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Question for Board

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  • Terry D.
    Extremely Frequent Poster
    • May 31, 1987
    • 2691

    Question for Board

    Can someone explain to me why the NCRS has over 1.5 million dollars in assests? Most of which is cash and CD's. Are we trying to reach some goal? Shouldn't we be using this money for something useful? Maybe lower the cost of membership or entry fees at Judging shows. Having belonged to several organizations over the last 50 years I fail to see why we have such a large nestegg.
  • David H.
    Extremely Frequent Poster
    • June 30, 2001
    • 1521

    #2
    Re: Question for Board

    Originally posted by Terry Deusterman (11486)
    Can someone explain to me why the NCRS has over 1.5 million dollars in assests? Most of which is cash and CD's. Are we trying to reach some goal? Shouldn't we be using this money for something useful? Maybe lower the cost of membership or entry fees at Judging shows. Having belonged to several organizations over the last 50 years I fail to see why we have such a large nestegg.
    Terry

    From the peanut gallery.

    My local Chapter is small, around 36 members. Our account is around $4k, or about $100 per member.

    Some years back we investigated putting on a Regional. Costs for an acceptable venue were around $5k per day - $15k. That was for a location only - not to mention other expenses. Bottom-line was no way we could afford putting on a Regional. Expenses now days are even higher.

    $100 per member over NCRS' membership would be north of $1M. $1.5M doesn't seem to much for me given economic vagaries our Board faces.

    These days, I would not expect cost of membership or judging fees to be declining.

    Again, from the peanut gallery

    Dave
    Last edited by David H.; September 20, 2024, 03:09 PM.
    Judging Chairman Mid-Way USA (Kansas) Chapter

    Comment

    • Tom D.
      Extremely Frequent Poster
      • September 30, 1981
      • 2132

      #3
      Re: Question for Board

      Your account is 4,000 or 40,000? If $4000, I get about $100/member.
      https://MichiganNCRS.org
      Michigan Chapter
      Tom Dingman

      Comment

      • David H.
        Extremely Frequent Poster
        • June 30, 2001
        • 1521

        #4
        Re: Question for Board

        Originally posted by Tom Dingman (4889)
        Your account is 4,000 or 40,000? If $4000, I get about $100/member.
        Tom

        Thanks. Corrected.

        Dave
        Judging Chairman Mid-Way USA (Kansas) Chapter

        Comment

        • Dave P.
          Very Frequent User
          • June 30, 1991
          • 192

          #5
          Re: Question for Board

          I have another question for the board, although I have an inclination as to what the answer is:

          Looking at the Financial Statement in the latest Restorer:

          What is the nature of the "Litigation" that the $107,344 charge in 2023 was for? That's roughly 200 Hours of Attorney Fees. Seems like a lot of legal work for an organization that hasn't had any significant legal issues in the 30 years I've been a member. What is the projected charge for "Litigation" for 2024 going to be?

          Comment

          • Don H.
            Extremely Frequent Poster
            • December 1, 1981
            • 1487

            #6
            Re: Question for Board

            I suggest asking any question you may have to your Regional Director (published in the front of the Restorer).

            Comment

            • Terry D.
              Extremely Frequent Poster
              • May 31, 1987
              • 2691

              #7
              Re: Question for Board

              David
              Another good use of that money would be to help chapters put on shows, the more exposure the more likely new members. Just my old 2 cents!

              Comment

              • Terry D.
                Extremely Frequent Poster
                • May 31, 1987
                • 2691

                #8
                Re: Question for Board

                Don, as expected I don't thing we will hear from the powers to be!
                David, you state you don't think 1.56mil is too much, but what are we saving it for?
                I would just like to know why that money is not being used for benefitting the membership.

                Comment

                • Tony S.
                  NCRS Vice President, Director Region VII & 10
                  • April 30, 1981
                  • 987

                  #9
                  Re: Question for Board

                  Terry. Reach out directly to your Regional Board member. That's what he is there for.

                  Respectfully,
                  Tony
                  Region VII Director (serving members in Arkansas, Kansas, Louisiana, Missouri, Oklahoma and Texas).
                  Original member of the Kansas City Chapter, est'd 07/11/1982.
                  Member: 1965 and 1966 National Judging Teams
                  Judging Chairman--Kansas City Chapter.
                  Co-Editor of the 1965 TIM and JG, 6th and 7th editions.

