Executive Vice President/CEO Norman L. Koonce, FAIA, presents first-quarter financial results and highlights new Institute services.

Our first-quarter financial performance has been strong. Revenue exceeds projections by $98,000 as a result of robust sales of AIA Contract Documents in electronic format and increased revenue from AIA Continuing Education. Year-to-date expenses are $222,000 less than budgeted, resulting from decreased or delayed spending for market research, international activities, and personnel expenses. As a result, total net income for the first quarter amounts to $12.9 million, 2.6 percent ahead of our budgeted goal.

This performance allows us to focus on improving and increasing services to AIA members, the public, and the industry. Here are some recent highlights:

• A new AIA printed quarterly publication for members will address theoretical and practical aspects of architecture practice. The first issue of AIA/J—The AIA Journal of Architecture, featuring research and design, will soon be mailed to all AIA members.

• The first consumer book resulting from the partnership between the AIA and Taunton Press, The Distinctive Home, by Jeremiah Eck, FAIA, features the work of AIA members and promotes excellence in home design to the public.

• A new AIA-Wiley publication, Interior Graphic Standards, has just been released. The format is related to Division Nine of MasterSpec, the result of collaboration with ARCOM, another AIA partner.

• The new Best Practices section of aia.org is there to help you and your clients share gems of practical knowledge with your peers for the benefit of all.

• The new Internship Tools page on aia.org is a clearinghouse for information for emerging professionals. This site is being used by students, interns, and ARE candidates to further their development as professionals in architecture.

We are committed to maintaining the financial discipline that will enable continual improvement of services, benefits, resources, and public advocacy for all AIA members.

I welcome your comments.

Sincerely,

Norman L. Koonce, FAIA
Executive Vice President/CEO

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