seeking opportunities to demonstrate
increased social responsibility and environmental conservation. Featuring topics
related to environmentalism, energy and
sustainability, the issue included articles
about green business practices, green
buildings and green meetings. The magazine’s new paper stock made its debut
that issue — paper certified by the Forest Stewardship Council (FSC), a group
that ensures the paper is produced in the
most environmentally sensitive manner.
The April issue also was honored with
several awards: It received a 2008 EXCEL
Silver Award from the Society of National
Association Publications (now known as
Association Media & Publishing) in the
“Magazine: Single Topic Issue” category,
as well as two prestigious environmental
communications awards from Washington, D.C.-based Global Environmental
Communications LLC as part of its
annual ECO Awards competition — an
Award of Excellence for environmental
writing and an Award of Merit for environmental design and illustration on its
cover. FORUM also won an APEX Award
of Publication Excellence — Magazine &
Journals — Print Over 32 Pages — for its
February 2009 issue.
NEW LEADERSHIP
After an extensive, in-depth national executive search that included more than 300
applicants, Christie A. Tarantino, CAE, was
selected to lead the Forum. Tarantino
became the Forum’s new president and
CEO in mid-January. She previously was
executive director of the 35,000-member
Academy of General Dentistry in Chicago,
managing a staff of 80 and a $14 million
budget.
ASSOCIATION FORUM OF CHICAGOLAND AND AFFILIATE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(MARCH 31, 2009 AND 2008)
Association
Foundation
2009
Total
Association
Foundation
2008
Total
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Investments
Accounts receivable, net of allowance for doubtful
accounts of $10,000 at March 31, 2009 and 2008
Prepaid income taxes
Prepaid expenses
Interorganizational balances
Total Current Assets
$795,133
36,559
$107,704
–
$902,837
36,559
$776,024
35,816
$47,843
–
$823,867
35,816
109,980
3,405
98,858
26,159
1,070,094
–
–
18,536
( 26,159)
100,081
109,980
3,405
117,394
–
1,170,175
121,876
3,405
152,610
3,867
1,093,598
–
–
18,291
( 3,867)
62,267
121,876
3,405
170,901
–
1,155,865
PROPERTY AND EQUIPMENT
OTHER ASSETS
Investments
Total Assets
577,432
–
577,432
575,645
–
575,645
1,828,146
$3,475,672
57,389
$157,470
1,885,535
$3,633,142
2,471,063
$4,140,306
81,419
$143,686
2,552,482
$4,283,992
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Accounts payable and accrued expenses
Deferred revenues
Dues
Other
Total Current Liabilities
$116,389
$1,305
$117,694
$168,256
$- $168,256
337,333
64,904
518,626
–
46,044
47,349
337,333
110,948
565,975
363,747
59,540
591,543
–
32,900
32,900
363,747
92,440
624,443
NONCURRENT LIABILITIES
Deferred compensation
Deferred rent
Total Noncurrent Liabilities
Total Liabilities
65,307
76,292
141,599
660,225
–
–
–
47,349
65,307
76,292
141,599
707,574
92,752
61,875
154,627
746,170
–
–
–
32,900
92,752
61,875
154,627
779,070
NET ASSETS, UNRESTRICTED
General operating
Board designated Capital Reserve Fund
Total Net Assets
2,065,447
750,000
110,121
–
2,175,568
750,000
3,394,136
–
110,786
–
3,504,922
–