                  Comment

                  • David H.
                    Extremely Frequent Poster
                    • June 30, 2001
                    • 1521

                    #10
                    Re: Question for Board

                    Terry

                    Yearly expenses are about $1.1M. A $400k cushion seems reasonable.

                    Dave
                    Judging Chairman Mid-Way USA (Kansas) Chapter

                    Comment

                    • Tom R.
                      Extremely Frequent Poster
                      • June 30, 1993
                      • 4099

                      #11
                      Re: Question for Board

                      There have been a number of discussions where the forum/website software has been stated as outdated, antiquated and in need of a "refresh." It would not surprise to learn our leadership is anticipating those upgrades and saving for the rainy day.
                      Tom Russo

                      78 SA NCRS 5 Star Bowtie
                      78 Pace Car L82 M21
                      00 MY/TR/Conv

                      Comment

                      • Gary J.
                        Extremely Frequent Poster
                        • April 1, 1980
                        • 1241

                        #12
                        Re: Question for Board

                        Originally posted by Tony Stein (4600)
                        Terry. Reach out directly to your Regional Board member. That's what he is there for.

                        Respectfully,
                        Tony

                        Tony, I have reached out to my regional rep on different occasions and have not gotten a response, so it is kinda a mute point!

                        Comment

                        • Keith M.
                          Very Frequent User
                          • January 17, 2021
                          • 666

                          #13
                          Re: Question for Board

                          Originally posted by Tom Russo (22903)
                          There have been a number of discussions where the forum/website software has been stated as outdated, antiquated and in need of a "refresh." It would not surprise to learn our leadership is anticipating those upgrades and saving for the rainy day.
                          "Not surprised"? Really? Saving? How much would it cost? They won't even investigate the business case. If they are, tell the membership. Those of us who do not do antisocial media are left isolated from our fellow members, except for technical topics which is awesome.
                          Mods should move this thread. It is not a technical discussion, but without a diverse set of forums....peace out.
                          ***************
                          late Oct 1969 L46 350/350, M21 4spd, 3.70 posi convertible --As with life, restoration is a journey, not a destination. Though restored cars provide both journeys AND destinations!

                          Comment

                          • Tom R.
                            Extremely Frequent Poster
                            • June 30, 1993
                            • 4099

                            #14
                            Re: Question for Board

                            Originally posted by Keith Michaud (67636)
                            Those of us who do not do antisocial media are left isolated from our fellow members, except for technical topics which is awesome.
                            Keith
                            I've concluded social media is junk news and a method for those with grievances to vent. But it is used by younger generations extensively and I suppose why are elder leaders drift to it as cure for the rapidly declining membership. I doubt it will attract large numbers...they are there to vent, socialize and connect. I came across this quote by Walter Lippmann, a leading journalist of the twentieth century.

                            While television is supposed to be ‘free,’ it has in fact become the creature, the servant and indeed the prostitute of merchandising.
                            I wrote this after thinking about his editorial column in 1959 and it relates to social media.

                            Lippmann would be abhorred at online subscriptions where the comprehension of news is rudely disrupted by pop-up ads, video blasts and the constant irrelevant, salacious-ad prompts that interfere with news comprehension. Lippmann would find the merchandising of the internet, as equally prostituting as the introduction of mass-commercialized television in the 1950s.
                            Of course...none of which is technical!
                            Tom Russo

                            78 SA NCRS 5 Star Bowtie
                            78 Pace Car L82 M21
                            00 MY/TR/Conv

                            Comment

                            • Terry M.
                              Beyond Control Poster
                              • September 30, 1980
                              • 15595

                              #15
                              Re: Question for Board

                              Terry. Reach out directly to your Regional Board member. That's what he is there for.

                              Respectfully,
                              Tony Stein

                              I know Tony's response wasn't directed at me, but I can't help but wonder what has happened to the transparency that was promised by Tony and the administrative officers in the many Town Halls. I think this thread would be an excellent opportunity to display that promised transparency.
                              Terry

                              Comment

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