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Money Money Money

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TWO KINDS OF ORGANIZATONS

Some have a financial surplus

These organization have the resources to carry on

Some do not

These organizations are as extinct as Dinosaurs(they just don’t make movies about them)

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HOW DO WE ATTAINFINANCIAL SUCCESS

Dumb Luck

Magic

Unsolicited gifts from anonymous sources

Planning and sound management

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SHORT TERM

Set a budget

Stick to it

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Write a Budget

What are your revenue sources

What are the expected expenses

This is easy in Excel

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Write a BudgetNumber of members X $9 = Grand Encampment per capita

Conclave ExpenseGrand Recorder OfficePostageAccountingAwardsTravelOther

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Write a Budget

Investment incomeSale of rituals and suppliesSpecial eventsConclave meals

Number of membersless remissionsX your per capita = most of your revenue

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HOW DO YOU BALANCE A BUDGET

Cut Expenses

Raise more money

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CUTTING EXPENSES

1) Can they be cut? Mandatory expenses

2) Cutting fat or cutting muscle – Do your members look forward to quality or second class events

3) Unintended consequences – per diem expenses for Grand Conclave

4) Spend money to make money – membership programs and awards

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CUTTING EXPENSES

1) Postage vs. e-mail

2) Avoid waste

3) Put the money only into things of value

4) Electronic publication of proceedings

5) Printing of books of regulations?

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RAISING MONEY

1) Raise dues and fees

2) Make an Assessment

3) New sources of income

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Raising duesand fees

1) All at once or gradually

2) When there is a crisis or planned

3) Do you remit dues and for who

4) Give your constituency time to

make necessary changes

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Raising duesand fees

If we raise dues we will lose all the members

Dues are so high now that nobody can pay them

Of course we have to remit dues for 50 year members

Dues facts? or myths?

These decisions are your choice

Choose wisely

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ASSESSMENTS

Does this solve everything

Not something you can do often

One time boost

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New sources of funds

1) Fund raising events

2) Can you make the dinners profitable

3) Sale of commemorative items

4) Registration fees

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Vision for the future

Nearly 100 years ago we built buildings

Make the Order something to value

Build for future sustainability

What have we done recently?

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PERMANENT FUND

Not to be spentIncrease annuallyProvides revenue regardlessof membership

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PERMANENTFUND

Where do we get the Money?

One time assessment

$1 per year per Capita

Donations (IN / VA)

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PERMANENT FUNDInvest wisely

Professional assistance

Understand Investing timelines

Risk vs. Rewards

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FACTS OF LIFEThe laws of economics

have not been repealed

The money won’t take care of itself

You can’t “fix it” and then never have to look at it again

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SOMEDAY WHEN YOU ARE OLD (ER)

Or they will say

You were once a Templar? What’s that?

Wow! You were once the head of this!

People won’t remember or care what your programs were

But they will say to you

Which would you prefer?

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THE END

Thank You for Coming

And Good Luck