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ABRF Annual Budget�Overview��January 2025

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2024 Projection Summary

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2024 Summary

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Category	2024� Budget	2024 Projection	2024�Variance
Revenue	$1,475,350	$1,470,997	($4,353)
Expenses	$1,471,021	$1,388,990	$82,031
Net Revenue	$4,329	$82,006	$77,678

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2024 Projection and 2025 Budget

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Category	2024 Projection	2025 Budget	Difference
Revenue
Membership Dues	$215,865	$282,800	$66,935
Annual Meeting Registration	$314,995	$307,500	($7,495)
Annual Meeting Sponsorship	$909,944	$897,600	($12,344)
Other	$30,193	$46,700	$16,507
Total Revenue	$1,470,997	$1,534,600	$63,603

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2024 Projection and 2025 Budget

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Category	2024 Projection	2025 Budget	Difference
Expenses
Administration	$64,175	$31,169	($33,006)
Advocacy	$54,349	$66,894	$12,545
Annual Meeting	$856,607	$1,088,595	$231,988
Communications	$82,886	$93,976	$11,090
Executive Board	$117,779	$73,038	($44,741)
Financial Management	$59,113	$58,684	($429)
Membership	$78,871	$58,630	($20,241)
Research Groups/Committees	$75,211	$60,184	($15,027)
Total Expenses	$1,388,990	$1,531,170	$142,180
Net Revenue:	$82,006	$3,430	($78,576)

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2024 Budget vs. Projection and 2025 Budget Summary

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	2024 �Budget	2024 �Projection	Draft �2025 Budget
Revenue
Administration	$ -	$25,500	$10,000
Membership	$208,700	$215,865	$282,800
Annual Meeting	$1,266,650	$1,227,132	$1,216,800
Communications	$ -	$2,500	$5,000
RGs/Committees	$ -	$-	$20,000
Total Revenue:	$1,475,350	$1,470,997	$1,534,600
Expenses
Administration	$50,035	$64,175	$31,169
Advocacy	$53,506	$54,349	$66,894
Annual Meeting	$998,067	$856,607	$1,088,595
Communications	$96,121	$82,886	$93,976
Executive Board	$76,865	$117,779	$73,038
Financial Management	$67,409	$59,113	$58,684
Membership	$65,731	$78,871	$58,630
Research Groups & Committees	$63,286	$75,211	$60,184
Total Expenses:	$1,471,020	$1,388,990	$1,531,170
Net Revenue:	$4,330	$82,006	$3,430

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Key 2025 Annual Budget Parameters

Revenue

Individual Members 400
Institutional Members 50
Group Members 40�
Annual Meeting Registrants 400
Sponsorship Revenue $897,600
Education Programs $20,000

Expenses

2024 AMR Workplan Estimate $280,476
Research Group Studies $20,000
JBT Production $48,000

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Sources of Revenue

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Program Areas	2024 �Projection	2024 Per Cent Revenue	2025 Budget	Per Cent Revenue
Revenue
Annual Meeting	$1,227,132	83%	$1,216,800	79%
Membership Dues	$215,865	15%	$282,800	18%
Research Groups/�Committees	$2,500	0.3%	$20,000	1%
Miscellaneous Revenue	$25,500	1.7%	$15,000	1.4%
Total Revenue:	$1,470,997	100%	$1,514,600	100%

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Revenue Benchmarks

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Source: ASAE Operating Ratio Report; 16^th edition (2022)

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Uses of Revenue

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Expenses	2024 �Projection	2024 Per Cent Revenue	2025 Budget	Per Cent Revenue
Administration	$64,175	5%	$31,169	2%
Advocacy	$54,349	4%	$66,894	4%
Annual Meeting	$856,607	62%	$1,088,595	72%
Communications	$82,886	6%	$93,976	6%
Executive Board	$117,779	6%	$73,038	5%
Financial�Management	$59,113	5%	$58,684	4%
Membership	$78,871	5%	$58,630	4%
RGs, Committees	$75,211	4%	$60,184	4%
Total Expenses:	$1,388,990	94%	$1,531,170	99%

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Key Expense Benchmarks

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Source: ASAE Operating Ratio Report; 16^th edition (2022)

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Program Expense Benchmarks

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Source: ASAE Operating Ratio Report; 16^th edition (2022)

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ABRF Investments

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2024 Growth: 35%�2024 Returns: 12%

January – December 2024

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Programmatic Allocation of Expenses

ABRF Program Areas

Administration
Advocacy
Annual Meeting
Communications
Executive Board
Financial Management
Membership
Research Groups/Committees

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Distribution of ABRF Expenses: 2024-2025

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2024 Budget vs. Projection and 2025 Summary

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	2024 �Budget	2024 �Projection	Draft �2025 Budget
Revenue
Administration	$ -	$25,500	$10,000
Membership	$208,700	$215,865	$282,800
Annual Meeting	$1,266,650	$1,227,132	$1,216,800
Communications	$ -	$2,500	$5,000
RGs/Committees	$-	$-	$20,000
Total Revenue:	$1,475,350	$1,470,997	$1,534,600
Expenses
Administration	$50,035	$64,175	$31,169
Advocacy	$53,506	$54,349	$66,894
Annual Meeting	$998,067	$856,607	$1,088,595
Communications	$96,121	$82,886	$93,976
Executive Board	$76,865	$117,779	$73,038
Financial Management	$67,409	$59,113	$58,684
Membership	$65,731	$78,871	$58,630
Research Groups & Committees	$63,286	$72,211	$60,184
Total Expenses:	$1,471,020	$1,388,890	$1,531,170
Net Revenue:	$4,330	$82,006	$3,430

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Annual Meeting Comparison

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	2024 �Budget	2024 �Projection	Draft �2025 Budget	2025 Budget v. 2024 Projection Variance
Revenue
Registration	$422,500	$314,995	$307,500	($7,495)
Sponsorship	$834,400	$909,444	$897,600	($12,400)
Other Revenue	$9,750	$2,193	$11,700	$9,507

Total Revenue:	$1,266,650	$1,227,132	$1,216,800	($10,388)
Key Expenses
Audiovisual	$130,000	$111,031	$200,000	$88,969
Food/Beverage	$397,000	$350,558	$405,000	$54,442
Speakers’ Expenses	$83,388	$26,000	$35,544	$9,544
Event Technology	$44,296	$41,000	$40,744	($256)

Total Expenses:	$998,067	$856,607	$1,088,595	$231,988
Net Revenue:	$268,583	$370,525	$128,205	($242,320)

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Changes from 2024

5% workplan fee increase = $13,356�
No resources available for:�

DEIB education for volunteers
Executive Board (on-demand) education
Grant-seeking/writing assistance
RG presentations at related meetings
Science writers

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Discussion Topics

Identifying/expanding other sources of revenue

Engaging Grants Administration partner

Grant seeking process (R25)

Marketing Business Skills Workshop to Institutions
Philanthropic Support from Corporate Partners
Growing Advertising Revenue

Web site
Knowledge Center
Career Center

Future of FASEB membership/ collaboration

Dues
Collective service offerings

Meetings
Professional Development/Education
Publications

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ABRF Annual Budget�Overview��January 2025

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Trends Expected to Impact Associations

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The Case for Foresight: Drivers of Change

Thematic Areas for Drivers of Change