Board's Action

Context

Finances

Received the financial statements as of May 31, 2011.

As of May 31, NASW’s total asset position was $15.5 million. Overall, assets increased by $1.1million from the same time last year, due to an increase in cash and long-term investments. Revenue year-to-date totaled $16.4 million. Dues revenue, on an accrual basis, was $9 million, down $156,000 from the same time last year. Expenses year-to-date totaled $14.9 million, down $1.2 million, with savings due to outsourcing of the member call center and continuing cost containment. Operating revenue exceeded operating expenses by $1.5 million.

NASW Assurance Services Inc.

Approved motions related to NASW Assurance Services Inc.

See: ASI Board President Elected; New Members Appointed for more information.

Governance

Accepted revision to bylaws Article XII.A, to ensure greater chapter flexibility.

Previous language specified the geographic breakdown of the 56 chapters of NASW. New language reads: “Under NASW National Board established policy, no more than 56 chapters may be formed at various levels, including state, regional and or/other appropriate geographic designations. The Association shall support chapters as appropriate to promote its general purposes and objectives.”