by Michelle Bayes DTM District Finance Manager
Membership dues are an integral part of many organizations, and District 25 Toastmasters is no exception. Member dues are not just a financial obligation; they are an investment in the collective resources and services that benefit all of us. Understanding how this money is utilized can enhance our appreciation of the value provided by our membership.
You may be wondering, what is the district’s cut when you say “YES! I will re-invest for $60” in April and again in October? The answer is that District 25 receives 25% (or $15) from each member renewal – or $30 annually. Collectively these dollars make up over 50% of the annual operating revenue for District 25 with the remaining coming from the Summit and the Annual Conference.
That’s cool but how does that money get put to work? While Toastmasters is a volunteer organization, the financial resources are not. These dollars are used to pay for the maintenance of our world-famous website, for the tool that you are reading this article from, MailChimp, and for materials needed to put on those AWESOME TLIs.
Is there more? Of course there’s more! A portion of these dollars are invested in new clubs as District 25 ensures that each club we charter have the basics to launch successfully, while other dollars are invested in recognizing club achievements as part of our year-end celebration.
Want to learn more about how your district dollars work for you? Reach out to our District Finance Manager, Michelle Bayes. I’d love to chat with you about our district’s financial management!
