Rules of Conduct
Statements of Financial Position FY 2015
The Licensing Executives Society and the Foundation (LES) received the audited financial statements for the years ended December 31, 2015 and 2014 on February 27, 2016. According to the Financial Statement, LES had a revenue of $3,532,995 for the year ended 12/31/2015, as compared to $3,731,918 for the year ended 12/31/2014.
Total expenses for 2015 and 2014 were $3,462,712 and $4,603,020, respectively. Therefore, there was an increase in unrestricted net assets of $70,283 in 2015 as compared to a decrease in unrestricted net assets of 871,102 in 2014. The financial statements are available for review upon request.