AIChE’s net assets increased in 2019 by $6.8 million, with Operations contributing $2.0 million toward the increase. Major items in Operations were the Industry Technology Groups, which delivered $4.0 million, the majority of which was due to the RAPID Manufacturing Institute that launched in 2016, and the Meetings business segment, which contributed $3.0 million.
General & Administrative expenses were at a level of $4.6 million. Below the operating line, investment activity was a positive $4.9 million. The 2019 net asset level increased from $27.8 million to $34.7 million by year-end.