PPI demonstrated sound fiscal management and accountability measures, as demonstrated by the audited financial statements completed as of December 31, 2017 by Good & Fowler, LLP, a division of SingerLewak. The following Statement of Activities reflects total Revenue and Support of $2,715,044, an increase of $183,493 or 7% from the prior year. Total Expenses were $2,647,932, an increase of $211,859 or 9% from the prior year. The total change in 2017 net assets is $67,112.
Our goal is to undergird PPI’s financial future through strong and diversified revenue flows and effective expense management. In 2017, membership dues, roundtable registration, and contributions by PPI members were our lead sources of revenue. We gratefully acknowledge our 2017 Sponsorship Program supporters: Baring Private Equity India Ltd.; Barings; Bombay Stock Exchange; Goldman Sachs Asset Management Company Ltd.; IDFC Capital; KKR Asia Limited; Macquarie Infrastructure & Real Assets; Meridiam Infrastructure; National Stock Exchange of India; Nikko Asset Management Company, Ltd.; Quantum Advisors; Securities & Exchange Board of India; Tata Group; and The Abraaj Group.
PPI’s solid financial position in 2017 enabled us to make investments in programs, people and member service technology, while also shoring up PPI reserves to weather unforeseen revenue shortfalls.