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TREASURER ’ S REPORT
Ambassador (ret.) Charles A. Ford
In addition, we own debt-free our headquarters build-
ing. This year we were able to pay off a loan from our
Scholarship fund that allowed us to finance the reno-
vation of our building ten years ago. By paying off this
below market rate loan three years in advance, we
created important new room for priority activities in our
operating budget. Impressive achievements given the
lack of a dues increase in 2016.
The most significant decision with regard to resourc-
es taken this year, however, was the creation for the
first time of separate operating budgets for our two
501(c)(3) entities — the Scholarship Fund and the Fund
for American Diplomacy (FAD). With $100,000 of funds
from the operating reserve injected into the initial new
FAD budget, the Fund is positioned in 2017 to develop a
fundraising program and to begin to execute activities
that enhance our outreach and the promotion of diplo-
macy.
This new budget and its potential to expand our fund-
raising totals will be vital to our ability to build-out our
program to advance the understanding of the American
public and our key stakeholders of the importance of
diplomacy and the Foreign Service. Our strong financial
position as we start the new year gives us the resourc-
es to continue our long-standing work in support of
workforce planning and the union while opening up new
programs to advance the mission of our professional
association.
I am pleased to report that the American Foreign Ser-
vice Association (AFSA) is in excellent financial health.
We expanded our very strong membership base while
initiating a strategic re-alignment of our resources to
advance the over-arching vision set by our President
Barbara Stephenson and the Governing Board. As we
enter 2017, our financial health will allow us both to
take advantage of new opportunities while also
respond to serious challenges to our core mission
as the voice of the Foreign Service.
16,601
MEMBERS
We end 2016 with
$4.5million
Our staffing level now stands
at 32 staff supported by a
OPERATING BUDGET
$2.8million
We have a
RESERVE
dedicated to support for the operating budget
for unanticipated emergencies and capital
maintenance expenditures.
in a restricted reserve to support
our Scholarship program.
$8million
We also have
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