Report of the Treasurer

June 1, 2010 to May 31, 2012

Sharon Glazer, TreasurerUniversity of Maryland, MD, USA

Delivered at the 21st Congress of the IACCPStellenbosch, South Africa, July 17, 2012

Fiscal Year

IRS 501(c)3 tax-exempt (non-profit) status U.S. Employer Identification Number is:

26-1879596

Fiscal Year June 1-May 31

Report represents FY10 and FY11Currently in FY12

Overview

Resources of the Association are stableMembership declined in 2011 and

increased in 2012 Current total equity of the association is

$257,954 2011 FY: $188,039 2010 FY: $169,599 2009 FY: $175,821 $20,495 in CD dedicated for the Pola and

Harry Triandis fund

MembershipJuly 2008: 644 members in good standingJune 2010: 642 members in good standing

Representing 78 countriesJune 2012: 763 members in good standing

Representing 71 countriesDues Reminders:

Postal mail and email 66 renewed after receiving postal mailing58 returned envelopes; many of these

members have been contacted and we have updated their profiles with their current address.

Membership Details

Majority of active members in USA & Europe 176 USA 278 Europe

66 in Germany 43 United Kingdom

110 Asia (S. Asia, SE Asia, E. Asia)32 Japan21 India

48 Canada 44 Australia/New Zealand 23 North Africa/Middle East

15 Israel 21 Central and South America 68 Central/South Africa

17 Cameroon17 Nigeria

Payment MethodOn-Line Payments account for 89.9%

of dues paid.PayPal presented problems for some

members$10,887 accrued FY11

YourPay Merchant Services- since May 2010$33,675 accrued in membership fees

FY11Other payment forms

cash or check payments – 9.3% money order/Western Union

Members’ Dues, Awards, Contributions

$76,310 in dues contributions since June 1, 2010$35,425 FY10 $40,885 FY 11SIG: 23 members each paid $5 = $115

Sponsorships: $1,040 (25 sponsorships)Harry and Pola Triandis Doctoral Thesis

Award: $817 ($517 FY11)Witkin/Okonji Memorial Fund: $858 ($408

FY11)

IACCP Contributions12 recipients of Witkin/Okonji Memorial Fund

award (to be reimbursed against receipts)$20,957 Regional conference, Turkey, 2009$18,510 Congress, Melbourne, 2010$5,000 Congress in Stellenbosch, 2012$2,045 Bahama Psychological Association;

Cultural Psychology PreConference, SPSP$2,035 Harry and Pola Triandis Dissertation

Awardee (2 x $500 honorarium, $1000 travel-related costs, $35 transfer fee), 2010; 2012

Publications$46,845 Total Publications ExpensesBeginning January 2011, IACCP no longer had

to pay Sage for subscriptions to the Journal of Cross-Cultural Psychology

Nearly $30,243 was reimbursed or paid out to the Editor of JCCP; FY10-FY11

The Bulletin expenses were about $4,013The Online Readings in Psychology and Culture

(ORPC) expenses:$1,500 IACCP also receives royalties from Sage

April 2010: $52,767April 2011: $51,582April 2012: $57,070

Taxes, Insurance, Office Expenses

Accountant: $3,125

Insurance: $3,254

Software and supplies: $1,071

Estimated Future Expenses (FY12)

Anticipated costs CostsLonner speaker $4,500 PhD Workshop, ARTS, and EC support $8,000 JCCP and ORPC Editors $25,460 Treasurer Asst./Bookkeeper/Accountant $11,000 W/O awardees $15,000IUPsyS, IACCP, Bahama $1,000 ARTS recipients $5,000Total Anticipated Costs $69,960

Assistant to the Treasurer

Katie Lewis, University of Baltimore, Feb. 2011-present

Emalynn Robinson, San Jose State University, January 2009-February 2011

Assistants average approximately 10 hours per week at a rate of $15 per hour.

Emalynn paid directly from the university from IACCP donations; Katie is paid directly from IACCP

Summary Financially IACCP is secure

YourPay and PayPal are satisfying most members’ payment requirements

2010 and 2011 expenditures were exceptionally high due to poor budgeting for congress and regional conference; 2012 budget should return us to normalcy – Thank you, Deon and Paragon!

Thank you!sglazer1@umd.edu