2010 Financial Update

By Barbara O'Hare, Secretary-Treasurer

AAPOR remains financially healthy, with operating revenues as of November 30, 2010 exceeding budget by $92,420. Our very successful Annual Conference netted $172,913, compared to $121,013 in 2009. Our operating investments are strong in spite of the down market, and totaled $728,068 as of November 30, 2010. We have established a good working relationship with the staff at our new association management company Sherwood, and we have benefited from their attention to detail.

The market value of the endowment investments as of the end of November 2010 was $201,503. During the year, the Endowment Committee has reviewed the history of the funds, and has clarified donor intent. For 2011, the committee is planning the next steps in fundraising in response to the strategic plan.

Our financial health and the updated strategic plan provide opportunities for AAPOR to enhance and expand its initiatives. The Executive Council is taking action on opportunities, and will continue to do so in 2011.