1. Money Money Money 1

2. TWO KINDS OF ORGANIZATIONS
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) 2

3. HOW DO WE ATTAIN FINANCIAL SUCCESS
Unsolicited gifts from anonymous sources
Dumb Luck
Magic
Planning and sound management 3

4. SHORT TERM
Set a budget
Stick to it 4

5. Write a Budget What are your revenue sources
What are the expected expenses
Switch to excel demonstration
Include all of dais in discussion
This is easy in Excel 5

6. Write a Budget Conclave Expense Grand Recorder Office Postage
Number of members X $9 = Grand Encampment per capita
Conclave Expense
Grand Recorder Office
Postage
Accounting
Awards
Travel
Other
Switch to excel demonstration
Include all of dais in discussion 6

7. Write a Budget Investment income Sale of rituals and supplies
Number of members less remissions
X your per capita = most of your revenue
Investment income
Sale of rituals and supplies
Special events
Conclave meals
Switch to excel demonstration
Include all of dais in discussion 7

8. HOW DO YOU BALANCE A BUDGET
Cut Expenses
Raise more money 8

9. 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
1) Mandatory expenses such as per Capita
2) Restaurant style dinner or mystery meat at the Temple
3) Eliminate per diem & many people sing in and go home
4) Awards and membership programs can get you more than they cost 9

10. 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?
Most of you have already increased communication while cutting postage
Is the money being spent wisely – can you buy in bulk
Movie producers talk about costs being on the screen vs. perks – is your money going into things of value
Some people need printed proceedings – most do not – what are you doing
Regulations change frequently / annually? – do we pay to print them 10

11. RAISING MONEY 1) Raise dues and fees 2) Make an Assessment
3) New sources of income 11

12. Raising dues and 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
Do the increases disrupt local sustainability or cause a shock
Are you thinking ahead and selling the need
50 year / financial need – who carries the cost
Your constituents have to adapt – don’t move faster than they can manage 12

13. These decisions are your choice
Raising dues and fees
Dues facts? or myths?
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
Indianapolis Valley Scottish Rite doubled dues – they lost 2% of members (some of those were transfers to other Valleys
Are dues really so high – Would dinner for 2 at Applebee’s cost more
50 year members were rare 100 years ago – its now about 18% of Indiana Lodge membership
These decisions are your choice
Choose wisely 13

14. Does this solve everything
ASSESSMENTS
One time boost
Does this solve everything
Not something you can do often 14

15. New Sources of Funds 1) Fund raising events
2) Can you make the dinners profitable
3) Sale of commemorative items
4) Registration fees
Special events can be fun and profitable – picnics, go to a show, trips
Have some entertainment and make some $
People who complain about being charged will gladly buy special regalia
Are registration fees a possibility 15

16. Vision for the future Nearly 100 years ago we built buildings
What have we done recently?
Make the Order something to value
Build for future sustainability 16

17. Provides revenue regardless of membership
PERMANENT FUND
Not to be spent
Increase annually
Provides revenue regardless of membership 17

18. Where do we get the Money?
PERMANENT FUND
Where do we get the Money?
One time assessment
$1 per year per Capita
Donations (IN / VA)
Even $1 per member per year adds up over time
Newby Avery fund in IN / Baldwin Brown fund in VA 18

19. PERMANENT FUND Invest Wisely Professional Assistance
Risk vs. Rewards
Professional Assistance
CDs are safe but provide little income over long term
When the fund reaches a certain size get professional managers – do not use member/amateurs
Short term market risks matter little if you can wait long enough to ride it out – we plan to be here in 200 years
Understand Investing Timelines 19

20. FACTS OF LIFE The laws of economics have not been repealed
The money won’t take care of itself
You may not find it as fun as ritual but if you don’t do it there will be consequences
You can’t “fix it” and then never have to look at it again 20

21. SOMEDAY WHEN YOU ARE OLD (ER)
People won’t remember or care what your programs were----But they will say to you
You were once a Templar? What’s that?
Or they will say
Wow! You were once the head of this!
Which would you prefer? 21

22. THE END
Thank You for Coming
And Good Luck 22