Do You Know Where Your Money Goes?

24 Sep 2012 5:22 PM | Gale Mote

As a board, we work hard to ensure your annual membership dues result in a positive return on your investment.  We strive to provide high quality programs each month that help you to perform at an exceptional level in your roles as learning and workplace performance professionals. The annual professional development seminars and CPLP study groups are additional opportunities to sharpen the saw.

As VP Administration, I am responsible for monitoring and administering the finances of the Chapter. As a non-profit, our goal is to effectively manage cash flow to provide the best possible value for our members. The annual budget and monthly financial reports are posted on the members only website for your review.  It is important for you to know how your dues are being spent and invested. 

Here are the major expenditures we budget for as a chapter each year:

  • Annual national ASTD membership dues for 8 Board members ($952)
  • Directors and Officers Insurance ($450)
  • Website Hosting ($480)
  • Audio-Conferencing Fees ($390)
  • All Chapter Meeting Refreshments ($400)
  • Sponsor 2 Board members to attend ASTD Leader Conference in Arlington, VA ($2000)
  • Annual PO Box fees ($52)
  • Office supplies and postage ($200)

We have been fortunate to have organizations donate meeting space for us each month.  Local ASTD members have graciously facilitated our programs and CPLP study groups at no cost. We have not traditionally spent money on advertising for membership recruitment or program events.

The primary source of revenue for our chapter is new and renewing membership dues. We also receive some incentive money (ChIP) from National ASTD when members purchase items or renew their national membership on ASTD's website. This year we have been actively looking for sponsors for our website, programs and professional development events. Our annual professional development seminar is a major revenue generating event to help fund activities for the next year. Posting job openings also generates additional income for the chapter.

If you have questions, concerns, ideas or suggestions on how to increase revenue and/or reduce cost, I'd love to hear from you.

ATD Hawkeye Chapter
P.O. Box 10847
 Rapids, IA 52410-0847

Phone: 319-244-8482

© 2020 ATD Hawkeye Chapter

When registering or ordering at ATD, remember to enter our chapter ChIP Code: CH6101

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