Budget for the year.

[davidthefat]

I know money is a sensitive topic, but I would like to know how most teams sustain every year.

Last year, we had $18,020.85 in overheard spending. Our starting budget for this year came out to be -$400. We raised enough last week to have $0 as a balance.

The questions are:

Total overhead spending:
Income from sponsor ships:
Income from fund raisers:
Extra income (such as lab fee or private donations):
Number of Regionals attended:
Extra cost for trips (Like hotel, food, transportation):
Cost for robot:
Cost for Offseason projects:
Extra Cost:
End budget:


I would like to learn how the other teams are sustaining every year. Obviously, we need to work better with the budget this year.

Also, what are the incentives for sponsors? Other than the Advertising and the "feel good" syndrome.

[Andrew Schreiber]

Slightly off topic post but still relatively related: The CD thread on fundraising 101 is located http://www.chiefdelphi.com/forums/showthread.php?t=68044&highlight=Team+Budget

This thread (http://www.chiefdelphi.com/forums/showthread.php?t=81228) may also be of interest to you. Same with the NEMO website as it contains a lot of information that is very useful (http://www.firstnemo.org/resources.htm)

I would offer to show you the budget for 397 but since we competed in the Michigan district system it would be less than useful for you. I would suggest seeing if a team near you could share their budget with you.

[princessnatalie]

Ours may be a little scary...

Total overhead spending:
Income from sponsor ships: $24,971 (this includes our ASB funds and grants)
Income from fund raisers: $2,480
Extra income (such as lab fee or private donations): $15,800 (left over from previous year, and student contributions)
Number of Regionals attended: 2
Extra cost for trips (Like hotel, food, transportation): $20,835
Cost for robot: $4,000 (I am not sure if this is exact or rather the estimated amount)
Cost for Offseason projects: $2,900 (included is alot of our PR and Fundraising costs)
Extra Cost: $14,000 (registration for both Regionals and Championships)
End budget:

Our total income was $45,351 and total expenses was $42,335.
We ended with a $3,016 gap.

[Hawiian Cadder]

we have the students pay all of their trip costs, so that is not included in this.

robot costs = 1800 dollars this year, 400 last year, on average, probably about 1500 dollars.

we typically go to 1 regional and CMP every year, so somewhere around 10k-11k for that.

we have computers, shop tools, solid works seats, electricity, and metal all donated.

we typically make close to 5k with fundraisers, and another 6-7k from sponsors, most of the sponsorship money we get involves us taking the robot to the company and doing an extended demo.

[MysterE]

Our budget last year ended at around 30k. We ended 2k in the hole - thanks to one of our Mentors for being passionate enough to buy things that we need in the future. We will fill that hole this year. My goal for this year is around 50k to cover the cost of building two robots - one for training and one for competition.

-D

[thefro526]

Our budget as of late ends up being around 18k-20k.

Usually we spend about 5k in registration, 4k on a second event, and 6k on the CMP and the remainder goes towards building robots and misc. stuff. Since we missed the CMP in the 2011 season we came out about 3.5k-4k on the plus side.