The Microcirculatory Society, Inc.
Newsletter

Volume 31, Number 1

Summer, 2003



Treasurer's Annual Report, 2003

2002-2003 Microcirculatory Society Financial Statement
(Submitted by Ann L. Baldwin, MCS Treasurer, April 12, 2003)

Society Assets as of 2002 Meeting

Asset

Date Recorded

Amount

Bank One Checking Account

2/28/2002

$25,266.89

Vanguard Asset Allocation

3/22/2002

$89,093.27

Certificate of Deposit

3/22/2002

$81,771.48

Total Assets Reported March 22, 2002:

$196,131.64


Society Assets as of 2003 Meeting

Asset

Date Recorded

Amount

Bank One Checking Account

2/28/2003

$33,010.54

Vanguard Asset Allocation

3/27/2003

$74,834.19

Certificate of Deposit

3/26/2003

$84,227.99

Total Assets Reported April 12, 2003:

$189,332.72


Summary of Income to April 12, 2003

Item Name

Purpose
Receipt Amount

Amer. Physiol. Soc.

Contribution to MCS

$10,000.00

Nature Publishing

--

$13,000.00

MCS Dues Paid 2002/2003

Dues paid from Feb 28,2002 - Feb 28, 2003

$16,416.37

Banquet Tickets 2002

$4,386.00

Donation for Crone Award

Crone Award for 2003

$2,000.00

Fine Science Tools 2002

$3,000.00

Reimbursement from Hilton 2002

$465.00

Donations for Young Investigator
Travel Awards

$190.00

Total Receipts as of April 12, 2003:

$49,457.37

Summary of Expenses to April 12, 2003

Item Name

Purpose

Expenditure Amount

MCS Awards

--

$13,550.76

MCS 2002 Banquet and Projector

$7,952.89

Zweifach Medal Costs

$1,099.83

Landis Award Certificate Costs

$431.06

MCS 2002 Speaker Expenses

$2,980.83

MCS 2002 Council Meeting Expenses

$503.05

Nature Publishing:

347 copies of Microcirculation, Vol. 9(1)

$2,890.51

357 copies of Microcirculation, Vol. 9(2)

$2,973.81

215 copies of Microcirculation, Vol. 9(3)

$1,790.95

Journal Editorial Operations Budget, 2002

$4,000.00

Holly Lopez (Direct Operations)

$616.00

Postage

$478.03

Fed Tax Form Preparation

$890.00

Stationary

$628.71

Credit Card Fee

Secure On-Line Credit Card System

$562.02

Bank Service Fee

$110.19

Conference Call Fee

$220.08

Commonwealth of Mass.

Non-Profit Organization Fee

$35.00

Sub-Total:

$41,713.72

Journal Operations Costs ($3,000) and Managing Editor Stipend ($7,500)

$10,500.00

Total Expenditures as of April 12, 2003:

$52,213.72


MCS Awards Sponsorships

Crone Award: Funded for one more year (anonymous donor)

Krogh Young Investigator Award: No funding for new awardees as of April, 2003.

MCS Donations:
Special thanks to the following members for their contributions to fund tghe Student Travel Awards.
Ann Baldwin, John Bevan, Shu Chien, Robert Gore
Fruzsina Johnson, Julian Lombard, Donald MacDonald
Timothy Secomb, William Stekiel, William Halpern, and Living Systems Instrumentation

Society Awards

Eugene M. Landis Award

$2,000

Crone Award

$2,000

August Krogh Young Investigator Award

$1,000

Microcirculatory Society Travel Award

$2,000

Excellence in Lymphatic Research

$500

Zweifach Student Awards ( 5 @ $500 each)

$2,500

Total Cost for Society Awards:

$10,000

Additional Information Influencing Financial Status up to April 12, 2003
Membership Data:
Numbers:

Total Names in Database

737

Inactive Members

141

Emeritus Members

55

Deceased Members

27

Possible Dues Paying Members

514

Paid Memberrs for 2002

290

Unpaid Members for 2002

224

Paid Members as of March 31, 2003

107

Proposal for Increasing MCS Dues
Current Editorial Costs

Managing Editor's Stipend =

$7,500

Editorial Operations =

$7,000

Travel Expenses =

-0-

Total =

$14,500

Nature Group Publishing Pays =

($12,000)

Total Paid by Microcirc. Society =

$2,500

Current Annual Payment to Publisher

Volume 8 (2001-2002)

$16,235.17

Proposed Editorial Costs

Managing Editor's Stipend =

$10,000

Editorial Operations =

$7,500

Travel Expenses =

$1,500

Total =

$19,000

Taylor & Francis Pays =

($9,000)

Total Paid by Microcirc. Society =

$10,000

Proposed Annual Payment to Publisher

$60 x 291 est. subscriptions

$17,460

Difference in Costs Between Current and Proposed Arrangements

Editorial Costs =

$7,500.00 Increase

Publisher's Costs =

$1,224.83 Increase

Total Increase =

$8,724.83

Proposed Dues Increase =

$8,724.83 / 291 subscriptions = approx. $30 increase


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