Fall 2024 Treasurer Update

Fall 2024 Treasurer Update

By David A. Langer, PhD, ABPP
SCCAP Treasurer

I am pleased to report that our society remains in strong financial condition, using our funds to support the many projects and initiatives that further our society’s mission. In this column, I will summarize the financial updates I presented at APA:

• Our total assets, the vast majority of which (~90%) are in our protected endowment continue to put us on sound financial footing and have grown considerably (~56% growth in the past 5 years). This growth is a combination of investment gains and careful management of society income resulting in multiple budget surpluses in recent years.
• With our strong financial base, we have not raised membership dues in nearly 20 years, and we continue to provide free membership to students.
• We have used our funds to support a myriad of member-benefit initiatives in recent years, including: our Clinical Practice Institute, Special Interest Groups, webinars, LEAD Institute, Future Directions Forum, awards for those in training and those being recognized for their distinguished careers, the establishment of our practice-oriented journal (Evidence-based Practice in Child and Adolescent Mental Health), public- and member-facing websites, newsletters (like this one!), and conference programming at APA.
• The SCCAP board approved a preliminary version of our 2025 budget at the 2024 APA Convention and will vote on a final 2025 budget when the board’s executive committee meets for their midwinter meeting in early 2025.
• Lastly, a new endeavor, which we are excited to fund exclusively, is the upcoming 2025 SCCAP Conference. We hope to see you there!