2013 Annual Report: Sustainability – Corporate Support Rebounds with Increase in Annual Meeting Support
Corporate Funding: $826,000 We continue to work with companies and foundations to fund our mission through the Industry Roundtable (IRT) program, sponsorships, and royalties. We believe that the corporate area has been largely underworked and there is much more opportunity for growth. The Development staff is building relationships with companies and foundations to increase participation in our philanthropic activities. The 2013 Annual Meeting & OTO EXPOSM provided an excellent opportunity to engage corporate leaders in AAO-HNSF. A financial summary for each program is included with the updates below. Annual Meeting Sponsorships: $237,000The good news story in the corporate world is the increased interest in annual meeting sponsorships and promotional opportunities. For FY13, we exceeded our budget mark by 63 percent ($236,500 vs. $150,000). Annual meeting sponsorship income is already well ahead of budget for FY14. Our plans include continuing to expand sponsorship opportunities for the 2014 Annual Meeting, as well as approaching potential sponsors earlier in their budget cycle for next year. Industry Roundtable (IRT): $208,000 General funding for mission support continues to be a challenge for the organization. Due to recent changes in regulations, it is becoming increasingly difficult for industry to support general mission requests, annual meeting support, and educational efforts. Grant requests include the following funding areas: humanitarian aid travel grants, resident leadership grants, CORE, annual meeting educational support, and International Visiting Scholars. We continue to look at ways to revitalize the corporate giving program and are seeking to benchmark our program with programs from similar organizations. Academy Advantage Royalties: $381,000 The Academy Advantage program continues to offer members select services at discounted rates. For FY13, we closed the year $57,000 (18 percent) over anticipated revenues. Our partnership with HealtheCareers is exceptionally strong and we are seeing good growth in the partnership. In an effort to bolster income, we are working to increase the number of Academy Advantage partners.
Corporate Funding: $826,000
We continue to work with companies and foundations to fund our mission through the Industry Roundtable (IRT) program, sponsorships, and royalties. We believe that the corporate area has been largely underworked and there is much more opportunity for growth. The Development staff is building relationships with companies and foundations to increase participation in our philanthropic activities. The 2013 Annual Meeting & OTO EXPOSM provided an excellent opportunity to engage corporate leaders in AAO-HNSF.
A financial summary for each program is included with the updates below.
Industry Roundtable (IRT): $208,000
General funding for mission support continues to be a challenge for the organization. Due to recent changes in regulations, it is becoming increasingly difficult for industry to support general mission requests, annual meeting support, and educational efforts. Grant requests include the following funding areas: humanitarian aid travel grants, resident leadership grants, CORE, annual meeting educational support, and International Visiting Scholars. We continue to look at ways to revitalize the corporate giving program and are seeking to benchmark our program with programs from similar organizations.
Academy Advantage Royalties: $381,000
The Academy Advantage program continues to offer members select services at discounted rates. For FY13, we closed the year $57,000 (18 percent) over anticipated revenues. Our partnership with HealtheCareers is exceptionally strong and we are seeing good growth in the partnership. In an effort to bolster income, we are working to increase the number of Academy Advantage partners.