1. American Institute of Physics Dr. Catherine O’Riordan American Institute of Physics …working to advance and diffuse knowledge of the physical sciences and its applications to human welfare. 2015 AGI Leadership Forum - September 28, 2015 1 Scientific Society Business Models

2. American Institute of Physics As a federation of physical science societies, AIP offers programs, products and services that: Advance and distribute the knowledge of the physical sciences and its applications; Enhance and cultivate the physical sciences disciplines; Enable and foster collaborative efforts among stakeholders in the physical sciences; and Promote the physical sciences to the public, leaders, government officials, agencies, and the media. AIP Scope 2 2

3. American Institute of Physics 3 Brief history Formed in 1931 by 5 physical science societies (APS, OSA, ASA, SOR, AAPT) to pool resources for publishing and to better promote the physical sciences. Published on behalf of Member Societies. Initiated AIP-branded journals in the 1930s. 5 other societies (ACA, AAS, AAPM, AVS, AGU) joined from 1966 - 1986. Activities expanded to outreach, beginning with Physics Today magazine in 1948, Society of Physics Students in 1950, and the Niels Bohr Library in 1962. In 2013, the AIP Governing Board created AIP Publishing LLC responsible for AIP and Member Society Publishing Partner journals. Also in 2013, AGU withdrew and AMS joined AIP.

4. American Institute of Physics AIP AIP supports and promotes the physical sciences and their value to humanity. AIP: An umbrella organization of physical science societies 10 Member Societies (~119,500 combined membership) AAPT American Assoc. of Physics Teachers (8,300) AAPM American Assoc. of Physicists in Medicine (8,200) AAS American Astronomical Society (6,800) ACA American Crystallographic Assoc. (2,100) Numbers rounded to the nearest 100 AMS American Meteorological Society (14,000) ASA Acoustical Society of America (7,600) APS American Physical Society (50,000) AVS Materials, Interfaces, and Processing (4,200) OSA The Optical Society (17,500) SOR Society of Rheology (900) 4

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6. Diversity of fields Physics Astronomy Acoustics Fluid Mechanics and Rheology Crystallography Meteorology Optics Medical Physics Physics Teaching Departments: Physics/Astronomy Mechanical Engineering Electrical Engineering Chemistry Earth Science Atmospheric Science Geophysics Electrical Engineering Materials Science Math Computer Science Medicine Education Psychology 6

7. American Institute of Physics 7 Members outside the US: 12 to 43% Student members: 10 to 30% About half the societies offer an early career membership Operating expenses: $500K to $55M Revenue from publications: $0 to $40M (0 to 81%) Employees: 0 to 260 Volunteers: 50 to 5,000 Member Society Characteristics

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10. Primary Society Revenue Journals Meetings Dues – supports governance, advisory committees, and awards 10

11. American Institute of Physics Additional Society Program Areas Education (cert., workshops, inclusion) Student services (career services, job boards) History programs Media services for meetings/journals Public outreach (news, events) Magazines Government Relations/public policy Industrial outreach 11

12. American Institute of Physics 12 Completely volunteer Meeting breaks even Low expenses and overhead – covered by dues Local chapters or sections (some collect dues) Student programs Publishing wall – no revenue used to support other activities Sale of directories or indexes CEO and large paid staff Publishing revenue subsidizes other activities Surplus meetings/pubs revenue provides GR and media activities Society program funding