Financial B: Strategic Activities

Generate margins in order to fund strategic activities

Other Information:

The SOA has three principal revenue streams (i.e., sources of funds): member dues, examination fees and fees charged for meetings and seminars. In total, a sufficient level of revenue must be generated to cover the direct cost of the revenue-producing programs and administration, with some margin left over to fund “negative gross margin” activities such as research and international outreach. Historically, basic and continuing education are not only self-supporting, but also contribute to and help cover research projects and operating costs. Membership dues have been used principally to fund the cost of providing services.

Objective(s):

1

Content