INTERNET SOCIETY BOARD OF TRUSTEES PRESIDENT’S REPORT November 8 - 9, 2003 Minneapolis, MN 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt
Agenda • 2003 Review – – – 2001 - 2003 Board Direction 2003 Major Initiatives Planning Process & Program Review 2003 Budget and End of Year Review 2003 Key Operating Goals Review INET’ 04 Review • 2004 Financial Preview 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 2
Board Direction - 2001 - 2003 On Plans focused on driving progress in 4 key areas: 1. Financials - - Good, steady progress & expected to continue • • 2. 3. 4. Stabilize short-term Strengthen long-term Strengthen ISOC governance model - Progressing well, now in 3 rd and final stage. Significantly increase activities in: Standards, Public Policy, Education & Publications - 1 st phase well underway, and long-term program plans being developed Clarify & strengthen value proposition for ISOC, for Organization Members, IM’s and Chapters - Significant advances in IM and Chapters, (IM) Member Proposal developed and will significantly strengthen Value Proposition for all members 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 3
2003 Review Major Initiatives - I Q 1 & Q 2 2003: – Launched PIR, significant support during start-up – Completed negotiations -Verisign $5 M Endowment – Operating processes agreed - ISOC & PIR –. org Program funds begin flowing - $300 K in April – European Chapter Coordination Council MOU – INET’ 04 successfully negotiated – Af. No. G workshop held • Resources: ISOC FTE’s = 6. 5, plus 5 volunteer VP’s !! Red = not foreseen in 2003 budget and/or staff activities 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 4
2003 Review Major Initiatives - II Q 3 & Q 4 2003: – New Platinum members - Sida (Educ), Afilias (Pub Pol) – More. org Program Funds - $800 K in August – WALC (Latin American NTW) – Se. INIT - EU Security Initiative – Workshop Portal – WSIS Support (significantly increased support) – PIR Board elections – (IM) Membership Proposal – IETF ADVCOMM • Note: ISOC FTE’s = 8. 5, plus 5 volunteer VP’s (today = 2) Red= not foreseen in 2003 budget and/or staff activities 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 5
2003 Review Planning Process & Program Review 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt
2003 Program Planning Process Phased Approach • May - July: 1 st phase ISOC’s Planning Process – Phase I: Q 3/Q 4 ‘ 03 - Programs =Bid-defined and infrastructure building (largely based on existing plans) • Directional statements prepared by Ex. Comm, ISOC staff, VP’s, etc. • Input and reviews with PIR Chair, PIR President and PIR Board to enable both orgs. to begin funding programs. • ISOC Bo. T Review - July 2003 – Phase II: 2004 & beyond = strategic planning process began June, on-going • Note: Funding expected from multiple sources: . org, existing Platinums and new Platinums: Sida, Afilias, etc. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 7
2003 Program Funding: A Recap • ISOC’s 2003 budget (dev’d prior to start of PIR operations) expected total available for programs of $422 K. Net cont’n. from PIR (after dir. exp. ) of $170 K. • In April, PIR donated $200 K to ISOC for Open (RFC) Standards activities and $100 K for Education Program Dev’t. – Educ. Grant enabled ISOC to hire 2 prog. Mgrs (per budget) • In July PIR resolved to contribute an add’l. $800 K to ISOC for program development, bringing total to $1. 1 M! • New Platinum members also aided program efforts: Sida, Afilias 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 8
Program Planning Process Key Programs - Q 3/Q 4’ 03 EDUCATION NTW’s, Reg’l Workshops, etc. PUBLIC POLICY Internet Policy & Policy Portal Phase 1 (& 2) STANDARDS COMM’Y & OUTREACH Internet Stds. Advisories Buildup Chapter I/Struct/systems Comm’y. Bldg. Upgrade NTW Matls. - Seminars: Vo. IP * IPv 6, IPSec Seminars: IDN, Security * Polls & Polling system Workshops Toolkit & Portal RFC Ed. Support Annual Report Bulletins/White Papers ISOC/ACM Rpt. ? ? Hall of Fame TBR: IEEE coop’n? * Planned for Tunis but cancelled Italics = Phase II 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 9
Annualized Forecast - Sept. 03 2003 Program Fund Disposition - K$ . ORG Funds $1. 1 M . ORG & All ‘Program’ Funding - $1. 7 M $200 K $420 K $513 K $503 K 8 -9 Nov 2003 $620 K $603 K Bo. T Pres. Rpt Nov 03. ppt 10
