal

$46,000 / 1%

Other

$42,000 / 1%

Membership Dues

$3,454,016 / 72%

Expenses Budget 2013

Advocacy & Legislative Affairs

$235,646 / 5%

Professional Programs & Outreach

$370,193 / 8%

Scholarships

$481,300 / 10%

Member Services

$541,913 / 11%

Communications

$838,643 / 18%

Governance / Professionalism & Ethics

$189,231 / 4%

Contributions

$91,254 / 2%

Overhead & Administration

$1,070,335 / 22%

Constituent Services

$978,394 / 20%