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