Year 2005 EMC Society Pre-audit Financial Summary

IEEE’s 2005 pre-audit financial report indicates that EMC’s 2005 operations yielded a net surplus of $158,500. The major factors contributing to that surplus were the investment return and the 2005 Conference surplus. The Society’s 11 year financial history is reflected in the surplus/deficit bar graph below.
EMC’s 2005 gross revenue was $1,404,200. Of that total, Periodical subscriptions and author charges income was $326,000; Newsletter ads provided $65,000; Conference gross income was $919,000; revenue from Member fees was $86,000 and Market Fluctuation was a positive $85,000. The 2005 income pie chart below reflects the percentage, of the total, for each revenue category. The Society’s 2005 expenses were $1,245,700. Of that total, Periodical production and distribution costs were $159,000; the Newsletter cost $121,100 to print and distribute; Conference expenses were $684,000; Society committee expenses were $170,000; and, IEEE administrative/infrastructure support costs were $195,000. The 2005 expense pie chart below indicates the percentage of the total expenses for those cost categories. EMC


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