[Moo] Fwd: [Announcements] SCA Financial Announcement

[Shannon D. Combs-Bennett]

For those of you who have not seen this yet.

Baroness Rhonwen




> From: Leslie Luther-Fulton <janefalada at hotmail.com>
> Date: 2010 February 17 10:56:02 AM EST
> To: sca Announcements <announcements at sca.org>
> Subject: [Announcements] SCA Financial Announcement
> Reply-To: comments at sca.org
> 
> Financial Announcement:
> 
> As we reported last year, our organization is still suffering some of
the effects of the recent economic down turn. Please take a moment to
review the 2010 SCA, Inc. budget have posted at http://www.sca.org/.
> 
> As you can see, the SCA is forecasting, roughly, to break-even for
this budget cycle (2010). At this time, this is only a forecast, and
will be monitored and modified as the year progresses.
> 
> For the year ending 2009, we project a net income of $31,174.64.
Please bear in mind that all 2009 financial data has not been processed,
so this remains a projection. This is a substantial turn-around from our
2008 loss
> of over $180,000. The corporate staff and directors worked diligently
throughout the year to review and reduce all expenses, and eliminated
anything not deemed "mission critical". The directors would like to
> recognize and commend the outstanding efforts by the VP for Corporate
Operations, Renee Signorotti, and the Corporate Treasurer, Mazelle
Attiya. These two individuals worked tirelessly to control costs. They
have our
> great thanks.
>  
> Moving forward into 2010, we will continue to work to minimize costs,
and to provide value for our members.
>  
> It must be noted first and foremost- the projected break-even budget
for 2010 is based on one critical change; membership rates will be
increase by $2, effective July 1, 2010. This will be matched with a $2
increase in the NMS. We in no way want to discourage new participants
from "trying us out", however, the Board feels strongly that
participating non members should also contribute to the organization. 
> 
> In addition, this $2 increase will be reviewed in the following budget
cycle (2011). The potential exists for additional incremental changes in
the coming years, based on future increases in organizational operating
> costs. We have listened carefully to the comments of our membership.
We believe that a smaller, regulated and controlled incremental increase
is superior to one large increase.
> 
> We continue to review additional sources of funding with respect to
the grants committee, and we are exploring alternative revenue sources.
> 
> The budget for 2010 continues the cost cutting measures noted below.
> 
> 1. The elimination of one quarterly in-person meetings of the Board of
Directors, the July meeting, which will be replaced by a conference
call. Please note: The directors remain committed to outreach to the
membership.
> The elimination of this meeting was a difficult choice as the
directors and corporate staff is committed to public meetings, traveling
across the Known World in order to meet the members and gain input from
them.
> 
> 2. The introduction of the online waivers, which will reduce postage
and paper costs. We will continue to explore the potential expansion of
the online interface to include changes in publication subscriptions.
(ie:
> being able to add subscriptions on-line)
> 
> Looking forward, we see the potential for continued financial distress
for the Society. In light of the 2008 loss and continued "close to the
bone" financial situation, the directors and corporate staff continue to
work
> through a variance analysis and budgetary options. Moving forward, we
will proceed with our efforts to examine a variety of options to reduce
costs, and increase our revenue. Please take a moment to review the list
of ideas below and send us your comments and ideas. We understand that
some of the options will be unpopular in areas of the Society. This
should not be considered a complete list of all options, nor should any
of these items be considered as a "done deal". While we have no wish to
unduly change the spirit of our shared activity, we feel strongly that
at this time all options must be placed on the table, examined and
> reviewed.
>  
> 1. Continued development of a grant program, specifically target at
supporting our publications and A&S activities.
> 
> 2. Offering Tournaments Illuminated and The Compleat Anachronist
subscriptions to non members, libraries, schools, and others.
>  
> 3. Raising the rate for these publications to our members.
> 
> 4. Adding new tiers of member sponsorship such as a Donor or Sponsor
level.
> 
> 5. Examining different membership participation options, with a short
term "event pass" for new participants.
>  
> 6. Increase our ability to fund some internal operations from sales of
SCA related merchandise. (Via Cafe Press or other, similar sites.
Individual kingdoms currently have gone in this direction. We are not
looking to
> curtail kingdom activity.)
> 
> 7. Raising membership rates. As mentioned we will review additional
incremental increases to align expenses and revenues.
> 
> 8. Fees for paperwork processing.
> 
> 
> As ever, the Board of Directors and corporate staff relies on your
input and ideas.
> 
> Send your comments to; comments at sca.org. Please recall that this is a
comment only address. All Directors all see the email from this comments
address, however we do not offer individual responses.
> 
> Thank you for your time and review of this material. You can subscribe
to Announcement by going to;
> http://www.sca.org/BOD/announcements/
> 
> 
>  
>  
>  
> 
> Your E-mail and More On-the-Go. Get Windows Live Hotmail Free. Sign up
now. = Comments are strongly encouraged and can be sent to:
> SCA Inc.
> Box 360789
> Milpitas,  CA 95036
> 
> You may also email comments at lists.sca.org.
> 
> This announcement is an official informational release by the Society
for Creative Anachronism , Inc.  Permission is granted to reproduce this
announcement in its entirety in newsletters, websites and electronic
mailing lists.
> 
> _______________________________________________
> Announcements mailing list
> To unsubscribe or change your settings, visit:
> http://lists.sca.org/listinfo/announcements
> 
> To change the email address you receive these messages at, visit the
URL
> listed above, subscribe to with your new email address.  Once this is
> completed, return to the URL listed above and unsubscribe your old
email
> address.

========================================================================
                   The Merry Rose Tavern at Cheapside
    List Info: http://merryrose.atlantia.sca.org/
  Submissions: Atlantia at seahorse.atlantia.sca.org
Subscriptions:
http://seahorse.atlantia.sca.org/listinfo.cgi/atlantia-atlantia.sca.org