Recap: . ORG Division of Responsibilities • PIR: – manage registry, set registry policy, develop new products & services, registrar relations, marketing, communications, Advisory Council, etc. • ISOC: – program dev’t. & marketing outreach building on ISOC’s established knowledge, credibility and channels • Afilias: – back-end service provider Source: ISOC President’s Report: ISOC - PIR Joint Board meeting November 2002 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 11
2003 Key changes: Program Funding vs. Budget • In October PIR President and Chair indicated they expect an add’l $700 K to be available in December ‘ 03 • Assuming PIR Board approval, ISOC will recognize this additional revenue in 2003 as a donation (due to now common understanding on roles). • Projected Program Funding in 2003: – Platinums: $ 0. 5 M –. org : $ 1. 8 M (from $422 k in budget) • Note: 2003 = start-up year for PIR and additional. org funding VERY welcome but has made planning and operating to original budget more difficult 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 12
2003 Key Changes Operating Model • With increased funding, comes increased deliverables and increased expectations. • With significant injection of funds, (many) programs and new resources (internal & external), all ISOC processes and systems under pressure to evolve (while delivering). • Volunteer model is, not at all unexpectedly, under some pressure - mainly affecting VP structure. • ISOC must move to a more business-like structure. Altogether transition is working well, but not w/o some start-up problems. • 2004 Budget = critical review of infra-structure reqmt’s. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 13
Internet Society Board of Trustees 2003 Financial Review 8 November 2003 Bo. T Meeting/ Minneapolis, MN 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt
2003 Year End Forecast from July ‘ 03 Bo. T • Revenues – Organizations: challenging target, today’s running rate = $0. 8 M vs. budget of $1. 3 M. Reminder - at a P&L level this means we need to bring in approx. $1. 5 M in new org. member revenues before year end, unless Platinum – Platinum revenue: expect to meet or exceed budget – Program revenues expected to offset any organizational member shortfall and will have significant added benefit of increasing ISOC’s visibility, thereby aiding future org. member recruitment efforts • Nov. ‘ 03 Update = Commentary above still valid today, and. org revenues continue to increase significantly 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 15
2003 Year End Forecast (cont’d) from July ‘ 03 Bo. T • Expenses – Non. org Expenses are on track (in fact are under budget), but. org expenses will be higher given higher level of surplus avail. for programs - however they will also be net positive – Revenue recognition tied to expenses – ISOC’s PIR governance - related expenses to be recouped • Cost savings budget of $126 K on track (and better than original target of $100 K) • Nov. ‘ 03 Update: PIR’s contributions to be donations and recognized immediately given (now) common understanding of model. All else consistent w/ above. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 16
2003 Year End Forecast (cont’d) from July ‘ 03 Bo. T • Summary – Org. Revenues continues to be very aggressive given economic and world conditions, therefore actively positioning. org surplus/programs to better and more broadly position ISOC & PIR for the future. – Fully expect to meet budgeted surplus. – Working to further diversify our revenue stream: Seinit (thanks to Latif Ladid ), US Cybersecurity & EU security efforts, etc. • Nov ‘ 03 Update: Commentary above still valid today. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 17
Going forward from July ‘ 03 Bo. T • Board support/commitment – Suggest I contact each board member individually to see how they can support fundraising, how staff can help, etc. – Goal is additional $50 K min. per Trustee. Success here would mean another $750, 000 and would make an ENORMOUS difference in operations. • Continue relentless focus on Costs and Revenues • Identify and pursue new creative revenue streams and roles for ISOC consistent with our values & purposes • Success of. org initiative shows potential for such opportunities • Nov ‘ 03 Update: Fundraising efforts in Point 1 above seriously behind. All others still valid today. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 18
