Quote:
Originally Posted by Ben Piecuch
I'd be very interested to know how much of my registration fee is going to pay for insurance at the events.
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Quote:
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Originally Posted by FIRST Annual Report
2006 Operating expenses:
FIRST Robotics Competition $14,023,526
FIRST LEGO League $1,271,223
FIRST Vex Challenge $634,510
FIRST Place $77,085
Management and general $2,676,235
Operation of building $337,218
Depreciation $361,644
Total operating expenses $19,381,441
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The lion's share (72%) of FIRST's budget, $14 million last year, went to putting on FRC events. This was only partly (79%) offset by the $11 million in registration fees they took in. The rest (21%) was covered by sponsors.
I wouldn't know how much of the $14 million went to insurance premiums but I'll bet it was more than any of us would like. Even so, I doubt it was more than 21% of the cost. So it is unlikely that ANY of our registration fees went to cover insurance -- that was part of the sponsors' share.
__________________
Richard Wallace
Mentor since 2011 for FRC 3620 Average Joes (St. Joseph, Michigan)
Mentor 2002-10 for FRC 931 Perpetual Chaos (St. Louis, Missouri)
since 2003
I believe in intuition and inspiration. Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution. It is, strictly speaking, a real factor in scientific research.
(Cosmic Religion : With Other Opinions and Aphorisms (1931) by Albert Einstein, p. 97)