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This year was a great one for NCSPP in many ways. Unfortunately, meeting our budget was not one of them. We ended this year with a loss of over $34,000. Given that last year was so successful, our losses come to just $5000 over the last two years.
Members should know that historically NCSPP's myriad offerings, including our excellent journal fort da, are supported by our membership fees and by the success of our Intensive Study Groups (ISGs). When the ISGs are filled to capacity, we end the year with a positive balance, which can act as a cushion for lean times. This year we had much lower ISG registration, which is the primary reason for our end-of-year losses.
When we became aware of the financial outlook for the coming year, every committee pitched in to help, and we were able to cut expenses significantly. We also decided to hire a non-profit organizational consultant.
The real silver lining is that we have had a truly productive year vis a vis addressing and revisioning our financial picture in the current climate. We are restructuring our budget so that we can avoid the ups and downs of ISG enrollment from year to year. We also increased our course and event fees for non-members and decreased our fees for members to highlight the financial benefit of NCSPP membership. Most significantly, we have taken steps to increase our web-based presence and benefits. Members can now sign up for courses and renew membership online. We have a plan for adding more web benefits in the next one to two years.
It has been an honor serving as NCSPP Treasurer over the last two years. I am indebted to the Executive Committee, to the entire Board, and to our administrator, Michele McGuinness, for their support and camaraderie.