Annual Budget & Stipends

Summers Eatmon, Secretary

Sean Williams, President

Approved by a vote of the Board, 3 February, 2017



Ongoing Budgeting System


Yearly income, to be distributed in January of the following year:

  • 10% to Flamingo Fund (also funded by direct private donations).
  • 20% to build up bank account, Rainy Day Savings.
  • 30% for board member Stipends, as described below
  • 40% for ongoing Yearly Fixed Expenses, to be budgeted for each year based on projected income,  including the following (typical figures):
    • $1700 Website (incl. Wild Apricot service, Paypal Flow, domain name, and security certificate).  About $500 in 2017, but will increase to $1700 or so in 2018 when our advance payment to Wild Apricot expires (Wild Apricot is $1200/year)
    • $300 Annual meeting cost (Faculty Summit meeting)
    • $50 Annual Fund donation 
    • $1500 Membership incentives & visibility projects
    • $300 Snacks and Beverages at Branch Meetings 


This system is intended to work for any year in the future, until the board sees a need to change this system. 




Yearly Fixed Expenses 2017

The NIA took in $5,290 in membership dues in 2016, $5,405 in 2015, and $4,577 in 2014. In order to promote visibility to drive membership up, and thanks to a strong cash balance due to not distributing stipends for 2016, the Board approved 53.8% of 2016’s income for 2017 yearly expenses, rather than 40%.


Website $700

Annual meeting $300

Annual Fund donation $50

Visibility  $1500

Drinks/snacks at meetings $300

TOTAL $2850


Stipends

The NIA Board believes that professional and accountable work is necessary to maintain and increase the NIA’s positive momentum and to serve NOLS in the way that is needed today.  We believe that incentivizing and rewarding hours worked with even token financial support will serve NIA members and NOLS best to deliver this level of professionalism and accountability. The following stipend structure is intended to maximize fairness, transparency, and flexibility for various NIA Boards now and in the future.


Stipends to be calculated by the following method:


Every board member who desires a stipend will keep track of their hours over the year. For example, using www.Tsheets.com is an easy method. At the end of the year, the Treasurer will divide the figure set aside for stipends in the budget by the total number of hours reported to determine that year’s ‘hourly wage,’ and will distribute that wage to each board member who reported their hours.  


All board members are invited to report some or all of their hours, or to choose not to report hours if they prefer to work on an all-volunteer basis.  Any time spent on NIA business is reportable: computer time, running meetings, NIA events, working with the NOLS administration on behalf of the NIA, recruiting, travel time to a specific NIA event, etc.



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The mission of the NIA is to communicate and advocate instructor views and to work within the NOLS community to promote the school's mission and values

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