I wish to correct some misinformation in the article Lawsuits Threaten ACS' Nonprofit Status, Financial Health [The Scientist, Aug. 20, 1990, page 3]. It is stated that last year our Chemical Abstracts Service (CAS) generated a profit of more than $4 million on revenues of approximately $45 million. That is not correct. Last year, CAS generated $105.9 million in revenues, and after expenses, made a net contribution to the ACS of $4.2 million. Therefore, the return is approximately 4 percent, rather than 9 percent, as implied in the article.
Letter: Profit Percentages
I wish to correct some misinformation in the article Lawsuits Threaten ACS' Nonprofit Status, Financial Health [The Scientist, Aug. 20, 1990, page 3]. It is stated that last year our Chemical Abstracts Service (CAS) generated a profit of more than $4 million on revenues of approximately $45 million. That is not correct. Last year, CAS generated $105.9 million in revenues, and after expenses, made a net contribution to the ACS of $4.2 million. Therefore, the return is approximately 4 percent, ra
Written byNancy Enright
| 1 min read
Register for free to listen to this article
Listen with Speechify
0:00
1:00
Share
Interested in reading more?
Become a Member of
Receive full access to digital editions of The Scientist, as well as TS Digest, feature stories, more than 35 years of archives, and much more!
Already a member? Login Here
