Prepared by Juliette de Meaux, SMBE Treasurer Society’s Net Assets as of 31 May2016: $3,404,479.26 Cash account $2,863,924.76 Total CDs: $185,197.96 Prepaid Expenses: $285,148.96 Accrued Expenses: $10,964.00 FY 2015 Revenues This report covers the period of 1 June 2015 to 31 May Membership Dues 41,657.85 $ 2016. The society remains in outstanding financial health, Oxford Journal MBE 576,282.00 $ with a net benefit of $416,276.27. The continuing success of Oxford Journal GBE 493,372.00 $ our two journals, Molecular Biology and Evolution and Unrestricted Donation 194.00 $ Genome Biology and Evolution, allowed us to collect Interest Income 1,727.73 $ Miscellaneous Revenue 86,809.50 $ $791,667.00 revenue for the (calendar) year 2015. Thanks to Total Revenues 1,200,043.08 $ the accounting support provided by Allen Press, the accrued accounting method has now replaced the cash accounting Expenses Travel method used in previous financial reports. As a consequence, Senior Editor Travel 22,921.87 $ the revenue presented in financial year 2015 is no longer Associate Editors Travel 127,965.97 $ counted as the revenue collected in the calendar year. Editor-In-Chief Travel 5,443.51 $ The society used its income to publish its two journals, Council Travel 34,109.40 $ Molecular Biology and Evolution and Genome Biology and Press Mtg. Registration 3,193.56 $ Total Travel 193,634.31 $ Evolution, and to support its annual meeting, which was Prize & Awards 12,750.00 $ held in Vienna (Austria) in 2015. This included providing Fitch Symposium Travel 8,885.79 $ graduate and postdoctoral travel awards, funding the Undergraduate Diversity Travel 9,521.34 $ Walter Fitch Prize Symposium (a cash prize for the winner Young Investigator Travel 65,882.65 $ and travel funds for all eight contestants), running the Total Prize & Awards 97,039.78 $ Operating Expenses 34,233.20 $ Undergraduate Diversity Mentoring Program, supporting Treasurer 31.11 $ the travel and accommodation of Council members and Corporation Fee 100.00 $ providing travel incentives for Associate Editors of both Bank Charges 2,053.90 $ journals. We also supported three satellite meetings on Tax Preparation 3,996.91 $ Total Operations 40,415.12 $ important, focused and timely topics related to molecular Editorial Activities evolutionary biology. MBE Editing 84,945.92 $ For the first time this year, SMBE funded childcare awards, MBE Highlight Honoraria 16,558.00 $ which with their non-bureaucratic and flexible format mark- GBE Editing 77,459.81 $ edly facilitated the participation of young parents to our an- GBE Highlight Honoraria 4,498.50 $ Total Editorial 183,462.23 $ nual meeting. We are proud to announce that we were able Miscellaneous to fund 100% of the applications. A poster prize of $250 was Childcare awards for parent travel 20,216.28 $ also awarded for the first time to five poster presenters at the Annual Meeting 106,000.00 $ 2015SMBEmeeting.Inaddition,our society has established Undergrad Mentor Dinner 781.89 $ six new awards, including Best Student Paper, Junior-, Mid-, and Satellite Meetings 118,600.00 $ Meeting Sponsorship 609.56 $ Lifetime-career Awards as well as a special Service Award for Special Council Meeting 23,007.64 $ people who have devoted time, career and tremendous effort Total Miscellaneous 269,215.37 $ to the society. In February 2016, the SMBE council has held an Total Expenses 783,766.81 $ additional meeting to decide on novel investments, which will Change from Operations 416,276.27 $ significantly improve the diversity measures the society sup- ports and will take effect in the next financial year. The society Beginning Net Assets (as of June 1, 2015) 2,988,202.99 $ has also decided to allocate $25,000 additional editorial support Ending Net Assets (as of June 1, 2016) 3,404,479.26 $ to expand further the two journals of the Society. The Author 2016. Published by Oxford University Press on behalf of the Society for Molecular Biology and Evolution. All rights reserved. For permissions, please e-mail: email@example.com Mol. Biol. Evol. 34(1):245 doi:10.1093/molbev/msw271 245
Molecular Biology and Evolution – Oxford University Press
Published: Jan 1, 2017
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