The society’s total assets as of May 31, 2011 are as follows:

  • Cash accounts (community checking + money market business): $1,135,582.31

  • Total CDs: $179,791.03

This report covers the period from June 1, 2010 to May 31, 2011. Because of the ongoing success of Molecular Biology and Evolution (MBE), whose revenue continues to increase, the society remains in outstanding financial health. Society membership increased during FY 2010: membership-only subscriptions increased from 264 in 2009 to 541 in 2010, while society membership + journal subscriptions increased from 308 in 2009 to 334 in 2010.

The society used its income to publish its two journals, MBE and Genome Biology and Evolution (GBE), and to support its annual meeting in 2010 held in Lyon, France. This included providing graduate and postdoctoral travel awards, funding the Walter Fitch Prize Symposium (a cash prize for the winner and travel funds for eight contestants), running the Undergraduate Diversity Mentoring Program, supporting travel/accommodation for Council members, and providing travel incentives for associate editors of MBE and GBE.

Expense CategoryJune 1, 2010– May 31, 2011
Interest income2,491.79
OUP journal revenue (MBE)570,358.00
Society fees collected by OUP20,678.00
Annual meeting reimbursement0.00
Total inflows593,527.79
2011 and 2012 meetings130,000.00
Bank charges300.00
Accounting1,650.00
Corporation fee60.00
Fitch prize1,500.00
SMBE Council and editors-in-chief travel32,912.87
MBE/GBE associate editors’ travel incentive33,551.48
Student awards (fitch, undergrad, grad, postdoc)72,991.02
SMBE website maintenance0.00
SMBE treasurer expenses0.00
MBE editorial office expenses76,382.64
MBE editor expenses0.00
GBE editor expenses25,000.00
GBE “Highlight” honoraria1,000.00
Postage437.83
Total outflows375,785.84
Overall total217,741.95
Expense CategoryJune 1, 2010– May 31, 2011
Interest income2,491.79
OUP journal revenue (MBE)570,358.00
Society fees collected by OUP20,678.00
Annual meeting reimbursement0.00
Total inflows593,527.79
2011 and 2012 meetings130,000.00
Bank charges300.00
Accounting1,650.00
Corporation fee60.00
Fitch prize1,500.00
SMBE Council and editors-in-chief travel32,912.87
MBE/GBE associate editors’ travel incentive33,551.48
Student awards (fitch, undergrad, grad, postdoc)72,991.02
SMBE website maintenance0.00
SMBE treasurer expenses0.00
MBE editorial office expenses76,382.64
MBE editor expenses0.00
GBE editor expenses25,000.00
GBE “Highlight” honoraria1,000.00
Postage437.83
Total outflows375,785.84
Overall total217,741.95

This article also appears, with doi: 10.1093/gbe/evs079, in Genome Biology and Evolution by permission of both Editors-in-Chief. Also published as Genome. Biol. Evol. 4(12):918.