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Funding the Future

Funding the Future. RW Matthew T. Szramoski Chairman, Committee on Finance. What is our problem?. M & M’s. Comparing 1970 and 2010. 1970 Population of Virginia was 4,648,494 Number of Masons 71,057 Per capita was $3.50 Potential net of $248,699, adjusted for inflation $1,373,716.20.

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Funding the Future

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  1. Funding the Future RW Matthew T. Szramoski Chairman, Committee on Finance

  2. What is our problem? M & M’s

  3. Comparing 1970 and 2010 1970 • Population of Virginia was 4,648,494 • Number of Masons 71,057 • Per capita was $3.50 • Potential net of $248,699, adjusted for inflation $1,373,716.20 2010 • Population of Virginia is 7,882,590 • Number of Masons 39,243 • Per capita is $23.00 • Expected 2010 per capita income (including LMIP’s) is $760,000 • If membership trends had not changed, membership would be approximately 100,000 and per capita income would be $2,228,034

  4. What do we pay now? $28.00 per current dues paying member in per capita and assessments $ 3.00 Masonic Home of Virginia $ 1.00 George Washington Masonic Memorial $ .40 Grand Lodge Scholarship Fund $ .20 DeMolay Foundation $ .20 Jobs Daughter Foundation $ .20 Rainbow Foundation $23.00 Grand Lodge Budget

  5. What are we spending the $23.00 on? • Grand Secretary’s Office /Grand Lodge Administration 36% • Grand Master/Grand Lodge Officers 14% • Grand Annual Communication 12% • General Support 8% • Ritual & Educational Programs 7% • Masonic Herald 6% • Building Operations 6.5% • DDGM’s 2% • Public Relations 1.5% • Masonic Recognition/Charity 1% • Misc. 7%

  6. What are we doing to contain costs and bring in additional revenue? • 95%+ of all Grand Lodge publications are printed in-house • Increased reliance on E-Mail/Internet to reduce postage expenses • Reduction in the number of issues of the Masonic Herald published on an annual basis • Competitive bidding on an annual basis for Grand Lodge service providers (i.e., insurance, maintenance, etc.) • Consolidation of Grand Lodge investments under a single management firm to reduce expenses • Examining ways to create additional revenue streams to lower the dependence on dues for income • Actively promote the Life Membership in Perpetuity program • No new Grand Lodge programs without a revenue source

  7. What have we done in the existing budget? • No new committee funding • Most committees operate with a $0.00 budget • Developed a protocol for attendance at the Grand Annual Communication to minimize expenses • No new funding for Grand Master/Grand Line expenses • Reduction in the number of attendees at DLC’s and other Grand Lodge programs • Reduced costs at the DDGM conference

  8. Why do we need an increase? • Maintain existing programs • Decrease in membership… • Even with an increase… (100 new members = $2,300) • Maintain and update technological capabilities • Continue to provide programs that directly benefit the lodges in Virginia • Reduce the need for special assessments • Ensure the financial stability of the fraternity

  9. What are we asking for in 2010? • $10.00 per capita increase-or .83 cents a month! • Staggered or One-Time Increase? • Please discuss which you would prefer in your counterpart session!

  10. Questions? I will be here until the end of the conference or ask in your counterpart session!

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