The American Chemical Society (ACS) ended 2016 with solid financial results marking its 13th consecutive year of positive operating performance, generating a net contribution from operations of $22.9 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 Petroleum Research Fund strengthened in 2016 with unrestricted net assets increasing from $202.3 million at Dec. 31, 2015, to $247.3 million as of Dec. 31, 2016. This increase is attributed to the $22.9 million favorable operating performance, investment gains of $16.7 million and a $5.4 million reversal of accounting charges related to an improvement in the funded position of the Society’s postretirement benefit plans.
Access the audited financial statements and obtain additional financial information on the Society here.