Abstract
AS 2009 draws to a close and signs of a modest recovery in the global economy begin to emerge, we want to take this opportunity to provide American Chemical Society members with an update on the society’s finances and briefly recap some of the difficult actions that were taken this past year to ensure the society’s financial sustainability. The society is currently projected to end the year with a net contribution from operations that is slightly favorable to the 2009 approved budget of $10.7 million. If the projected results hold up, the society’s financial performance will represent a noteworthy accomplishment during what many economists are calling “The Great Recession.” That said, ACS is not immune to the adverse effects of the global downturn. The economic pressures impacting our members, our institutional customers, and the larger chemical enterprise are also impacting ACS. We have seen weakness in revenue across all major categories. Electronic and printed ...
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call