Categories
Committee Reports

Treasurer’s Report

Amy Nitza, PhD
Amy Nitza, Ph.D., Treasurer

Our Division ended 2017 in a solid financial position.  Our 2017 year-end numbers are below, with 2016 year-end numbers included for comparison. Our primary source of revenue continues to be the journal, which performed well, although royalties were slightly lower than in 2016.  Membership dues were down significantly. However, our overall expenses were lower than anticipated, and we ended 2017 with a positive net income.

PERFORMANCE REPORT

Division Performance Report 16-17
2017 2016
Income
   Membership Dues 2242 3621
   Contributions 0 500
   Interest/Dividends 13 35
   Misc. (CE at conv) 0 0
   Royalties 42422 43408
Total Income 44677 47564
Expenses
   Midwinter Meeting 10552.31 10711
   Newsletter 2300 2299
   Awards and Grants 9865.83 4600
   Convention 2720.39 6477
   Committees 584.91 945
   Liasions/External Committees 2747.87 7758
   Social Media 2000 2000
   Marketing 105 150
   APA Administrative Services 2850 2975
   Miscellaneous 30.81 0
Total Expenses 33757.12 37915
Net Income/(Loss) 10919.88 9649
Assets
Cash Balance 65501 52812
Investments/Other Assets 43963 43722
Net Assets 109464 96534

Looking forward, our budget for 2018 as approved by the board at the midwinter meeting in early February is below.  We continue to invest in our membership through the provision of numerous student and professional awards, and through division events and opportunities to connect at the APA Convention.  We also continue to invest in advocacy through sending representatives and liaisons to select APA committees and external groups as well.

2018 BUDGET

2018 Budget Proposed  
 SUMMARY  2018 Budget
 Total income  $102,030
 Total expenses $52,200
 Income less expenses: $49,830
 INCOME DETAILS  2018 Budget
Journal Royalties $41,000
Dues $2,500
Interest $30
Contributions $500
CEU Royalties $-
Carry Forward from 2017 $58,000
Income: $102,030
EXPENSE DETAILS  2018 Budget
100 Midwinter Meeting $12,000
200 Newsletter
  Editor Stipend $2,000
  Publishing $300
300 Awards & Grants
  Moreland Dissertation $1,000
  Student Posters $600
  Student Diversity Posters $600
  Group Psychologist of Year $1,000
  Professional Achievement in Diversity $1,000
  Student Diversity Award $500
  Practice Award $1,000
 Teaching Award $1,000
  Student Travel Awards $4,000
  Research Grant(s) $4,000
400 Convention
  Suite and Executive Meeting $3,000
  Social $2,500
  Promotional $1,000
  Student Conference Coordinator $2,000
  Recording Fellows Talks $2,000
500 Committees
  ECP $150
  Membership $750
 Student Committee $300
 Other Committees $1,500
600 Liasions/External Committees
  COS Dues  $550
  COS Attendance $900
  CAPP/FAC Attendance  $800
Other Liasions  $2,000
700 Social Media
  Consultant  $2,000
  Hootsuite  $-
  Other Social Media  $-
800 Marketing  $700
900 APA Administrative Services  $3,000
1000 Miscellaneous  $50
Expenses:  $52,200

 

If you have any questions about this report or our Division finances, feel free to contact me at any time.

 

Categories
Committee Reports

Treasurer’s Report

Amy Nitza, PhD
Amy Nitza, Ph.D.

The 2015 proposed budget was submitted and approved by the Board in January. Our projected 2015 income was $84,491 with projected expenses of $59,950. This budget maintains the Board’s ongoing objective of holding expenses at 80% or less of income, keeping us in good fiscal condition. As of the end of April, dues income was right on par with 2014 numbers for the same time period. Investment assets totaled over $43,642 as of the end of April as well.

One notable accomplishment for this year so far has been the paying off of the final $24,000 of our commitment to the Foundation. With this contribution paid in full, the Foundation will be able to move forward more quickly with its important work. Congratulations to everyone involved in making this significant commitment a reality!

Additionally, we continue to support Division 49 members to serve as liaisons to other APA committees and joint task forces, and to fund social media and publication efforts that promote the mission of the division both internally and externally. In this and other ways the Board is seeking to ensure that our resources are utilized to advance group psychology and group psychotherapy.

For budget details, please see the website or contact me at nitzaa@ipfw.edu.

Categories
Committee Reports

Treasurer Report

Rebecca MacNair-Semands, Ph.D., CGP
Rebecca MacNair-Semands, Ph.D.

 

Amy Nitza, PhD
Amy Nitza, Ph.D.

