April 2018AIESEC In the United StatesNational BoA Call

Welcome

CALL HOSTS

Alexandra Robinson President

AIESEC in the United States 2017-2018

alexandrar@aiesecus.org

Madison Gunning VP of OrganizaDon Development

AIESEC in the United States 2017-2018

madisong@aiesecus.org

NationalUPDATES

Global Volunteer is an immersive 6 – 12 weeks volunteer experience for youth who seek to develop themselves while directly contribuDng to the Sustainable Development Goals.

Global Entrepreneur is a short-term, unpaid global internship opportunity at a startup for young people who seek to develop themselves and their career.

Global Talent is a long-term, paid global internship opportunity for young people who seek to develop themselves and their career in an internaDonal seQng.

NATIONALUPDATESAIESEC PRODUCTS

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NATIONALUPDATESAIESEC GLOBAL PERFORMANCE

6

0

10500

21000

31500

42000 40,04439,297

32,250

26,12725,257

2013 2014 2015 2016 2017

NATIONALUPDATESAIESEC GLOBAL PERFORMANCE

7

0

10000

20000

30000

40000

GV GT GE

2,3664,532

33,146

1,501

5,607

32,189

61

5,676

26,285

2015 2016 2017

NATIONALUPDATESMCP Election

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Lydia Edwards President

AIESEC in the United States 2018-2019 lydiae@aiesecus.org

LOCAL STATEREVIEW

LOCALREVIEWMembership Criteria

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1. Finances • General Membership: posiDve account balance • Full Membership: $3,000+ in reserves

2. SONA submissions: cannot miss more than two per quarter 3. Board of Advisors of at least three members 4. University RecogniDon 5. Exchange

• General Membership: 30 total exchanges • Full Membership: 21 oGV and Tier 3 in LC focus program

Differences in MembershipGeneral Member

1 Vote in LegislaDon 30% Royalty Fee

Full Member 2 Votes in LegislaDon

20% Royalty Fee

LocalREVIEW

11

August 1, 2017 - 34 EnJJes

3

5

17

9

Expansion Member on Alert General Member Full Member

April 26, 2018 - 31 EnJJes

2

12

12

5

Membership STATUSES

LocalREVIEW

LC STATUS LC STATUS LC STATUS

APPALACHIAN Member on Alert HOUSTON Extended Alert SAN DIEGO General Member

ATLANTA Member on Alert MADISON General Member SAN JOSE Member on Alert

AUSTIN Full Member MARYLAND Official Expansion SEATTLE General Member

BOSTON General Member MIAMI FLORIDA General Member ST EDWARDS Official Expansion

CHAPEL HILL Member on Alert MICHIGAN Member on Alert TEXAS A&M General Member

CORNELL Extended Alert MILWAUKEE General Member UCLA Official Expansion

DALLAS General Member MINNESOTA Official Expansion USC General Member

DAVIS Extended Alert MIZZOURI Official Expansion WASHINGTON DC General Member

DENVER Extended Alert NEW YORK CITY Full Member YALE Member on Alert

EAU CLAIRE Extended Alert NORTHWESTERN Member on Alert

GEORGIA (UGA) General Member OHIO UNIVERSITY General Member

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Membership STATUSES

LocalREVIEW

LC 2017 2018 GROW LC 2017 2018 GROW LC 2017 2018 GROW

WASH DC 7 34 27 OHIO 13 13 0 DENVER 10 5 -5

MADISON 32 25 -7 SEATTLE 14 12 -2 SAN DIEGO 32 5 -27

MICHIGAN 9 24 15 GEORGIA (UGA) 21 11 -10 ST EDWARDS 5 5 0

AUSTIN 30 20 -10 MIAMI FLORIDA 26 11 -15 BOSTON 31 4 -27

SAN JOSE 7 20 13 UCLA 2 11 9 CHAPEL HILL 31 4 -27

ATLANTA 7 19 12 NORTHWESTERN 12 10 -2 MINNESOTA 10 4 -6

USC 5 18 13 YALE 49 10 -39 MISSOURI 5 4 -1

NYC 18 16 -2 APPALACHIAN 13 9 -4 CORNELL 12 3 -9

DALLAS 3 14 11 EAU CLAIRE 11 7 -4 HOUSTON 8 2 -6

MARYLAND 2 14 12 TEXAS A&M 17 7 -10

MILWAUKEE 13 13 0 DAVIS 14 6 -8

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Data: 1 February - 26 April

EXCHANGE PEFORMANCE

FINANCALMODEL

FINMODEL

CONTEXT • The previous financial model of AIESEC United States was a hybrid model that factored in both LC financial

