Society For Biomaterials 2007 Annual Meeting Society For Biomaterials 2007 Annual Business Meeting April 20, 2007 ● Sheraton Chicago Hotel & Towers

Society For Biomaterials 2007 Annual Meeting

Society For BiomaterialsSociety For Biomaterials

2007 Annual Business Meeting2007 Annual Business MeetingApril 20, 2007 April 20, 2007 ● Sheraton Chicago Hotel & Towers● Sheraton Chicago Hotel & Towers


AgendaAgenda

Welcome & President's ReportWelcome & President's Report C. Mauli AgrawalC. Mauli Agrawal

Election of 2007-08 AC&N CommitteeElection of 2007-08 AC&N Committee Vote RequiredVote Required

Election of 2007-08 Membership Committee Election of 2007-08 Membership Committee Vote RequiredVote Required

Election of 2007-08 Member-at-LargeElection of 2007-08 Member-at-Large Stuart GoodmanStuart Goodman

Bylaws AmendmentBylaws Amendment Tim TopoleskiTim Topoleski

Member-at-Large ReportMember-at-Large Report David KohnDavid Kohn

Financial Report Financial Report Lynne JonesLynne Jones

Incoming President's CommentsIncoming President's Comments Martine LaBergeMartine LaBerge

New BusinessNew Business C. Mauli AgrawalC. Mauli Agrawal

AdjournAdjourn


President’s ReportPresident’s Report

C. Mauli Agrawal, PhD, PEC. Mauli Agrawal, PhD, PEThe University of Texas at San AntonioThe University of Texas at San Antonio


www.biomaterialsvideos.orgwww.biomaterialsvideos.org


Gold SponsorsGold Sponsors


Silver SponsorsSilver Sponsors


Bronze SponsorsBronze Sponsors


Bronze SponsorsBronze Sponsors


Awards, Ceremonies and Awards, Ceremonies and Nominations CommitteeNominations Committee

Incoming Chair: Jim Burns, PhD, Genzyme CorporationIncoming Chair: Jim Burns, PhD, Genzyme Corporation

Four Committee members to be elected from at least six Four Committee members to be elected from at least six nominations needed from the floor. nominations needed from the floor.

1.1.

2.2.

3.3.

4.4.

5.5.

6.6.


Membership CommitteeMembership CommitteeIncoming Chair: Nicholas Ziats, PhD Incoming Chair: Nicholas Ziats, PhD

Case Western Reserve UniversityCase Western Reserve University

Four Committee members to be elected from at least six Four Committee members to be elected from at least six nominations needed from the floor. nominations needed from the floor.

1.1.

2.2.

3.3.

4.4.

5.5.

6.6.


2007 Election Results2007 Election Results

2007-2008 President-Elect2007-2008 President-Elect

Jeffrey Hubbell, PhDJeffrey Hubbell, PhDÉÉcole Polytechnique Fcole Polytechnique Fééddéérale de Lausannerale de Lausanne

2007-2009 Secretary / Treasurer - Elect2007-2009 Secretary / Treasurer - Elect

Antonios Mikos, PhDAntonios Mikos, PhDRice UniversityRice University


Stuart Goodman, MD, PhDStanford University Medical Center

Chair, Awards, Ceremonies & Nominations Committee

Election of 2007-2008Election of 2007-2008Member-at-LargeMember-at-Large

Candidates:• Julia Babensee, PhD

Georgia Institute of Technology

• Tim Topoleski, PhDUniversity of Maryland, Baltimore County


Bylaws AmendmentBylaws Amendment

ARTICLE III - MEETINGS OF MEMBERS

Section 5. QuorumThe presence of not less than ten percent of the total active membership fifty (50) active members of the Society shall be necessary to constitute a quorum for the transaction of business. If a quorum is not present at any meeting of members, a majority of the members present may adjourn the meeting from time to time without further notice.

Tim Topoleski, PhDTim Topoleski, PhDUniversity of Maryland, Baltimore CountyUniversity of Maryland, Baltimore County

Chair, Bylaws CommitteeChair, Bylaws Committee


VOTE REQUIREDVOTE REQUIRED

Bylaws AmendmentBylaws Amendment


Member-at-Large ReportMember-at-Large Report

David Kohn, PhDDavid Kohn, PhD

University of MichiganUniversity of Michigan

Department of Biology & Material ScienceDepartment of Biology & Material Science


Financial ReportFinancial Report

Lynne Jones, PhD

Johns Hopkins University

Department of Orthopaedic Surgery


INCOMEINCOMEGeneralGeneral $85,644$85,644Annual MeetingAnnual Meeting $496,324$496,324Investment IncomeInvestment Income $27,697$27,697PublicationsPublications $423,265$423,265Other revenue Other revenue $22,678$22,678Assets released from restriction*Assets released from restriction* $2,500$2,500Total IncomeTotal Income $1,058,108$1,058,108

Non Operating RevenueNon Operating RevenueTextbook RoyaltyTextbook Royalty $23,203$23,203C.W. Hall Scholarship FundC.W. Hall Scholarship Fund $1,055$1,055Textbook royalty released*Textbook royalty released* ($2,500)($2,500)Total Non-Operating RevenueTotal Non-Operating Revenue $21,758$21,758

EXPENSESEXPENSESGeneral General $306,773$306,773Annual MeetingAnnual Meeting $370,474$370,474Publications Publications $205,687$205,687Total Expenses Total Expenses $882,934$882,934

