This page will share some basic financial facts about our group and the treasury balance. A rolling 3-month balance summary will be posted (generally at the end of a month).
Allentown Center City Chess Club has no formal dues -- our operations run on the proceeds of our weekly events. We have the following recurring expenses:
Monthly donation ($200) to St. Luke's Church (we try to be good tenants)
USCF affiliate fee ($40 1x year)
TLA in Chess Life for our monthly quads (varies -- currently $100 every 6 mths)
Supplies (TD supplies, printing flyers, buying scoresheets from USCF)
Each weekly event must cover the cost of the prize fund, the USCF rating fee, a small stipend for the TD, and any miscellaneous expenses. If our weekly events do not generate a "profit" that is sufficient to cover the cost of the monthly church donation, then the club is in a "deficit position" (those of you who use Fritz to analyze your chess games know what that means!).
Any weekly event that generates a "profit" of less than $50 is not meeting the pro-rated church donation cost (i.e. overhead) for that week, though it might still make a positive contribution to treasury.
Club has had a "deficit position" for quite some time -- it is backed by the "bank of the organizer" and that is why we have been able to buy a few new sets and related items despite the negative fund balance.
August
($1,664) fund balance 7/25/09
$28 net gain 8/1/09
$68 net gain quads 8/8/09
($27) net loss 8/15/09
$35 net gain 8/22/09
($200) donation to church for July 2009 (8/28/09)
($11) net loss 8/29/09
($1,771) fund balance 8/29/09
September
($1,771) fund balance 8/29/09
$13 net gain 9/5/09
$25 net gain quads 9/12/09
($3) net loss 9/19/09
($3) net loss 9/26/09
($200) donation to church for August 2009 (9/28/09)
($1,939) fund balance 9/28/09
October
($1,939) fund balance 9/28/09
$21 net gain 10/3/09
$42 net gain quads 10/10/09
($18) net loss David Elliott Memorial 10/17/09 (includes $250 anonymous donation)
$150 anonymous donation for club advertising 10/17/09
($66) 4 sets and scoresheets order (USCF) 10/17/09
($110) 2 quarter-page advertisements in upcoming issues of PSCF newsletter 10/17/09
$1 net gain 10/24/09
($12) net loss 10/31/09
($200) donation to church for September 2009 (10/31/09)
($2,131) fund balance 10/31/09
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