Society’s total assets as of May 31, 2014, are as follows: $2,933,887.35
• Cash accounts (community checking + money market business): $2,749,480.42
• Total CDs: $184,406.93
This report covers the period of June 1, 2013–May 31, 2014. Due to the ongoing success
of Molecular Biology and Evolution (MBE) and Genome Biology and Evolution (GBE), whose
revenues continue to increase, the society remains in outstanding financial health.
Society membership decreased marginally during financial year 2013: Membership-only
subscriptions decreased from 732 in 2012 to 332 in 2013, whereas Society membership
+ journal subscriptions increased from 313 in 2012 to 687 in 2013.
The society used its income to publish its two journals, M
BE and GBE, and to support its annual meeting, in 2013, held in Chicago, IL. This
included providing increased graduate and postdoctoral travel awards, funding the
Walter Fitch Prize Symposium (a cash prize for the winner and travel funds for all
eight contestants), running the Undergraduate Diversity Mentoring Program (UDMP),
subsidizing the provision of on-site childcare, supporting the travel and accommodation
of Council members, and providing travel incentives for associate editors of MBE and
GBE. We also supported three satellite meetings on important, focused and timely topics
related to molecular evolutionary biology.
We continue to receive an annual donation of $2,000USD from Masatoshi Nei to support
an honorarium for publication in MBE of the annual Nei Lecture given by the President
of Society for MBE (SMBE) during the annual meeting. The 2013 Nei Lecture is to be
the first lecture published under this scheme. The total value of the honorarium is
to be $4,000USD.
Expense Category
June 1, 2013– May 31, 2014 (USD)
Interest income
532.23
OUP signing bonus (new contract negotiation)
125,000.00
OUP journal revenue (MBE)
585,510.00
OUP journal revenue (GBE)
131,224.00
Society fees collected by OUP
9,817.00
Annual meeting reimbursement
0.00
Nei Lecture fund donation (Masatoshi Nei)
2,000.00
Total inflows
854,083.23
2013 annual meeting
146,120.00
SMBE satellite meetings
54,796.50
Support for diversity programs (e.g., UDMP, childcare subsidy)
27,685.84
Nei Lecture publication honorarium
0.00
Bank charges
295.00
Accounting
1,750.00
Consultancy and professional society management
3,620.00
Corporation fee
40.00
Fitch prize
1,500.00
SMBE council and editors-in-chief travel
26,915.29
MBE/GBE associate editors travel incentive
110,001.07
SMBE travel awards (Fitch, graduate, postdoc)
46,969.00
SMBE website maintenance
514.81
SMBE treasurer expenses
0.00
MBE editorial office expenses
65,356.66
MBE editor expenses
66,000.00
MBE highlights and press releases
6,370.00
GBE editor expenses
0.00
GBE “Highlight” honoraria
10,090.50
Postage
0.00
Total outflows
568,024.67
Overall total
286,058.56