Re: [Tccc] Questions on IEEE Cost/Benefit Analysis and Fiscal transparency

Thank you Ravi for the pointer..

This is yet another solid proof of how conferences are a major source of revenues and profit (or call it surplus) to the IEEE, and the fact that the IEEE makes "surplus" or "profit".

Regarding Periodicals such as journal publications: The interesting numbers are: revenues: US$ 121,788,700 and expenses for periodicals are US$108, 291,400 with a net "surplus" from periodicals about US$13,388,300 (13 million surplus from periodicals).

After all expenses and revenues are calculated. The Total NET cash on Dec. 31, 2008 was US$10M while it was US$9.333 M on Dec. 1, 2007. An increase of approx. US$ 660K in net cash "surplus". This is the surplus. This is net cash after all liabilities.

I agree with Ravi, nothing will change. It is an excellent model of operation and hence the IEEE will not change it.

Prof. Ibrahim Habib

---- Original message ----
>Date: Tue, 8 Dec 2009 19:38:27 -0500
>From: "Sankar, Ravi" <sankar@eng.usf.edu>
>Subject: Re: [Tccc] Questions on IEEE Cost/Benefit Analysis and Fiscal transparency
>To: "tccc@lists.cs.columbia.edu" <tccc@lists.cs.columbia.edu>
>
>To those who are interested in checking the financial health of IEEE, please see
>http://www.ieee.org/portal/cms_docs_iportals/iportals/aboutus/annualreport/2008/ieee_annual_report_08.pdf
>
>This will open some eyes and allow you to put forth arguments with more knowledge and understanding. As you can see IEEE is in fairly great financial shape (most of the loss is due to investment loss like everyone of us) and for the past year the conf. revenues were about $130M , the expenses were about $107.5M and that is a gain of about $22.5 M.
>
>The treasurer's report points to the following
>1. Intellectual property revenue increased US$12.6 million primarily due to the sale of IEEE's Electronic Library (IEL),
>which represented US$10.8 million of the increase.
>2. Conference revenue increased US$4.0 million exclusive of intellectual property revenue from conference proceedings
>included above.
>3. Other revenue increased US$2.6 million.
>
>So do you see any reason for IEEE management to change the model? So is this waste of time debating the cost of attendance or too many meetings or anything else since it is not going to get any better.
>
>Ravi Sankar
>[r.sankar@ieee.org]
>
>_______________________________________________
>Tccc mailing list
>Tccc@lists.cs.columbia.edu
>https://lists.cs.columbia.edu/cucslists/listinfo/tccc
_______________________________________________
Tccc mailing list
Tccc@lists.cs.columbia.edu
https://lists.cs.columbia.edu/cucslists/listinfo/tccc