ASAE Study Looks at Economic Impact of Associations
About 20 percent of the average association’s operating budget is dedicated to providing education for members, while 17 percent is spent on convention planning and other convention activities, according to Associations Matter: Associations by the Numbers , a new study by the American Society of Association Executives and the Center for Association Leadership.
Education and convention planning represent the largest two line items, ahead of lobbying activities, which account for 13 percent of the average association’s operating budget. The study, which looks at the impact of associations on the economy and society, also found that more than 60 percent of associations plan to devote more resources to education, which of course are often delivered via meetings and conventions.
Nationwide, associations employ about 1 million people—an increase of 100,000 jobs, or 11 percent, from 1997. That’s more than the telecommunications industry, according to the study.
Approximately 190,000 of the 1 million are employed by professional or trade associations. Employment is highest in California, New York, Illinois, Florida, Pennsylvania, and Washington, D.C., where an association employs one out of 10 workers. Among the largest associations are the American Bureau of Shipping, which employs 1,700 people; the American Medical Association, which employs 1,019; and the Institute of Electrical and Electronic Engineers, which employs 964.
Overall, there are 102,000 member associations in the U.S., up 2 percent from 1997. Chicago alone has 1,733 associations.
Further, the average association yearly salary is $40,250, but it is $58,500 at trade and professional associations. The latter is 38 percent higher than the average private-sector salary in 2006, the study finds. There was no breakout information by job.
Associations bring in $33 billion in revenue nationally and hold $50.6 billion in assets. In 2006, the Pharmaceutical Research and Manufacturers Association generated $258 million, the American Petroleum Institute generated $146 million, the National Association of Homebuilders generated $100 million, and the American Bankers Association generated $87 million.
For more information, go to www.asaenet.org.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2009 Penton Media Inc.
Meetings Collaborative
Rate your experience with meeting venues and suppliers.
| Powered by: Meetings Collaborative | |
Advertisement
Advertisement
Apex Webinars
Creating Green-Meetings Standards
An industrywide effort to produce achievable, voluntary standards for greener meetings and events is under way. The Accepted Practices Exchange (APEX), an initiative of the Convention Industry Council, is working with the Environmental Protection Agency and ASTM International Standards to create baseline guidelines that both meeting managers and the hospitality community can embrace. Join us for a free webinar.
View it Now! | View APEX Archives
Webinars
What Meeting Planners Need to Know to Manage E-Meetings
Virtual meetings save time and money, get a thumbs-up from the “green” crowd, and offer new ways for companies and organizations to communicate, market, and sell. It’s time for meeting managers to start booking and managing them.
View it Now | View Archived Webinars
Advertisement
CVB Supplement 2008
The Changing Face of CVBs
Featuring:*Changing Face of CVB's
*CVB's Go Green
·Go to Digital Edition
