CHANGE IN NET ASSETS CHANGE IN NET ASSETS $196,932$196,932Net Assets Beginning of Year Net Assets Beginning of Year $779,046$779,046Net Assets End of yearNet Assets End of year $975,978$975,978

FY 2006 Statement of ActivitiesFY 2006 Statement of Activities(Income /P&L Statement)(Income /P&L Statement)

* $2,500 Released from Temporarily Restricted Net assets from Textbook Royalty in support of the * $2,500 Released from Temporarily Restricted Net assets from Textbook Royalty in support of the Student Travel Achievement Recognition Program (STARs)Student Travel Achievement Recognition Program (STARs)


FY 2006 Statement of Financial PositionFY 2006 Statement of Financial Position(Balance Sheet)(Balance Sheet)

ASSETS 2006 2005 2004

Cash $111,424 $331,270 $333,450

Accounts receivable

Journal and textbook royalty 273,202 280,161 256,908

Other 6,421 6,955 966

Prepaid expenses 124,913 73,690 168,378

Investments 583,733 286,695 23,991

TOTAL ASSETS $1,099,693 $978,771 $783,693

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts payable and accrued expenses $4,177 $7,541 $5,770

Deferred revenue 119,538 192,184 91,645

Total liabilities 123,715 199,725 97,415

NET ASSETS

Unrestricted 858,115 682,941 625,798

Temporarily restricted 117,863 96,105 60,480

Total net assets 975,978 779,046 686,278

TOTAL LIABILITIES AND NET ASSETS $1,099,693 $978,771 $783,693


2006 Audited2006 Audited 2007 Budget2007 Budget

IncomeIncome

GeneralGeneral $ 102,487 $ 102,487 $ 85,780 $ 85,780

Annual Meeting & WorkshopsAnnual Meeting & Workshops $ 496,324 $ 496,324 $ 690,697 $ 690,697

Special Interest GroupsSpecial Interest Groups $ 11,129 $ 11,129 $ 9,480 $ 9,480

PublicationsPublications $ 425,261 $ 425,261 $ 398,651 $ 398,651

Other ServicesOther Services $ 8,857 $ 8,857 $ 6,612 $ 6,612

Total IncomeTotal Income $ 1,044,058 $ 1,044,058 $ 1,191,219 $ 1,191,219

ExpenseExpense

GeneralGeneral $ 310,361 $ 310,361 $ 346,123 $ 346,123

Annual Meeting & WorkshopsAnnual Meeting & Workshops $ 364,270 $ 364,270 $ 530,457 $ 530,457

Special Interest GroupsSpecial Interest Groups $ 5,323 $ 5,323 $ 9,480 $ 9,480

PublicationsPublications $ 180,276 $ 180,276 $ 199,193 $ 199,193

CommitteesCommittees $ 22,702 $ 22,702 $ 45,133 $ 45,133

Other ServicesOther Services $ - $ - $ - $ -

Total ExpenseTotal Expense $ 882,932 $ 882,932 $ 1,130,387 $ 1,130,387

Operating Net Income/LossOperating Net Income/Loss $ 161,125 $ 161,125 $ 60,833 $ 60,833

Non-Operating IncomeNon-Operating Income $ 35,805 $ 35,805 $ 29,428 $ 29,428

2007 Budget2007 Budget


2007 Budget2007 BudgetPlease note that specific new programs have been introduced into the Please note that specific new programs have been introduced into the 2007 budget.2007 budget.

• CME credit for one of the workshops (Spine).CME credit for one of the workshops (Spine).• Re-introduction of the Bash.Re-introduction of the Bash.• Re-introduction of the SIG mixer.Re-introduction of the SIG mixer.• $15,000 for significant redesign of the SFB Website.$15,000 for significant redesign of the SFB Website.• Support for meetings with the Exhibitors and Sponsors.Support for meetings with the Exhibitors and Sponsors.• Marketing Plan (coordinated with the Membership Committee and Marketing Plan (coordinated with the Membership Committee and

Branding Task Force).Branding Task Force).

We have also continued to support the efforts of the Membership We have also continued to support the efforts of the Membership Committee, the Education & Professional Development Committee Committee, the Education & Professional Development Committee (video library), and the SIGs.(video library), and the SIGs.

In addition, an investment management company has been engaged In addition, an investment management company has been engaged to ensure the stability and safety of the Society’s financial reserves.to ensure the stability and safety of the Society’s financial reserves.


Incoming PresidentIncoming President

Martine LaBerge, PhDMartine LaBerge, PhD

Clemson UniversityClemson University

Department of BioengineeringDepartment of Bioengineering


New BusinessNew Business

C. Mauli Agrawal, PhD, PEC. Mauli Agrawal, PhD, PE

SFB PresidentSFB President

2008 World Biomaterials Congress2008 World Biomaterials Congress

May 28 - June 1May 28 - June 1

2008 SFB SIG Meeting on Translational Research 2008 SFB SIG Meeting on Translational Research

September 10-14September 10-14

2009 SFB Annual Meeting – San Antonio, Texas!2009 SFB Annual Meeting – San Antonio, Texas!

April 22-25April 22-25


ADJOURNADJOURN

Thank you!Thank you!

Documents

Society For Biomaterials 2007 Annual Meeting Society For Biomaterials 2007 Annual Business Meeting April 20, 2007 ● Sheraton Chicago Hotel & Towers