Annual Report 2014 | American Foreign Service Association
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12

Finance and Accounting:

Steady Stewardship

A

FSA continues to focus on managing our financial resources

and assets with care and long-term strategic goals in mind.

Wise stewardship over time has borne fruit in that we are better

positioned to advance goals and meet objectives that are in the

direct interests of AFSA members. In 2014, AFSA again achieved

the highest marks from an outside auditing firm for our overall

financial management. This represented the fifth year in a row

we have achieved this type of assessment. Our annual budget in

2014 was balanced and strategic, and this will remain an organi-

zational value.

l

Expenses Budget 2014

Constituent Services

$1,013,284 / 20.18%

Overhead &

Administration

$1,110,152 / 22.11%

Communications

$1,126,263 / 22.43%

Governance/

Professionalism

& Ethics

$120,683 / 2.40%

Policy, Advocacy &

Legislative Affairs

$278,134 / 5.54%

Professional

Programs & Outreach

$282,779 / 5.63%

Scholarships

$504,894 / 10.06%

Member Services

$585,122 / 11.65%

Finance and Accounting Staff:

(from left) Assistant Controller

Cory Nishi, Director of Finance Femi Oshobukola, Controller

Kalpna Srimal, Advertising and Circulation Manager Ed

Miltenberger.

Revenue Budget 2014*

Membership Dues

$3,601,912 / 71.65%

Newsletter/Directory

Advertising

$32,304 / 0.64%

Donations to Fund for

American Diplomacy

$36,000 / 0.72%

Dividends & Interest

from Investments

$42,000 / 0.84%

Professional

Programs & Outreach

$207,960 / 4.14%

Scholarships Fund

Donations & ROI

$504,894 / 10.04%

The Foreign Service

Journal

Advertising

$601,800 / 11.97%

*Includes income from AFSA operations, the Fund for

American Diplomacy, and the Scholarships Fund

Working on Behalf of Members