FIRST has $8 Million?!? What did I miss? - Page 2

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FIRST has $8 Million?!? What did I miss?

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11-04-2008, 07:22

Kate00

Not In My House

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Team Role: College Student

Join Date: Feb 2005

Rookie Year: 2005

Location: Toronto, Canada

Posts: 100

Re: FIRST has $8 Million?!? What did I miss?

From what I understand, looking at FIRST's financials, which are publicly available, they have $8M in "cash assets." Not in scholarship funds, in cash reserve. It's definitely FIRST's money. Their increase in cash and cash equivalents from 2006 to 2007 was $1.4M, so it obviously doesn't have to do with bills to be paid. That seems a bit excessive for a not-for-profit corporation to me.

http://usfirst.org/who/content.aspx?id=78 "FIRST's Audited Financials."

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