 

Submitted by: Rebecca MacNair-Semands, Ph.D., CGP, Past Treasurer and Amy Nitza, Ph.D., Treasurer

Division 49 ended 2014 with over $47,000 in income, including royalties from the journal at $43,077 (above the projected amount of $40,000). Dues exceeded those of last year and were above projected numbers this year after gaining some new members, for a total of $3,978 of income this year.

Newsletter costs were reduced from 2013 by over 28% to $2,171 by using the website for more detailed reports and shifting fully to an electronic version. This has been a huge savings in the past two years, as we spent over $6,200 in 2012. These costs will be further reduced next year without the fees for initiating the on-line formatting. After contributing to the Foundation and coming in under projected budget at both conferences, our final expenses totaled $35,936 (under the 2014 projected expenses of $38,828). We remain strong in our net assets with investments totaling $43,620.

Following the newsletter stipend of $2,000 beginning in November of 2013, the board approved a $1,500 contract for a social media consultant in 2014. We were able to split the journal editor monies between the current Editor and the affiliated university beginning this year as well, to provide more flexibility in the release of funds.

The Finance Committee explored shifting a portion of our short-term investments to funds that bring in more interest, as our balance has been stable for several years. However, we postponed this decision as we discussed and further explored the potential to start a new journal. This conversation can now be revisited as the journal process is likely to take several years. Our Foundation balance is now at $80,000, and we will reach our $100,000 goal in 2015. Please see the entire projected budget for 2015 for details, which will also be placed on the website.

Categories
Committee Reports

Treasurer’s Report

Rebecca MacNair-Semmands, Ph.D.
Rebecca MacNair-Semmands, Ph.D.

As I write my last newsletter update for the Financial Committee, I am happy to report that convention costs for 2014 came in under projected budget this year again by over $1000. Funds for advertising provided attendees the division’s programming with the hard work of Rosamond Smith (Student Representative Elect), and creative new buttons (“Keep Calm, I’m a Group Therapist”) for our nametags sparked many conversations about the society. We decided at the board meeting to increase our funding for the assistant who has been working on our social media postings with group-related visuals. We also funded the poster awards for a total of $600 and the Richard Moreland Dissertation Award, with the society contributing $500 toward that honor. We were also able to fund a reasonable Early Career breakfast and use the suite with snacks provided for other activities such as StoryCorps-type interviewing about group mentors, initiated by Dennis Kivlighan. So, thanks to Leann Diederich and her ECP clan! Special thanks also to Kathy and John Ritter, for organizing the food and beverages for the social again for their final year before the ECP committee takes on this task and potentially expands our socials programs.

As we are considering the funding implications of our potential project of creating a new journal through the division, we have been engaged in a variety of exploratory conversations. I have also been collecting information on investment options to pass along to the new Treasurer, Amy Nitza, who begins her term in January 2015.

In closing, I feel so honored to have worked these three years with such a quality group of people. The dedication and kindness of our board members has been impressive and invaluable. I will miss you all dearly, but plan to stay in touch!

Categories
Committee Reports

Treasurer’s Report

Rebecca MacNair-Semmands, Ph.D.
Rebecca MacNair-Semmands, Ph.D.

Rebecca MacNair-Semands, Ph.D., FAGPA

The 2014 proposed budget was submitted and approved by the board in January. Our projected 2014 income was $74,450 with projected expenses of $38,828, including our $12,000 contribution to the Foundation, Midwinter and Convention meeting expenses, newsletter and journal costs, and administrative services. Each year, the board attempts to budget for 80% of the project income in expenses so we are in excellent shape for 2014 with this ratio.

We decided at the Midwinter board meeting to spend $1,000 to hire a social media consultant, Tanya Dvorak, who works closely with Jen Alonso, Ph.D., CGP to put forth information for the Society. Some more positive news this year included that the Society’s royalty payment for Group Dynamics: Theory, Research, and Practice exceeded projected amounts by over $3,000 in May and totaled over $43,000 in income. Congratulations to our talented editorial staff! Midwinter meeting expenses also came in under projected costs by over $2,000. Additionally, investment assets totaled over $43,609 by the end of May, 2014. For more budget details, please see the division website.

We are currently also working to scan financial records and store them electronically. In the last year, APA brought the servicing of Division Accounting in-house and implemented a new accounting system, Serenic NAV. As they described it, “It has certainly been a bumpy road!” but progress has been made in recent months. Recently, The Division Finance team in APA filed an extension for division taxes this year so we are in process of completing tax forms for August with the manager of Division Finance and that is going well.