I'm trying to understand the Relay expense ratio. Am I correct with the understanding that the average Relay expense ratio is 6.2%? If so, is it 6.2% of the Relay Goal Gross, Net, or is it 6.2% of what was raised last year, gross or net?
Thanks to anyone who can help clarify this for me!!
It's calculated on current year fundraising and current year direct expenses. The latter is defined in South Atlantic Division to "...include specific 'day of event' expenses/costs incurred for the 'production/show' of the event and directly benefiting the donor/participants."
Examples:
Stage and sound system
Entertainment and related equipment
Porta-potties and other utilities
Security
Tents, decorations and facility
Event-specific plaques (top team, best campsite) and signage
Incentive prizes
/Rick
April 26, 2008 - 2:45am login or register to post comments
danjthorpe
Posts: 3
Joined: 2007-06-28
Expenses
I HAVE REVISED THIS POST AFTER CATCHING AN ERROR. SEE CAPS BELOW, SORRY FOR PREVIOUS TYPO
Hi Felicia,
I think I've got part of your answer. While I'm not sure what the National Average is for expense ratios, I can tell you how the expense ratio is computed. It is the ratio of event direct expenses compared to the GROSS amount of money raised during that year.
Easy to remember formula:
Direct expense total divided by gross fundriaisng total, multiplied by 100 (to give you a %).
Hope this helps--Happy Relaying!
April 26, 2008 - 5:34am login or register to post comments
Joined: 2008-03-20