BoardReportFall2019

Budget Proposal
2019 / 2020
Budget Proposal
2019 / 2020
Revenues:
Senior Membership Fees $1,505,000
Junior Membership Fees 2,200,000
Alumni 5,000
Leadership Summits Registration Fees 240,000
Convention Registration Fees 1,900,000
Membership Certificate Reprints 10,000
Merchandise Sales 1,860,000
Infuse 17,000
Shipping 140,000
Interest Earned 7,500
$7,884,500
Expenses:
Personnel
Salaries & Wages 1,730,000
Pension Plan Expense 100,000
Payroll Services/Contract Labor 85,000
Payroll Tax Expense 175,000
Insurance - Employees 180,000
2,270,000
Operations
Insurance - Business 38,000
Custodial Maintenance 17,000
Office Supplies 45,000
Postage 50,000
Shipping 220,000
Credit Card Processing 75,000
Bank Fees 3,000
Repair & Maintenance - Building 35,000
Repair & Maintenance - Auto 7,000
Repair & Maintenance - Grounds 20,000
Utilities 40,000
Uncollectable Accounts 5,000
555,000
Administrative
Audit Fees 15,000
Legal Fees 40,000
Board Gifts and Expenses 16,500
Subscriptions & Dues - Administrative 7,500
Training/Development - Administrative 15,000
94,000
Convention
Convention Costs 1,093,500
Convention General Expenses 0
Travel - Convention 281,000
Sponsor Awards 15,000
Infuse/Sponsor Training 199,000
Officer Gifts 4,500
Printing Costs - Convention 87,000
LINK-Convention 500
Training/Development - Convention
1,680,500
Information Technology
Hardware 50,000
Software 13,000
Network 9,000
Services 68,000
Telephone 40,000
Equipment Leases/Operation 20,000
Training/Development - IT 2,000
202,000
Production Department
Supplies 37,000
Audio Video 962,500
Production Travel 50,000
1,049,500
Marketing & Development
Commissions 85,000
M&D Promotional Items 35,000
CRM 5,000
M&D Service Hours Awarded 10,000
M&D Conferences & Exhibits 1,000
M&D LINK 8,000
M&D - Advertising 15,000
M&D Marketing Assistance 25,000
M&D Special Supplies 15,000
M&D - Travel 29,000
M&D Printing Costs 15,000
M&D Training/Development 5,000
248,000
Membership
Printing Costs - Membership 76,000
Training/Development - Membership 2,000
Retention Program - Membership 35,000
General Expenses - Membership 40,000
Promotional Expense 5,000
Pins Expense 94,000
Alumni 20,000
272,000
Merchandise
Promotional Items 690,000
Discount/Promotions 5,000
Travel - Merchandise 85,000
POS System 6,000
E-Commerce/Store Front 10,000
Printing Costs - Merchandise 16,000
Training/Development - Merchandise 2,000
814,000
Leadership Development
Summer Leadership Conference 160,000
Leadership Summits Expense 225,000
Sponsor Stipend 25,000
Program Support 10,000
Printing 10,000
430,000
Finance Department
Finance - Training/Development 7,000
7,000
Travel
Travel - State Sponsors 58,500
Travel - Board 125,000
Travel - Internal Affairs 15,000
Travel - Convention Committee 5,000
Travel - National Officers 41,000
Travel - State Officers 15,000
Travel - Employee Search 3,000
262,500
Total Operating Expenses $ 7,884,500.00
42
Unaudited - Management Use Only
Increase (Decrease) In Net Assets $
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