(Lack of) Value in the Regional Model

[MrRoboSteve]

Originally Posted by Nemo

FIRST HQ makes the teams do their fundraising for them. We raise something like $20 million each year in the form of registration fees to pay for the cost of running FIRST HQ and whatever else it pays for.

FIRST doesn't tell us where this money goes. Their annual report has one line that says "XY million: FRC expenses," and that's all we get to see.

It took me two minutes to find the audited financial statements and the form 990, which have a lot more data than "XY million: FRC expenses."