Reinvesting to Transform Research Communication
PLOS experienced increased submissions year over year resulting in over 33,000 research articles published in 2014. This brings the total number of Open Access articles published by the organization to more than 135,000. The 2014 ﬁnancial year brought gross revenue and support to PLOS of $48.5 million and an increase in net assets of $4.89 million. Expenses neared $40.7 million, driven by investments in two key areas:
- Development of resources to create Aperta, a submission system that will provide a more efficient publishing experience. Aperta will provide a foundation for additional innovations. The spending associated with these R&D investments has been capitalized due to the multi-year nature of their anticipated future use
- Enhancement and implementation of sophisticated content management systems for optimum handling of web and article content, as well as architectural advances to the publishing platform, Ambra™ .
PLOS believes that lack of funds should not be a barrier to Open Access publication. Globally authors have beneﬁted from the increased availability of institutional, government and foundation Open Access funds in 2014. To supplement these funds, PLOS supported those who were still unable to pay all or part of their publication fees with assistance totaling almost $3.0 million; included in this amount is the PLOS Global Participation Initiative providing assistance to authors from low- and middle-income countries. PLOS also expanded to over 40 institutions its Institutional Account program through which PLOS administers payment on behalf of participating institutions and their authors.
Audited Financial Statements