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WORLDWIDE Chapter 149 Message Board Forum Index » nawcc issues & discussions » Here it comes--DUES INCREASE FOR N/A members
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Here it comes--DUES INCREASE FOR N/A members
PostPosted: Fri Jan 22, 2016 10:05 pm Reply with quote
Chapter President
Joined: 02 Dec 2002
Posts: 26903
Location: Boston, Ma

NAWCC Member Notice
NAWCC Board Chair's Message to the Membership

January 21, 2016

Dear Members:

To keep the NAWCC, Inc. in sound financial condition, your Board of Directors, Executive Director, and Controller have made some difficult but necessary decisions. In November 2015 the Board approved an FY2017 expense budget of $1,918,458. A separate motion increased regular membership fees by $8. The vote was ten for, one against, and one absent.

Working together, the Board and staff have made cuts in some areas of the budget but have increased funding in some vital areas. The increases will allow for the restoration of the librarian/archivist position to full time from part time and a new part-time development coordinator position to assist with grants and fundraising.

To minimize the membership fee increases, we have implemented limited advertising in the Watch & Clock Bulletin, which has resulted in over $15,000 of additional revenue, so far. We also updated the ad rates for the Mart & Highlights. Additional educational workshops should provide $12,000 over the current year.

The $8 membership increase for our regular members-both with mailed and electronic publications--is effective with April 2016 renewals. Business memberships and contributory memberships are slightly higher. The change was effective January 1, 2016, for new and lapsed members. Memberships were last increased October 1, 2012.

We have used IRS regulations to establish the fair market value of membership benefits-primarily the publications-so the balance may be used as a deduction for those who itemize for US income taxes. The deduction represents 60 percent or more of your membership, thus offsetting a portion of the increase for those who itemize.

Included with this letter is a chart that shows how your membership fees are used. We hope you will find this information helpful in understanding the importance of your membership in supporting the NAWCC and the many benefits we each enjoy, which include fellowship, buying and selling at Regionals, the great articles in our publications, library research, museum, and educational programs.

The FY2017 budget can be found at http://www.nawcc.org/images/stories/bod_docs/finance_reports/FY17_Budget_posted.pdf

On behalf of the Board of Directors, I want to express our sincere appreciation to each of you for your continued support of the NAWCC. You are important!


Phil Gregory
Chair/NAWCC Board of Directors

Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
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Here it comes--DUES INCREASE FOR N/A members
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