21
2013 Annual Repor t
MANAGEMENT’S DISCUSSION AND ANALYSIS
In 2013, operating revenue totaled $674,000, which was a $384,000
decrease from 2012 levels due to the end of a multi-year grant. By
reducing operating expenses to $1,113,000, the ONS Foundation
incurred a $439,000 operating loss. All types of contribution revenues
were lower compared to 2012. During the year, the ONS Foundation
cut operating costs when compared to the prior year by $170,000.
OPERATING REVENUE 2013
FUND-RAISING
Registration fees................................................................$12,439
Contributions–unrestricted.............................................. $360,630
Contributions–temporary................................................ $234,303
Contributions–permenantly restricted................................ $3,511
Sponsorships..................................................................... $2,500
In 2013, the ONS Foundation spent 67% of its operating expenses on
programs and 33% on administration (9%) and fund-raising (24%).
The level of fund-raising costs remained consistent on a dollar basis,
but because of the lower overall operating costs, the percentage
increased from 21% to 24%.
Investment gains helped non-operating activities, providing the ONS
Foundation with net revenue of $1,476,000. After combining the
non-operating gains to the operating activity, the ONS Foundation
generated an overall net profit of $1,038,000 in 2013. The investment
gains have strengthened the ONS Foundation’s endowment, which will
allow for increasing funding, benefiting oncology nurses in the future.
Fund-raising sales............................................................. $57,340
Other revenue..................................................................... $3,300
Total.............................................................$674,024
OPERATING EXPENSES
ADMINISTRATION
PROGRAMS
Payroll, taxes, and fringes............................................... $365,612
Meetings........................................................................... $49,137
Awards, scholarships, and grants................................... $366,420
Printing, duplicating, postage, and marketing................... $22,954
Rent and utilities............................................................... $56,959
Cost of goods sold............................................................ $18,925
ONS Foundation Leadership
2013–2014 BOARD OF DIRECTORS
Legal and accounting......................................................... $6,013
General administration...................................................... $23,204
Contract services.............................................................. $87,989
Services and honoraria.................................................... $115,464
Miscellaneous......................................................................... $31
Anne Belcher, PhD, RN, AOCN®, ANEF, FAAN, President
Joseph Tariman, PhD, Trustee
Total......................................................... $1,112,706
Mary Beth Reardon, RN, MS, OCN®, President-Elect
Deborah Walker, DNP, FNP-BC, AOCN®, Trustee and
ONS Board Representative
OPERATING EXPENSES
Bertie Ford, RN, MS, Secretary
Bernard Jackvony, Esquire, Treasurer
Kathleen Bond, Trustee
Cynthia Smith Idell, RN, BA, MSN, AOCN , Trustee
EX-OFFICIO
Mary Gullatte, PhD, RN, ANP, BC, AOCN®, FAAN
ONS President
®
Raymond Lenhard, Jr., MD, Trustee
Carol Jackson, Trustee
Susan McMillan, PhD, ARNP, FAAN, Trustee
EX-OFFICIO AND ONS CHIEF EXECUTIVE OFFICER
Paula Trahan Rieger, RN, MSN, CAE, FAAN
EXECUTIVE DIRECTOR
Linda M. Worrall, RN, MSN
Programs........................................................................ $741,589
Administration................................................................. $105,222
Fund-raising.................................................................... $265,895
Total......................................................... $1,112,706