Report of the Treasurer to the Council 1995-1996 (1996) / Chapter Skim
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Treasurer's Statement
Treasurer's Statement
Pages 1-9
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Building on the basic controls already in place, including the new financial system, we will be able to provide relevant information in a variety of categories on a timely basis. With the able assistance of the Council, the Committee on Budget and Internal Affairs, the Finance Committee, the NRC Management Review Committee, and the newly formed NRC Governing Board Management and Budget Committee, together with my own team in the Office of the Chief Financial Officer, I look forward to a year of focused growth for the NAS.
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The proposed campaign includes fund-raising for renovation of the headquarters building on Constitution Avenue and a number of endowment and program support objectives, several of which cut across the NAS, NAE, and IOM, and others that are specific to each organization. The Councils of the NAS, NAE, and IOM have established a Task Force composed of two representatives from each Council to review the recommendations of the Wayland Group study and to work on development of an implementation plan for the proposed capital campaign.
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Prize and Award Trust Funds Several Award Trust Funds have existed for more than 100 years, while others have been more recently established. The Home Secretary oversees the nomination process that selects award recipients and recommends to the Council (subject to legal and financial review)
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17,500 IEEE Computer Society 12,000 Intel Foundation 15,500 International Bank for Reconstruction & Development Johnson & Johnson Family of Companies Kaiser Permanente Lucent Technologies Massachusetts Health Data Consortium, Inc. Merck Institute for Science Education Mitchell Energy & Development Corporation Monsanto Company American Chemical Society Amoco Corporation Association of American Medical Colleges 75,835 30,000 45,000 25,000 25,000 100,000 300,000 40,000 National Academy of Engineering Fund2,756,455 National Pork Producers Council15,000 Nissan Research & Development, Inc.25,000 O'Donnell Foundation40,000 Pfizer Inc.80,000 Rockwell International Corporation20,000 San Diego County Water Authority30,000 SmithKline Beecham Pharmaceuticals25,000 Texaco Foundation15,000 The National Alliance for the Mentally Ill62,400 The Upjohn Company56,500 Trimble Navigation Limited15,000 Varian Associates, Inc.20,000 Xerox Corporation47,500 Other Contributors (less than $10,000 per donor)
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Recognized revenue is equal to the expense incurred for these red acuv~ues ~nfe,V~amomu~n~~~re~m~r~ ~ti"ioif:fne ~Thyear~amvernat erPmmar~et value Government agencies in FY96 was Figure 2~. On the other hand, activi- Journal Publications ivate, nonfederal agencies are usually and agreements that provide for the he NAS in a lump sum or fixed incre in advance of the expense being nds are available for expenditure on g the current year and frequently also (see revenue detail in Figure 21.
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Figure 3 250,000 200,000 ., , 1 5O,000 In o s sol ._ 1 00,000 50,000 o Total Administrative and Other Grand Total TEN YEAR HISTORY OF NRC EXPENSE BY PURPOSE OAdmin & Other | 0 Publications Activities O Non-government funded activities · Government Contracts and Grants it' ., 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 YEARS ENDING JUNE 30 Specific figures for FY95 and FY96 as shown graphically above ($ in thousands) FY95 FY96 Government Contracts and Grants$ 126,623$ 1 13,249 Non-government Funded Activities>17,95421,682 Publication Activities9,18610,287 145,218 47,954 153,763 50,646 204,409 1 93?
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The financial activity and results of the National Academy of Engineering, the National Academy of Engineering Fund, and the National Academies Corporation (Beckman Center) are audited and reported separately.
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Investments .
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