[Ravensfort] Fw: [Ansteorra-announce] [Announcements] From theBoard of Directors-Financial Announcement

Dan Smith Jr gogetdan at gmail.com
Sun Feb 22 11:54:51 PST 2009 

Before I go further, can somebody explain this line to me so that I'm sure I get it's meaning? :


"4.    The Directors and corporate staff have realigned our investments in minimize the impact of a volatile market."


Thanks.  Alaric




From: CAC 
Sent: Friday, February 20, 2009 11:51 AM
To: Raven's Fort Barony of 
Subject: [Ravensfort] Fw: [Ansteorra-announce] [Announcements] From theBoard of Directors-Financial Announcement


      This is interesting for those that aren't on the Ansteorra list. For those that are I apologize for your having to look at it twice.' The times they are a'changin."  wasn't that Bob Dylan?!

      --- On Fri, 2/20/09, Patrick Anderson <president at sca.org> wrote:

        From: Patrick Anderson <president at sca.org>
        Subject: [Ansteorra-announce] [Announcements] From the Board of Directors-Financial Announcement
        To: announcements at sca.org
        Date: Friday, February 20, 2009, 11:27 AM


Financial Announcement:Our organization, like most of the world, is suffering from the recenteconomic down turn. Please take a moment to review the 2009 SCA, Inc.budget the directors and corporate staff have posted
 athttp://www.sca.org/. As you can see, the SCA is forecasting a deficitfor this budget cycle (2009). At this time, this is only a forecast, andwill be monitored and modified as the year progresses. For the yearending 2008, we had a net loss of $181,595.56. Looking forward to 2009,changes in funding strategy will be required to meet current and futureneeds.The SCA's 2008 and projected 2009 deficit is a result of severalfactors.1.      An increase in the cost to the SCA's liability insurance.2.      The increased cost of travel.3.      The increased cost materials; printing, paper, postage etc.4.      Over the last couple of years our membership numbers hadremained steady. However, the last four months have shown a slightoverall decline in membership and more people are renewing as associateorfamily members, resulting in a loss of revenue.5.      The Organization's branches hosted
 roughly 100 fewer events thisyear; down to 1123 from 1247 the previous year.At the October 2008 Board meeting the Board of Directors took thefollowing substantive measures to cut costs.1.    The elimination of one of the quarterly in-person meetings of theBoard of Directors, the July meeting, which will be replaced by aconference call. Please note: The directors remain committed to outreachto the membership. The elimination of this meeting was a difficultchoice as the directors and corporate staff is committed to publicmeetings, traveling across the Known World in order to meet the membersand gain input from them.2.    The introduction of the online waivers, which will reduce postageand paper costs.3.    The Corporate office also negotiated a reduction in rental fees inour new lease.4.    The Directors and corporate staff have realigned our investmentsin minimize the impact of a
 volatile market.Looking forward, we see the potential for continued financial distressfor the Organization. In light of the 2008 loss, the Directors andcorporate staff are currently working through a variance analysis. Thefirst results of this analysis are the measures noted above. Movingforward, we are looking at a variety of options to reduce costs, andincrease our revenue. Please take a moment to review the list of ideasbelow and send us your comments and ideas. We understand that some ofthe options will be unpopular in areas of the Society. This should notbe considered a complete list of all options, nor should any of theseitems be considered as a "done deal". While we have no wish to undulychange the spirit of our shared activity, we feel strongly that at thistime all options must be placed on the table, examined andreviewed.1.    Development of a Grant program, specifically target at
 supportingour publications and A&S activities.2.    Offering Tournaments Illuminated and The Compleat Anachronistsubscriptions to non members, libraries, schools, and others.3.    Raising the rate for these publications to our members. 4.    Adding new tiers of member sponsorship of the SCA such as a Donoror Sponsor level of involvement.5.    Examining the different membership participation options, with ashort term "event pass" for new participants.6.    Increased funding from sales of SCA related merchandise (via CafePress or other similar sites Individual Kingdoms currently have gone inthis direction. We are not looking to curtail this activity. )7.    Raising  membership rates.Please note that the Organization is capable of funding the forecasteddeficit for 2008 and 2009 from our reserves. However, with the currenteconomic environment and the SCA's challenges, this does not seem
 tobe a prudent solution.As ever, the Board of Directors and Corporate staff needs your input andideas.Comments may be sent to; comments at sca.org. Please recall that this is acomment only address. The Directors all see the email from this commentsaddress, however we do not offer individual responses.Thank you for your time and review of this material.--Patrick AndersonPresidentSociety for Creative Anachronism, Inc.president at sca.org952-412-4112Comments are strongly encouraged and can be sent to:SCA Inc.Box 360789Milpitas,  CA 95036You may also email comments at lists.sca.org.This announcement is an official informational release by the Society forCreative Anachronism , Inc.  Permission is granted to reproduce thisannouncement in its entirety in newsletters, websites and electronic
 mailinglists._______________________________________________Announcements mailing listTo unsubscribe or change your settings, visit:http://lists.sca.org/listinfo/announcementsTo change the email address you receive these messages at, visit the URLlisted above, subscribe to with your new email address.  Once this iscompleted, return to the URL listed above and unsubscribe your old emailaddress._______________________________________________Ansteorra-Announce mailing listAnsteorra-Announce at ansteorra.orghttp://lists.ansteorra.org/listinfo.cgi/ansteorra-announce2-ansteorra.org 




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