IEEE’s 2007 pre-audit financial report
indicates that the EMC Society’s 2007 operations yielded
a net deficit of $86,900. The major factor contributing to that
deficit was the cost of the 2007 Symposium/50th Anniversary Celebration.
The Society’s 12 year financial history is reflected in
the surplus/deficit bar graph below.
The EMC Society’s 2007 gross revenue was $1,591,100. Of
that total, Periodical subscriptions and author charges income
was $364,000; Newsletter ads provided $89,300; Conference gross
income was $1,053,200; revenue from Member fees was $84,500 and
Market Fluctuation was a positive $75,500. The 2007 income pie
chart below reflects the percentage, of the total, for each revenue
category. The EMC Society’s 2007 expenses were $1,678,000.
Of that total, Periodical production and distribution costs were
$142,300; the Newsletter cost $168,100 to print and distribute;
Conference expenses were $927,100; Society committee expenses
were $260,200; and, IEEE administrative/infrastructure support
costs were $252,500. The 2007 expense pie chart below indicates
the percentage of the total expenses for those cost categories.