Fiscal year 2001-2002 highlights. (IABC Annual Report 2001-2002).To say that FY02 was a time of challenge and change is not a very original statement, but it is true, nonetheless. Dramatic changes in the global business and political environment affected our members and the communication profession, which in turn affected ABC's See Win abc's, MSW abc's, XL abc's, DOS abc's and PKZIP abc's. programs and services. On 30 Sept., 2001, ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. had 13,048 members, made up of 11,933 professional members and 1,115 student members. This represented a decrease in membership from September September: see month. 2000, but three months into the next fiscal year, retention rates were improving and membership increasing. ABC's executive board, other volunteers and staff worked to make membership valuable through the following programs: * Financial Management: ABC finished FY02 with a loss of US$22,473, as compared to a loss of US$720,569 in FY01. This extraordinary improvement in year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. results was due to stringent cost controls and the development of alternative revenue sources. * International Conference: 1,518 attendees from 35 countries networked and enhanced their professional development. The conference had an expanded exhibit hall and increased sponsor support. * Webinars: In response to members' request for more distance learning opportunities, the association launched monthly webinars in partnership with James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. Lukaszewski, ABC, APR APR See: Annual Percentage Rate . Site registrations totaled more than 1,600. * Regional conferences: Staff and board members supported regional conferences in Asia/Pacific, Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). , Sub-Saharan sub-Sa·har·anadj. Of, relating to, or situated in the region of Africa south of the Sahara. Adj. 1. sub-Saharan - of or relating to or situated in the region south of the Sahara Desert Africa and U.S. District 5. * Leadership Institute: This session provided 161 chapter and association leaders with inspiration Inspiration Aganippe fountain at foot of Mt. Helicon, consecrated to Muses. [Gk. Myth.: LLEI, I: 322] angelica traditional representation of inspiration. and ideas to use in their leadership roles. * Gold Quill quill: see pen. Awards: A record 1,347 entries from 19 countries were submitted; 124 Gold Quill winners were named. * Web site: The updated web site now allows members to join and renew online. * Job Centre: This full-featured addition to the web site includes resume posting and searching. The Job Centre is the most heavily trafficked area of our web site. * Knowledge Products: IABC IABC International Association of Business Communicators IABC Indo-Americans for Better Community released "The Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Advantage" by Shel Holtz Holtz is the surname of:
* Member survey: "Profile 2002," commissioned by the IABC Research Foundation and conducted by L.C. Williams & Associates, asked members about the latest trends in their companies and jobs. Communicators reported overall job satisfaction and consistent access to senior management, despite modest salary increases and tight budgetary environments. Although technology is relied on to disseminate dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. information, the high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. trend is also driving an increased desire for more face-to-face (jargon, chat) face-to-face - (F2F, IRL) Used to describe personal interaction in real life as opposed to via some digital or electronic communications medium. interactions. More ABC members reported that their organizations are pursuing formal measurement of communication efforts. The world changed in FY02. So did ABC. And the world continues to change in FY03. What has not changed is ABC's focused effort to provide essential content and connections for professional communicators, It was our commitment in FY02; it is our pledge A Bailment or delivery of Personal Property to a creditor as security for a debt or for the performance of an act. Sometimes called bailment, pledges are a form of security to assure that a person will repay a debt or perform an act under contract. in the coming fiscal year.
FINANCIAL STATEMENT
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION SEPTEMBER 30, 2002 AND
2001
All amounts in US$.
