2017 Annual Report

Science News | SEPTEMBER 16, 2017 FROM THE DEEP About 3,000 meters underwater off the southeast coast of South America, a stream of deep water from the Atlantic Ocean spills into the Southern Ocean. Recent research tracked the path of that water, called the North Atlantic Deep Water, as it spirals southeastward and up toward the surface around Antarctica. This warmer, saltier water has been linked to the melting of ice shelves, including off the western Antarctic Peninsula (shown).

JO CREBBIN/SHUTTERSTOCK

FINANCIALS

The Society for Science & the Public operates two broad areas of programwork: science journalismandworld- class science competitions for high school andmiddle school students. Ninety-one cents of every dollar spent by the Society goes to support programwork. General and administrative costs are four cents of every expense dollar and fundraising costs are five cents of every expense dollar. Science competitions remain a vibrant and important segment of programwork, accounting for 69 percent of all programspending. The audience for science jour- nalismcontinued to expand in 2017. The Science News website garneredmore than 10million unique visitors during 2017. Twitter followers increased to 2.7million

and remained steady with 2.7million Facebook fans. The Science News in High Schools program contin- ues to play a significant role in the Society’s outreach efforts. The program is funded through individual and corporate grants that sponsor over 4,350 high schools with 43,450 print magazines and unlimited digital access for each sponsored school. The program serves over 4.1 million students. The Society’s balance sheet is very healthy, with unrestricted current assets exceeding current lia- bilities by $27.2 million, yielding a ratio of 4.8 (ratio of current assets to current liabilities). The Society carries no long-term debt and owns its primary office real estate.

The Society’s investment portfolio makes up 79 percent of current assets. The investment portfo- lio is conservatively invested to preserve capital and minimize any downside risk. Restricted assets (grants receivable) make up the largest asset class, which represent future funding commitments from Regeneron, Intel, Broadcom Foundation and additional funders for science com- petitions and other program work.

44 | 2017 ANNUAL REPORT | FINANCIALS