Writers Guild of America, West, Inc.
Download the 2015 Annual Report
June 5, 2015
Dear Fellow Members:
We are pleased to present the Guild’s annual financial report. This year’s report continues the positive trends recorded over the last half decade. The Guild remains financially strong, with growing revenues and a healthy operating surplus.
In this booklet, you will find the WGAW’s financial statements and a summary of industry and employment data for the fiscal year ending March 31, 2015. These are the highlights:
- The Guild ended the fiscal year with total net assets of almost $50 million. The Guild owns its headquarters free of mortgage debt and has unused lines of credit totaling $15 million. Our investments stand at $25.7 million, including a total of $16.6 million in our Strike and Good & Welfare Funds.
- The Guild had an operating surplus for the fiscal year of $4.5 million based on total revenues of $30.0 million, up slightly from $29.8 million last year. The surplus was the product of steady growth in writer compensation, led by the television and new media sectors, and increased investment income.
- Annual expenditures of $25.5 million were higher than FY 2014’s total of $23.9 million. This modest increase was the result of routine maintenance and depreciation expenses, and increased expenditures related to the Guild’s public policy program, particularly the successful campaigns in favor of stringent net neutrality regulations and against the Comcast-Time Warner Cable merger.
- The supplemental schedule on page 25 reflects that the Guild’s Foreign Levies Program distributed $14.6 million to writers and heirs during the last fiscal year. This annual review is also posted on the Foreign Levies page of the Guild’s website, www.wga.org/foreignlevies, along with other information about the program.
We publish this financial information each year in the interest of transparency and to ensure an informed membership. The Membership and Finance Committee is a constitutional body made up of five members appointed by the Board of Directors. The Committee oversees the annual audit conducted by the independent accounting firm of Miller Kaplan Arase LLP, whose report is contained in this booklet.
The Membership and Finance Committee
Carl Gottlieb (chair), Tony DeSena, Carleton Eastlake, Cynthia Riddle and Adam Rodman
2014 Annual Report to Writers
2013 Annual Report to Writers
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2011 Annual Report to Writers
2010 Annual Report to Writers
2009 Annual Report to Writers
2008 Annual Report to Writers
2007 Annual Report to Writers
2006 Annual Report to Writers
2005 Annual Report to Writers
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2002 Annual Report to Writers
2001 Annual Report to Writers
2000 Annual Report to Writers
1999 Annual Report to Writers
1998 Annual Report to Writers