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IPR Rebuilds Core Financial Reserves in 2011.MOD

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Published on Apr 5, 2012

The Institute for Public Relations (IPR) rebuilt its core financial reserves in 2011 while strengthening its focus on research relevant to public relations practitioners.

The audited financials showed a decline of $8,610 in net assets. However, that result included a special grant expense of $69,282 paid to the International Public Relations Research Conference, a major academic conference which formed its own nonprofit organization in 2011 to accept the funds previously held by IPR and designated for the conference. Adjusting for this special expense, the net assets available to support IPR's central research and education functions rose by more than 40 percent over the prior year.

The complete audited financial statements are available at http://www.instituteforpr.org/wp-cont... .

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