performance and LC exchange performance. • All LCs paid a royalty fee on exchange revenue based on LC membership status. • All LCs (except Expansions) paid a naDonal affiliaDon fee. The naDonal affiliaDon fee total was determined

by ranking an LC’s revenue and exchange performance with every other LC in AIESEC US. 50% of the total affiliaDon fee was proporDonally distributed based on LC revenue of the prior three years and 50% was determined by LC exchange numbers of the prior three years.

• LCs that performed well both financially and in exchange would be expected to pay a sum that could exceed the bank balance of their LC and LCs in debt would could stay in debt even if they perform at a high level. Furthermore, a single year of high performance coupled with one or two years of mediocre or poor performance would sDll make the affiliaDon fee for an LC greater than their ability to cover with revenue.

CURRENT MODEL • The current financial model is based on two main factors:

• All LCs paid a royalty fee on exchange revenue based on LC membership status. • All LCs (except Expansions) paid a naDonal affiliaDon fee. The naDonal affiliaDon fee total is set annually on

1 February and is determined by an LC’s bank balance and proporDonal to their ability to contribute. The fee is broken into four equal porDons, to be paid on April 1, July 1, October 1, and January 1 (25% per quarter).

FINANCIAL MODEL

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FINMODELRoyalty Fee

16

ExpansionGeneral Member/Member on Alert

Full Member

Royalty Fee % 40% 30% 20%

FINMODELAFFILITATION Fee

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Financial Model (LCs in Debt)

Fund Cost

Coaching Visits $6,000

OD + Steering Team Fund $12,500

MCVP OD $30,000

Systems Fee (IT) $5,000

Account Delivery Assistant $6,000

Finance Assistant $6,000

Total Fee $65,500

Financial Model (LCs in Surplus)

Fund Cost

Strategic Fund $12,000

Global AffiliaDon Fee $125,000

Website Upkeep $7,500

Systems Fees (IT) $5,000

AD Assistant $6,000

Finance Assistant $6,000

Total Fee $161,500

AffiliaDon Fee = Total for LCs in Debt/(# LCs in Debt + # Expansions)

The fee is currently calculated as $65,500/(11 Debt + 9 Expansions) = $3,275 per LC in Debt

AffiliaDon Fee = (Total for LCs in Surplus*LC Bank Balance)/(Sum of Bank Balances of LCs in Surplus))

The fee is currently calculated per LC based on the proporDon of their bank balance to the overall cumulaDve

bank balance of every LC currently in surplus.

Example: AIESEC in Wonderland has a bank balance of $10,000 and the total cumula@ve balance of all LCs in Surplus

equates to $200,000. The fee calcula@on for 2018 is ($161,500*$10,000)/($200,000) = $8,075.

SummerOPERATIONS

Summer2018

OUTGOING EXCHANGE

• ConDnue to approve US youth to opportuniDes abroad.

• Ensure all Exchange ParDcipants travel with the proper preparaDon and insurance.

• Check in regularly with Exchange ParDcipants.

• Work with EnDty Control Board to resolve any problems.

• Collect showcasing materials from Exchange ParDcipants for future markeDng efforts.

Summer Operations

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INCOMING EXCHANGE

• ConDnue to approve internaDonal youth to US opportuniDes.

• Provide recepDon services to all incoming Exchange ParDcipants (airport pickup, first day of work transportaDons, insurance, etc).

• Check in regularly with Exchange ParDcipants and Host OrganizaDons.

• Work with EnDty Control Board to resolve any problems.

• Collect showcasing materials from Exchange ParDcipants for future markeDng efforts.

MEMBERSHIP

• Determine which members will work over summer and register Summer Teams with the Member Commiuee.

• Encourage members to auend Summer NaDonal Conference (consider incenDves).

• Maintain communicaDon and determine which members will return in the Fall.

• Plan Fall Membership Recruitment.

ANYQUESTIONS?

BOAResources

Board of Advisors Resources, including output from past NaDonal Board of Advisors Calls, can be found at www.aieseclife.org.

BOA RESOURCES

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Thank youfor being here