2007 Annual Report

2007 Financial Report

NSGC’s overarching financial goal is to increase revenues to support continued growth and implementation of the initiatives outlined in Strategic Plan. The past two years have been a period of investment in many of our strategic initiatives, and NSGC has utilized some of our healthy reserves for this planned investment in services that support our members, such as our Billing and Reimbursement strategic initiative, educational strategic planning and the Genetic Counseling Foundation.

The NSGC Board of Directors fully recognizes the need to develop supplemental revenue streams outside of dues revenue to support NSGC’s ongoing programming and provide ongoing financial support for new programs and services. Even during our current period of growth, we have been able to control use of our reserves through diligent expense control and the addition of new revenue streams through pursuit of non-dues revenue such as increasing sponsorship opportunities, enhancing services such as the Job Connection and initiation of new educational offerings such as the Region V online course. The Finance Committee and Board of Directors are working aggressively with all of NSGC’s Committees to evaluate our current services and develop new services that will benefit our members and provide ongoing support for our organization.

Overview of Major Expenses

(1) Annual Education Conference and Short Course
(2) Board of Directors and Committees
(3) Restricted fund. Revenues and expenses are reported separately from NSGC operating revenue and expenses.
(4) Expenses include staff, legal, insurance, public relations, accounting, bank fees, web services, printing, postage, teleconferences, etc.

Account Balances as of December 31, 2007

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