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Re: Event Costs-FIRST accounting
Quote:
Originally Posted by sanddrag
I don't have the data on how many teams compete at multiple events, but if you did some quick math on 3000 teams each paying a $5000 registration fee for their first regional, 400 teams paying $5000 for championship, and say 1000 teams paying $4000 for a second regional, that's $21 million.
Their 2013 financial audit report indicates a total program registration fee income of $19 million.
So, to me, what the audit report looks like, is that it costs FIRST about $10,000 per team per year to operate this program. That seems rather costly for them.
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I've not looked at the referenced financial documents but do your calculations per team account for Jr.FLL, FLL, and FTC teams in addition to FRC teams?
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