1997 - 1998 Planning Budget
www.uschess.org is the Official Website of the United States Chess Federation
STATEMENT Actual Actual USCF Budget LMA Budget
OF REVENUE FYE 9 Months FYE FYE
JUNE 1996 MARCH 1997 MAY 1998 MAY 1998
MEMBERSHIP
Regular One-Year $921,868 $681,867 $925,000
Regular Multi-Year 194,446 156,740 218,000
Senior One-Year 86,121 66,754 89,000
Senior Multi-Year 12,179 10,624 14,000
Family Membership 5,610 4,662 6,000
Trial Membership 21,490 14,054 19,000
Miscellaneous Membership 4,034 4,004 5,000
Youth One-Year 118,650 97,720 206,000
Youth Multi-Year 12,038 9,882 24,000
Scholastic One-Year 240,516 182,694 214,000
Scholastic Multi-Year 8,460 19,958 23,000
Sustaining (50/50) 37,056 30,412 40,000
Life Membership
(5/95 Percent) 1,373 1,029 1,000
Life Membership (Deferral) A N/A 140,000
Affiliations 74,644 61,168 81,000
SUBTOTAL $1,738,485 $1,341,568 $2,005,000 $0
BOOKS & EQUIPMENT
Sales Of Books
and Equipment 3,600,283 2,508,423 3,500,000
SUBTOTAL $3,600,283 $2,508,423 $3,500,000 $0
ELECTRONIC SERVICES
Uscf Website And Other 4,266 1,883 35,000
SUBTOTAL $4,266 $1,883 $35,000 $0
MAGAZINE REVENUES
School Mates Subs 11,874 8,943 13,000
Chess Life Subs 33,172 28,285 38,000
Chess Life Newsstand 35,190 35,059 49,000
Chess Life Advertising 231,790 191,383 310,000
School Mates Advertising 2,040 4,700 17,000
SUBTOTAL $314,066 $268,370 $427,000 $0
OTHER SERVICES
Rating Fees/Crosstable
Sales 155,374 117,056 160,000
Mailing List Sales 25,082 19,538 26,000
Certification Fees 1,096 818 1,000
SUBTOTAL $181,552 $137,412 $187,000 $0
TOURNAMENTS
Correspondence Fees 43,308 33,144 44,000
Open Tournament Entry Fees
& Donations 224,436 82,319 110,000
Sponsorship 177,367 50,416 75,000
Chess Trust Sponsorship 11,000 0 28,000
Acf Sponsorship 5,000 0 5,000
SUBTOTAL $461,111 $165,879 $262,000 $0
OTHER REVENUES
Chess Trust Administration
17,560 13,162 18,000
Interest, Dividends,
Gains/(Losses) 130,670 81,178 2,000 60,000
Royalties 96,673 57,354 76,000
Rental Income N/A N/A 0 60,000
General Donations 5,159 1,616 20,000
SUBTOTAL $250,062 $153,310 $116,000 $120,000
TOTAL REVENUE $6,549,825 $4,576,846 $6,532,000 $120,000
STATEMENT Actual Actual USCF Budget LMA Budget
OF EXPENSES FYE 9 Months FYE FYE
JUNE 1996 MARCH 1997 MAY 1998 MAY 1998
MAGAZINE EXPENSES
Chess Life Printing $430,060 $301,850 $396,000
Chess Life Mailing 194,455 166,832 251,000
Cl Writers' &
Contributor's Fees 89,278 62,500 90,000
Other Chess Life
Editorial Expenses 5,162 2,226 3,000
School Mates Printing 49,701 44,767 60,000
School Mates Mailing 29,336 25,053 35,000
School Mates Writer's Fees
2,902 2,068 3,000
SUBTOTAL $800,894 $605,296 $838,000 $0
BOOKS & EQUIPMENT COSTS
Cost Of Books
and Equipment 1,962,655 1,344,537 1,890,000
Delivery 294,786 219,131 295,000
Shipping/Packing
Supplies 68,732 46,063 65,000
Catalog Printing 187,979 108,433 180,000
Catalog Mailing 107,629 56,945 100,000
SUBTOTAL $2,621,781 $1,775,109 $2,530,000 $0
ELECTRONIC SERVICES
Uscf Website And Other 46,407 28,859 40,000
SUBTOTAL $46,407 $28,859 $40,000 $0
OTHER SERVICES & PROGRAMS EXP.
Promotions 42,596 17,547 45,000
Membership Forms
and Supplies 99,422 56,828 76,000
Rating Supplement 15,600 14,013 19,000
Scholastic Promotions 62,760 9,527 20,000
State Affiliate Support
Program 27,549 23,400 32,000
SUBTOTAL $247,927 $121,315 $192,000 $0
TOURNAMENT EXPENSES
Correspondence Chess
Prizes 7,831 6,049 8,000
Open Tournament
Prizes & Expenses 213,290 76,479 100,000
Invitational Tournaments 200,047 231,291 262,000
SUBTOTAL $421,168 $313,819 $370,000 $0
PERSONNEL EXPENSES
Salaries $1,275,171 $995,647 $1,200,000
Payroll Taxes 115,019 79,187 115,000
Employee Benefits 101,042 106,895 150,000
SUBTOTAL $1,491,232 $1,181,729 $1,465,000 $0
GENERAL and ADMIN EXPENSE
Travel and
Administration 74,176 65,811 75,000
Postage 175,419 140,476 196,000
Office Supplies 58,285 29,169 60,000
Professional Fees 131,065 130,968 70,000
Interest Expense 7,409 12,680 15,000
Provision For Bad Debt 19,022 6,040 12,000
SUBTOTAL $465,376 $385,144 $428,000 $0
OVERHEAD EXPENSES
Rent (Chess Life) 4,700 25,650 35,000
Rent (Imputed LMA) N/A N/A 60,000
Utilities 19,284 13,767 18,000
Telephone 96,109 82,608 110,000
Insurance 37,795 28,279 38,000
General Repairs/
Maintenance 45,627 38,999 62,000
Property Taxes 13,603 10,847 14,000
Computer Maintenance/
Software 14,852 2,216 9,000
Fixed Asset Acquisitions 70,881 42,333 5,000
Depreciation N/A N/A 60,000
Depreciation (Facilities) N/A N/A 0 20,000
Equipment Rental 8,237 6,027 8,000
Bank Charges 4,783 1,352 2,000
Credit Card Fees 75,976 59,015 78,000
Other 1,816 25 1,000
SUBTOTAL $393,663 $311,118 $500,000 $20,000
GOVERNANCE
Policy Board 43,080 37,772 40,000
Policy Board Newsletter 8,487 7,848 10,000
Fide Fees 4,509 652 6,000
Fide Delegates and
Zonal President 4,143 7,979 7,000
SUBTOTAL $60,219 $54,251 $63,000 $0
TOTAL EXPENSES $6,548,667 $4,776,640 $6,426,000 $ 20,000
TOTAL REVENUES $6,549,825 $4,576,846 $6,532,000 $120,000
TOTAL EXPENSES $6,548,667 $4,776,640 $6,426,000 $ 20,000
NET EXCESS/(LOSS) $1,158 ($199,794) $106,000 $100,000
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