AIChE Financial Statements
For the year ended December 31, 2011, AIChE experienced an overall decline in net assets of $147,438, lowering its net asset level at year-end about 1.4% to $10,188,587. This year’s performance from Operations contributed a gain of $961,220 due primarily to strong across-the-board performance from our meetings, membership dues, publications and Industry Technology Groups. However, non-operating items more than offset the operational gains from investment losses (3%) and charges to the employee pension plan which was frozen at the end of 2005. Overall, restricted net assets increased by $663,404, while unrestricted net assets declined by $810,842.
AIChE continues to add value to its members through new and expanded programs:
- Live Webinars. From career building skills and technical instruction to state-of-the-art industry overviews, AIChE’s webinars are invaluable for keeping you and your staff up to date. Each at-your-desk webinar features one or more subject matter experts. During the live presentation, participants are invited to ask questions of the speaker(s).
- AIChE Instructor Led Training offers professional education courses in key subject areas. Taught by recognized experts in cities across the US, subject areas include process safety, separations, solids handling, project management and more. Attendees earn PDHs and CEUs that may be used to satisfy ongoing professional education requirements or to add skills and subject area knowledge.
- Technical Presentations. In addition to the live webinar series, AIChE continues to expand its archives of recorded webinars and sessions from AIChE conferences.
- E-learning. This new learning format allows you to further advance your chemical engineering skills. Classes are self-paced and on-demand … all online. Led by renowned Chemical Engineers as well as other professionals, you can increase your knowledge of a subject at your own pace, from the comfort of any computer.
- Chenected, an informative blog just for ChemEs, where members and non-members can respond to posts, have a laugh or find lots of useful information.
- Web Forums, an issue-centered series of hot topic webinars created to provide chemical engineers with the latest information on a specific subject. Each Web Forum will feature a moderated panel of leading experts who will share their thoughts on the topic, participate in a discussion and take your questions live via a toll-free 800 number and electronic chat.
- CareerEngineer is for members whose careers are in transition.
- AIChE SmartBrief, a weekly electronic guide to news and information for ChemEs.
- The Center for Energy Initiatives, a technical society to unite energy professionals under the AIChE umbrella for the purpose of formulating, advocating and implementing projects and initiatives that address energy.
- The AIChE eLibrary, containing hundreds of engineering and scientific references, powered by Knovel and Access Engineering in a highly interactive format.
AIChE's independent public accountants rendered an unqualified (“clean”) opinion of the 2011 financial statements.
Financial Statements and Independent Auditors Report: (pdf)
Financial Statement Summary: (pdf)