Charles Swift
Allison Porter
Asif Mehmood

MESSAGE FROM THE FINANCE, AUDIT, AND INVESTMENT COMMITTEE

MANAGING THE LANDSCAPE

Marketing EDGE continues to closely manage its financial base to maintain its strong base for the long haul, while investing what is needed to execute programs designed to meet the industry's evolving landscape. The Board's gauge to enable this balance is through the management of our bottom line, which was achieved in FY2015.

In addition to close organizational management to achieve this result, the expertise and laser focus from our investment partners completes the picture. We're proud to continue our partnership with The Sardana Group of UBS as we keep a close watch on the national and global marketplace.

Lastly, as the industry landscape changes... so do our fundraising efforts. Earlier this year we introduced a dynamic new fundraising model — our Corporate Leadership Program — to significantly strengthen engagement among our key corporate partners. We look forward to telling you more about this and other initiatives in the months to come.

We invite you to take a more detailed look at our most recent financials (provided below). And we thank our board, staff, and benefactors for helping to provide a decided edge to young, aspiring professionals in the field of marketing.

Sincerely,
Charles Swift, Treasurer
Allison Porter, Assistant Treasurer
Asif Mehmood, EDGE Financial Controller

STATEMENT OF ACTIVITIES

Fiscal Year July 1 – June 30, FY2015 and FY2014

 
FY2015
FY2014

REVENUE

Support & Revenue:
Contributions
$651,218
$457,074
Next Generation Leader
$270,167
$281,866
Investment return, net
$200,098
$967,718
Journal of Interactive Marketing
$197,455
$239,067
Lee Epstein Fund
$41,176
$6,675
Special Events net of direct benefits to donors of $189,397 and $205,767 in 2015 and 2014, respectively
$385,142
$482,076
In-kind contributions
$603,380
$711,945
Total Support & Revenue
$2,348,636
$3,146,421

EXPENSES

Program services
$1,921,080
$1,996,164
Supporting services:
Administration
$272,403
$381,248
Fundraising
$395,052
$307,391
Total Supporting Services
$667,455
$688,639
Total Expenses
$2,588,535
$2,684,803
Unrealized gain on investments
$(320,400)
$(274,819)
Change in Net Assets
$(560,299)
$186,802

NET ASSETS

Beginning of year
$8,982,117
$8,795,315
End of year
$8,421,818
$8,982,117

Marketing EDGE is a non-profit corporation organized under the laws of the State of Illinois. The mission of Marketing EDGE is to Educate, Develop, Grow, and Employ college students in the field of Marketing. Marketing EDGE is exempt from income taxes under Section 501 (c) (3) of the Internal Revenue Code.

Condon O’Meara McGinty & Donnelly LLP has audited Marketing EDGE’s complete financial statements, which include the statements of financial position as of June 30, 2015 and 2014, and the related statements of activities and cash flows for the years then ended and has expressed an unqualified opinion on them. A copy of such statement is available from the Direct Marketing Association Finance Department, upon request.