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

[TechieSam]

From what I see in the published annual reports, it looks like FIRST used to carry a cash reserve right around $3 million about 4 or 5 years ago. Since then, they've been generating a little over a Million in profit each of the last 4 years, which is how they've gotten up to a cash reserve of over $8 million.

I understand the $3 million reserve, and I would understand trying to have it raise 10% or so a year. But over $1 million a year does seem excessive, especially if the schools are supplying some of that reserve in registration fees.

[quote=Boydean;734911]If you really think about it, the $6 thousand dollars of reg. is almost nothing for what get in the K.O.P. Have you ever been on the side of BUYING 10seats(is it 10?) of Inventor, to my knowage it is alot more than $6grand.

As far as the regional goes, I have heard from multiple sources that FIRST runs their own production crew to do theseQUOTE]

- much of the kit of parts, including all the software is donated and totally free for FIRST, so there's no expense there
- I know our committee had to raise around $70k to cover the A/V production of the regional contracted by FIRST, so that and almost all regional expenses are paid by the regional planning committee and local sponsors, not by FIRST