Page 25 - AASP Spring Newsletter 2015

AASP’s 2014 Year End Financial Update

Financial Report from AASP Executive Board

The AASP Executive Board presents this information to the As of December 31, 2014 our funds are in the following accounts.

membership as the fourth and inal inancial report for the 2014
Checking, savings, money market
iscal year. We are pleased to say that AASP continues to be

inancially stable and secure. At the close of the year, we were BMO Harris Bank Checking
149,287

ahead of budget by $70,537. Our year-end income was $821,293,
BMO Harris Foundation Checking
19,861
and our year-end expenses were $750,756. The majority (66%;

$477,290 in total) of AASP’s assets are held in CDs as reserve Forum CU Savings
5

funds. The Federal Deposit Insurance Corporation insures 100% FCFCU Savings
5

of the membership funds.
Summit CU Savings
3,155

AASP’s largest source of income and expenses is the annual BMO Harris Money Market
71,520

conference, with earnings and expenditures both over $350,000.
Subtotal:
$243,833
It has been a inancial goal of the Association to run an expense-

neutral conference, and in 2014. The conference registration fees Checking, savings, money market

are, by far, the most signiicant source of income in AASP’s annual
CD/Time/Rate
Maturity
budget. Those funds are put towards running the conference, with
Date
over half of the funds supporting the food and beverage services

and the AV needs provided at the conference alone. Member Summit CU CD 24M .3%
6/13/16
58,789

registration fees also allow AASP to attract exceptional keynote
Summit CU CD 24M .3%
6/13/16
58,789
and panel speakers.

Summit CU CD 30M 1%
2/12/17
28,382

Our publications (JASP, JSPA, and the Graduate Directory) are
Forum CU CD 33M 1%
10/11/15
74,304
another signiicant source of annual income. In 2014, AASP’s

income from the three publications was $208,000. With publication- Forum CU CD 33M 1%
12/11/15
106,474

related expenses at ~$90,100, we were left with a ~$118,400 Forum CU CD 33M 1%
9/04/16
54,589

proit. Not only do these publications help fund the Association
BMO Harris 60M 1.25%
5/17/17
64,148
and its initiatives, but they also continue to be excellent sources

FCFCU CD 39M 1%
6/26/17
31,815
of research, practice, and professional guidance in sport and

exercise psychology.
Subtotal: CDs
$477,290

Thank you to the members of the Finance Committee, Dean

Culpepper, Larry Lominson, Ian Maynard, and Michael Sachs, for AMEX Gift Cards (Award points cashed)
$200

their valuable inancial guidance to AASP. Special thanks also Total Current Assets
$721,323

go to Barbara Case, Accounting Manager with our management

If you have any questions, concerns, or suggestions related to
company, Holland-Parlette Associates, and Kent Lindeman, AASP
AASP’s inancial activity, please contact Rebecca Concepcion,
Executive Director, for their careful stewardship of our inancial
AASP Secretary-Treasurer, at reb.concepcion.aasp@gmail.com.
health.

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