2002 2001
ASSETS
CASH AND CASH EQUIVALENTS
(Includes restricted cash of $500,000 in
2002 and $250,000 in 2001) $ 535,051 $ 816,830
ACCOUNTS RECEIVABLE
Net of allowance for doubtful accounts
of $0 in 2002 and $15,556 in 2001 20,821 56,170
INVENTORY 48,917 52,959
PREPAID EXPENSES AND OTHER ASSETS 46,162 35,678
FURNITURE, EQUIPMENT AND LEASEHOLD
IMPROVEMENTS, Net 86,628 234,498
TOTAL ASSETS $ 737,579 $1,196,135
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable $ 352,666 $1,005,483
Line of credit 170,000 --
Accrued expenses 87,434 133,045
Deferred dues revenue 1,392,025 1,280,535
Capital lease obligations 42,596 61,741
Total liabilities 2,044,721 2,480,804
NET ASSETS
Unrestricted (1,323,303) (1,300,830)
Temporarily restricted 16,161 16,161
Total net assets (accumlated deficit) (1,307,142) (1,284,669)
TOTAL LIABILITIES AND NET ASSETS $ 737,579 $1,196,135
CONSOLIDATED STATEMENTS OF ACTIVITIES
AND CHANGES IN NET ASSETS YEARS ENDED
SEPTEMBER 30, 2002 AND 2001
2002 2001
CHANGES IN UNRESTRICTED NET ASSETS
Revenue and support
Membership dues and fees $2,245,776 $2,512,327
Conferences, seminars and awards 1,889,235 1,920,201
Information resources and publications 440,107 500,490
Advertising, exhibit and list rental 48,537 72,923
Interest and dividends 15,348 31,259
Contributions 23,972 33,293
Other revenue 97,483 67,113
Net assets released from restrictions -- 2,500
Total revenue and support 4,760,458 5,140,106
Expenses
Program expenses
International and other conferences 1,099,279 1,381,976
Membership 603,952 687,902
Information resources 468,358 419,424
Communication World 352,721 374,005
Seminars 313,116 410,702
Research and information 171,557 169,585
International development 263,552 191,494
Gold Quill Awards 168,903 175,177
Public relations 80,116 117,532
Leader services 68,962 104,444
Leader/chapter visit 45,806 73,583
Advertisements and exhibits 30,086 74,569
Accreditation 28,686 45,961
Other professional development - 24,974
Total program expenses 3,695,094 4,251,328
General administration 932,130 1,123,181
Executive Board 124,577 212,186
Web development 4,785 263,393
Fundraising 26,345 8,087
Total expenses 4,782,931 5,858,175
DECREASE IN UNRESTRICTED NET ASSETS (22,473) (718,069)
DECREASE IN TEMPORARILY RESTRICTED NET
ASSETS
Net assets released from restrictions - (2,500)
DECREASE IN NET ASSETS (22,473) (720,569)
NET ASSETS (ACCUMULATED DEFICIT),
BEGINNING OF YEAR (1,284,669) (564,100)
NET ASSETS (ACCUMULATED DEFICIT), END OF
YEAR $(1,307,142) $(1,284,669)
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED SEPTEMBER 30, 2002 AND 2001
2002 2001
CASH FLOWS FROM OPERATING ACTIVITIES
Decrease in net assets $ (22,473) $ (720,569)
Adjustments to reconcile decrease in net
assets to net cash provided by (used in)
operating activities:
Depreciation and amortization 152,284 291,721
Loss on disposal of fixed assets - 138,757
Change in assets and liabilities:
Accounts receivable 35,349 98,390
Contributions receivable - 8,000
Inventory 4,042 (11,789)
Prepaid expenses and other assets (10,484) (9,273)
Accounts payable (652,817) 580,275
Accrued expenses (45,611) (108,187)
Deferred dues revenues 111,490 (40,814)
Net cash (used in) provided by (428,220) 226,511
operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of equipment (4,414) (35,671)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on capital leases (19,145) (73,809)
Proceeds from borrowings under line of 170,000 -
credit
Net cash provided by (used in) 150,855 (73,809)
financing activities
NET (DECREASE) INCREASE IN CASH AND CASH (281,779) 117,031
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF 816,830 699,799
YEAR
CASH AND CASH EQUIVALENTS, END OF YEAR $ 535,051 $ 816,830
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash paid for interest $ 6,643 $ 9,677
This summary of financial information has been extracted from the IABC
consolidated audited financial statements, on which an independent
public accounting firm has expressed an unqualified opinion. To obtain
copies of the complete audited financial statements, please contact IABC
World Headquarters.
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