The American Chemical Society (the Society) ended 2015 with solid financial results marking its 12th consecutive year of positive operating performance. As noted in the accompanying financial summary, the Society generated a net contribution of $10.4 million. The favorable operating performance was attributable to a combination of strong financial results from the information services divisions and a continued emphasis on expense management across all operating units.
The Society’s overall financial position, excluding the Member Insurance Program and Petroleum Research Fund, strengthened in 2015 with unrestricted net assets increasing from $144.7 million at December 31, 2014, to $163.3 million as of December 31, 2015. This increase is attributed to the $16.6 million favorable operating performance and a $17.7 million reversal of accounting charges related to an improvement in the funded position of the Society’s postretirement benefit plans (PRBP). These improvements in the Society’s financial position were partially offset by investment losses of $15.7 million.
To access the ACS audited financial statements and obtain additional financial information on the Society, visit the ACS website.