Magazine article California History

2009 Annual Report of the California Historical Society

Magazine article California History

2009 Annual Report of the California Historical Society

Article excerpt

THAT WAS THE YEAR (AND A HALF) THAT WAS

It has been several years since CHS has presented an annual report to our members. Since many of you have inquired about the financial health of the organization during these difficult times, we are happy to provide this brief update.

FINANCIAL POSITION

CHS is weathering the recession as well as most cultural organizations. Through a combination of staff cuts, furloughs, and re-assignments, we reduced expenses by 19% in December 2008. Acting immediately and prudently to suspend transfers, CHS moved quickly to protect the endowment. We have liquidated no assets. Major income categories varied less than 5%, and we finished the year with a net cash loss of $64,000. While we are not happy with the loss, a quick response to outside circumstances lessened their effect.

Our current fiscal year budget is 10% below last year and lower than any year since 2006. The endowment is recovering its losses, and, if membership and the annual spring solicitation come in on target, we have every expectation of finishing the year in the black. Much of that will be determined by you, the members.

PROGRAMS: BY THE NUMBERS

3,700 members supported and participated in CHS programs and services. Society members, do you know someone else who cares about California as deeply as you? Go ahead, invite them to join you as a member.

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991,134 visits to individual pages on the CHS website last fiscal year, an average of 4 pages per visitor, and a 20% increase of over the previous year. …

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