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Re: Entry costs
Just to add a little to this discussion...
As a member of a regional planning committee, please know that we have to fund raise the total cost of the regional. That amounts to fundraising of $250K to put on the regional in our area. I am not sure what costs are covered by these expenses as FIRST tends to dictate what revenues are needed to put on an event with no detail on the expenses for the same regional.
However, looking at the financials you see about $17mm in the bank and another $8mm in pledges.
There is not enough details in this poor excuse for an annual report to make any judgement about expenses and profit.
However, I do question the increase of $6mm in costs from 2010 to 2011 for putting on the FRC programs. Seems to be very excessive at first pass.
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