Currently, the GTHLA & HAA are only in debt to our generous volunteers, including me for the time I've put into the league as a serious part-time job in '04 and then as a full-time job from '05 until now. I've had to borrow money to sustain myself and that debt has been reduced from year to year, but still remains. We will post financial numbers and budgets regularly. We will start doing what we discussed in the membership committee over a year ago. We will begin documenting more thoroughly the people power that is being put into the organization. People who put work into the organization will have the following options...
A) Put volunteer work in without any official acknowledgement.
B) Put volunteer work in and have it acknowledged, recognized and documented on the GTHLA and/or HAA websites.
C) Paid proportional to profit - honorariums.
D) Full payment. We give full payment to jobs that the league is in agreement should be paid in full, like refereeing and usually timekeeping, as examples.
Honorariums: We will create a budget with what everyone mutually feels they should be getting paid and we’ll pay everyone proportionally to the profit we made in that pay period.
Perquisites: We will also collect product and services from sponsors to pay with as an alternative to money. Perquisites will be offered to those receiving honorariums and regular wages as an alternative to money and then to volunteers. Any thing remaining we’ll give away at fundraisers.
Profits will be split 50/50 to…
A) Honorariums
B) Debt. (Debt will be paid with priority to the eldest debt)
After debts are paid and we are able to pay full wages to all the work contributed to the league, any remaining profits will be put towards discounts to membership fees of members who promote the values and mission of our organization through things like volunteering, healthy attitude in games, creative social initiatives and loyalty.
Once all discounts are maximized, we’ll give remaining profits for philanthropy and investing for further benefits for our members (e.g. increased health insurance, RSP).
The Founders royalty will be 4% of gross profits. This payment will be paid proportionally with the honorariums and will never be more than the highest paid wages or honorariums. Any remaining difference will be deferred to debt. Upon my death this royalty will decrease to 2% of gross profits and paid to my surviving immediate family (wife and children) until their deaths. Upon their deaths this royalty will cease.
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