2003 Budget vs. Forecast K$ YTD Budget YTD Actuals REVENUES Plat Rev Org Rev 975 PIR Prog/Gov/Grant 386 IM & Misc Rev 95 Total Rev 1, 456 185 462 600 211 1, 458 EXPENSES Dir. exps. - Standards 657 Dir. exps. -E & T 143 Dir. exps. - Pub Pol 124 Dir. exps. - PIR 208 G&A/Gov 368 Total Exp 1, 500 Net Surplus(loss) (44) 618 332 148 77 373 1, 548 ( 90) YTD EOY Variance Bud +185 (513) +214 +116 + 2 +39 (189) (24) 131 ( 5) (48) (46) EOY F/C EOY Variance 250 635 +385 1, 300 725 (575) 422 1, 400** +978 100 215 +115 2, 072 2, 975 +903 870 850 164 456 165 326 208 76 467 497 1, 874 2, 205 198 770 +20 (292) (161) +132 (30) (331) 572 * Strong likelihood this will increase to $1. 8 bringing surplus to approx. $1. 1 M. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 19
ISOC Total Revenues, Expenses and Net Asset Trends - Good Progress 2003 F/C Source: Mike Conn’s Treasurer Report 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 20
2003 Budget by Pillar TOTAL PUBLIC POLICY STDS EDUC Total Revs 1, 190 1, 290 165 255 195 247 280 1, 550 2, 072 Expenses-Dir Expenses-G&A Total Expenses 870 288 1, 158 164 54 218 164 56 220 209 69 278 1, 407 467 1, 874 132 37 27 2 198 286 201 Org. rev Budgeted Surplus EOY F/C Surplus 281 PIR 2 770** ** could be as high as $1. 1 M depending upon. org surplus and programs 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 21
2003 YTD Budget vs. Sept. Actual - Revenue REVENUES: • • • ORG. Revenues = ($513 K) Platinum Rev. = +$185 K * PIR Prog/Gov/Grant = +$214 K NDSS’ 03 = +$36 K IM & Misc. rev. = +$80 K Total revenue impact = +$2 K * Afilias upgraded to Platinum - Public Policy Sida became a Platinum Education member 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 22
2003 YTD Budget vs. Sept. Actual - Expense • Direct EXPENSES = ($43 K) : – E&T • Educ & Trng. programs, etc. =($170 K) – Public Policy • IM/Chapter support = ($15 K) • Publications = ($10 K) increased effort to improve visibility. • Re-classification of salaries into projects = +133 K • G&A = ($5 K) – Legal=($15 K) sublease documentation & CEO contract – Bo. T teleconferences=($10 K) – Deprec. =+$20 K inventory revealed obsolete asset Total Expense Impact = ($48 K) 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 23
2003 YTD Actuals By Pillar STDS EDUC PUBLIC PIR POLICY TOTAL Org. Revenues 370 108 169 Total Revenues 685 396 277 100 1, 458 Expenses-Direct 618 332 148 77 1, 175 Expenses-G&A 232 67 51 23 373 Total Expenses 850 399 100 1, 548 Actual Surplus(loss) (166) (2) 78 - (90) YTD Variance (136) 45 47 (2) (46) 8 -9 Nov 2003 647 Bo. T Pres. Rpt Nov 03. ppt 24
Note: Assumes $300 K from PIR in December 2003 not $700 K. 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 25
Barcelona INET/IGC’ 04 Update • April’ 03 Ex. Comm expressed concern re; progress of INET’ 04 Board committee. CEO tasked to prepare proposal. • LOI successfully concluded with IGC in July 2003 • Bo. T Approved 7/03 - met all Bo. T conditions, incl. Financials • After slow start and w/ significant effort by ISOC staff, two Board members and VP Public Policy, INET/IGC’ 04 now back on track – Call for Papers to be issued week 2 Nov’ 03, automated web-based process – Relationship solid between IGC and ISOC • Program Committee Chair and Organizing Committee Chair appointed. – PC Chair: Artur Serra (key individual behind ISOC/IGC collaboration) – OC Chair: Rosa Delgado • More in tomorrow’s session 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 26
Key Operating Goals 2003 President’s Operational Goals 1. 2. 3. 4. 5. 6. 7. 8. Cash reserves >= 2 mos. Op. Expenses - on track Revenues and Surplus >= Budget - challenge in Org. revs. but overall surplus will be met With VP’s, build effective Pub Pol Init. - on track CEO executes effective review for PIR - on track Effectively involve Trustees in fund-raising - needs more involvement/depends on all of us Plan/decision for INET 2004 by Sept. ‘ 03 - done & back on track With VP’s, ISOC participation in min. of 2 regional conferences WALC, Af. Nog, (almost Tunis) Individual Members and Chapters - on track 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 27
Internet Society Board of Trustees 2004 Financial PREview 8 November 2003 Bo. T Meeting/ Minneapolis, MN 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt
2004 FINANCIAL PREVIEW • Still too many unknowns to create budget: –. ORG Contributions could be $1. 4 M - $1. 9 M but won’t be confirmed by new PIR Bo. T until mid-December at the earliest – Individual Member Assumptions not yet built in – New opportunities to work with IETF on Publications and/or Knowledge extraction but model not yet known – Need to complete infrastructure and resource evaluations 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 29
2004 Budget PREVIEW 8 -9 Nov 2003 Bo. T Pres. Rpt Nov 03. ppt 30
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