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All I know is that they are in the midsts of a capital campaign. Their goal was about 6 mil. As of summer 04, they had raised (if I remember correctly) about $1.5 million, just from board members alone(its common practice in cc's to raise a chunk of the cash before publically announing the campaign.)
This could be a secondary -general brotherhood- phase of the cc.
I am sure we'll get a pretty clear picture of the health of the org at GA in summer 06. It will be based on two things (obviously) revenues and expenses. I will expect expenses to have dropped by a good chunk; we've had no major legal expenses or judgements, staff has been cut, the elimination of the printing of the C&C, and the cutback in conferences (no regional conferences this spring - just the one combined conference in Texas). Although there was the signficant expense (I dont know how much) the new computer database system cost. I do know the cost was shared by the three companies, and was a necessary thing. It also allowed HQ to trim some staff positions... saving more money.
Revenues in 04-05 increased because of the approx 4% increase in new associations. Figures wont be in for this year till March of 06. HQ was expecting an increase this year as well (but I am not aware of an exact percentage expected) because of the Recruitment Boot Camp program. Increased associations equal increased revenues. That, with the capital campaign (although I dont know which company was the reciepient of the CC - since the three 'fraternity companies' are still a new concept to us (less than 5 years old) many still use the term 'fraternity' to refer to all three, when in fact there is the foundation, properties and the fraternity itself. Since the fraternity 'company' was the one in the most dire of straits, I would assume it was the target of the cc's efforts.
Last edited by lifesaver; 12-06-2005 at 05:40 AM.
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