Financial

AIChE Financial Statements

AIChE’s net assets increased in 2016 by $6.64 million, with Operations contributing $4.1 million toward the increase. The Publications and Meetings business segments both exceeded their budgets, delivering $3.3M and $3.1M, respectively. The Foundation’s Doing a World of Good campaign also exceeded budget, contributing $1.7M to the operating profit, while General & Administrative expenses of $4.3M partially offset the gains. Below the operating line, investment activity increased overall results by $1.6 million. There was also a favorable adjustment to the legacy Pension Plan of $0.3M, resulting primarily from an increase in the market value of the pension plan assets, bringing our Plan to a 78.3% funded level at year-end. The Postretirement medical and life plan was restructured in 2016, resulting in a credit of $0.6M. The 2016 net asset level was $23.6 million at year-end.

Financial Statements and Independent Auditors Report:  

2016 Financial Statement and Independent Auditors Report

2015 Financial Statement and Independent Auditors Report

2014 Financial Statement and Independent Auditors Report

2013 Financial Statement and Independent Auditors Report

2012 Financial Statement and Independent Auditors Report

Financial Statement Summaries:

2016 Summary Financial Statement

2015 Summary Financial Statement

2014 Summary Financial Statement

2013 Summary Financial Statement

2012 Summary Financial Statement