Pi Gamma Mu Key
International Honor Society in Social Sciences
The mission of Pi Gamma Mu is to encourage and promote excellence in the social sciences and to uphold the ideals of scholarship and service.

TRIENNIAL FINANCIAL REPORT

During the last triennium, Pi Gamma Mu increased memberships by 12,038.  This brings the total membership in the society's 90 year history to 258,939.  A total of ­­­148 chapters initiated members in the past three years.

The following financial reports are submitted to the chapters to fulfill the requirement of the Pi Gamma Mu Constitution.  They present three aspects of the fiscal affairs of the Society – the income and expenses for the last triennium, the statement of fiscal activities for the 2013-2014 fiscal year, and the cumulative results of Pi Gamma Mu's 90 years of operation:

Income

Income Detail:

  2012 2013 2014
Initiation Fees $176,741 $142,377 $132,659
Investments $63,798 $83,806 $101,081
Other $34,261 $41,162 $39,079

Expenses

Expenses Detail:

  2012 2013 2014
Service to Members   $48,734 $43,976 $45,376
Scholarships and Grants $14,300 $13,650 $14,950
Meetings $48,366 $22,644 $25,167
Headquarters $97,526 $97,361 $122,701

Direct services to members include initiates' key pins, membership certificates and cards, access to the International Social Science Review, the Pi Gamma Mu Newsletter, and postage to mail these items.  Headquarters expenses include staff salaries, insurance, printing, and all the costs required for operating an international society.  Meetings cover the costs of the Triennial convention, annual board meetings, regional meetings, committee meetings, as well as expenditures incurred by officers when they represent the society.  All trustees and governors volunteer their time and expertise, but they are reimbursed for costs when they travel for Pi Gamma Mu.  During the triennium the investments increased by $230,542 due to changes in the stock market. 

2013-2014 STATEMENT OF ACTIVITIES

Total Revenues:      $171,738
Expenses:  

Services to Members:
Headquarters:
Meetings, Legal, ACHS:
Scholarships/Grants:              

$45,376
$122,701
$29,367
$14,950
Total Expenses: $212,394
Change in Net Assets – Operating: ($40,656)
Investment Revenues: $141,737
Change in Net Assets – Total: $101,083
Net Assets, beginning of year:

$771,639

Net Assets, end of year:

$872,722


 

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CHANGE OF EMAIL ADDRESS

We communicate with our members via email.  Anytime your email address changes, such as after graduation, please notify the Pi Gamma Mu office immediately. This will prevent your emails from being interrupted or discontinued. You can send an E-mail message (executivedirector@pigammamu.org), or go to our Web site (www.pigammamu.org) to change your address information. We need your name, as well as your old and new email address. Thank you very much for taking a few minutes to keep your information current.
 

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