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Re: FIRST has $8 Million?!? What did I miss?
Having some reserve is important for any organization or program. The loss of a major sponsor can wreck havoc in this program. Suppose NASA, because it's own budgetary issues, is not able to support FIRST at the current level next year. This may impact grants for rookie teams, but more importantly, reduce sponsorships for regionals.
This modest ($1M?) reserve gives FIRST some flexibility in dealing with these sorts of situations without having a meltdown.
Having a BLACK number on the bottom line is MUCH better than a RED number. That's about all I know about business  .
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2003 AZ: Semifinals, Motorola Quality; SoCal: Q-finals, Xerox Creativity; IRI: Q-finals
2004 AZ: Semifinals, GM Industrial Design; SoCal: Winners, Leadership in Controls; Championship: Galileo #2 seed, Q-finals; IRI: Champions
2005 AZ: #1 Seed, Xerox Creativity; SoCal: Finalist, RadioShack Controls; SVR: Winners, Delphi "Driving Tomorrow's Technologies"; Championship: Archimedes Semifinals; IRI: Finalist
2007 LA: Finalist; San Diego: Q-finals; CalGames: Finalist || 2008 San Diego: Q-finals; LA: Winners; CalGames: Finalist || 2009 LA: Semifinals; Las Vegas: Q-finals; IRI: #1 Seed, Finalist
2010 AZ: Motorola Quality; LA: Finalist || 2011 SD: Q-finals; LA: Q-finals || 2013 LA: Xerox Creativity, WFFA, Dean's List Finalist || 2014 IE: Q-finals, LA: Finalist, Dean's List Finalist
2016 Ventura: Q-finals, WFFA, Engineering Inspiration
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