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Twenty-Ninth Annual Convention
University of Western Ontario, Canada
ANNUAL REPORT
SECRETARY-TREASURER'S REPORT
May 25-28, 2001
STATEMENT REGARDING THE FINANCIAL SITUATION
The financial situation of NASSH continues to be solid, but because
of the increase cost per issue of the Journal of Sport History, we will
likely run a deficit for the year 2001. The cost of the JSH for the
fiscal year 1999 was $7,102 per issue (4 issues at $28,408). The cost
of producing the JSH for 2000 is more difficult to determine because
we have moved to a ssystem of partial payments which carry over from
one year to the next. However, the cost of producing Volume 26, #3 (mailed
Summer 2000) was $11,428.32. No other issue was fully paid for in 2000.
The total cost for fiscial year 2000, including partial payments for
future issues was $36,250. We don't know for sure what the average cost
per issue is, but it will likely be over $10,000. The increase in cost
over 1999 will mean that we need about $15 additional membership dues
if other costs remain stable and we do not want to run a deficit. (830
members times $15 is $12,450 additional revenue). Because we have gradually
lost both individual and institutional membership over the past few
years, our income from membership has been slightly reduced, but our
costs have not been reduced. It is because of the slightly lower membership
base and increased journal costs that I recommend that Council and membership
consider raising the average individual and institutional membership
fees by $15 for 2002. We have not passed a membership dues increase
since 1994.
Our investment holdings showed only a little gain for 2000 because
of the depressed nature of the stock and bond market in the U.S. this
past year. The total value of investments increased about $5,000 to
$142,644. The various mutual funds held at Fidelity Investments in Boston
showed the following. Equity Income II grew 7.46% with a 5-year average
of 15.8%. The Puritan Fund increased 7.77% with a 5-year average of
12.74%. The Value Fund increased 8.01% with a 5-year average of 10.7%.
The Spartan High Income Bond Fund fell 14.2% with a 5-year average increase
of 5.02%. The Fidelity Cash Reserve fund returned 4.97%.
MEMBERSHIP REPORT FOR 2000 WITH COMPARISON TO PAST YEARS
| Membership Type |
1988 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
| Regular |
301 |
296 |
312 |
305 |
262 |
245 |
307 |
251 |
278 |
255 |
255 |
240 |
| Sustaining |
7 |
15 |
13 |
13 |
21 |
11 |
9 |
12 |
14 |
18 |
7 |
10 |
| Student |
42 |
42 |
61 |
68 |
61 |
48 |
43 |
49 |
44 |
29 |
38 |
36 |
| Senior |
20 |
26 |
25 |
31 |
29 |
30 |
44 |
37 |
44 |
40 |
48 |
46 |
| Life |
23 |
27 |
27 |
28 |
29 |
31 |
35 |
36 |
38 |
38 |
40 |
42 |
| TOTAL |
393 |
416 |
438 |
445 |
374 |
365 |
438 |
385 |
418 |
380 |
382 |
374 |
| Institutional |
482 |
486 |
511 |
505 |
496 |
532 |
486 |
477 |
475 |
464 |
468 |
458 |
| GRAND TOTAL |
875 |
902 |
949 |
950 |
870 |
897 |
924 |
862 |
893 |
844 |
850 |
832 |
STATEMENT FOR CASH RECEIPTS, DISBURSEMENTS,
AND FUND BALANCES FOR YEAR ENDING
DECEMBER 31, 2000
| FUND BALANCE
(checking account), January 1, 1997 |
$24,538.88 |
|
| Receipts |
| Membership Dues |
|
$37,286.66 |
|
| Sale of Journals |
|
2,322.00 |
|
| Sale of Proceedings |
|
15.00 |
|
| Sale of Directory of Scholars |
|
30.00 |
|
| Sale of Addressograph List |
|
400.00 |
|
| Copyright Payments |
|
220.32 |
|
| Journal Advertising |
|
265.00 |
|
| Amateur Athletic Foundation of Los Angeles |
|
3,000.00 |
|
| Park Graduate Student Fund Gifts |
|
360.00 |
|
| Conventions (Windsor and Banff) |
|
3,100.00 |
|
|
|
$46,998.98 |
|
|
|
|
46,998.98 |
| Disbursements |
| Journal (approximately 4 issues) |
|
$36,250.38 |
|
| Proceedings |
|
5,045.39 |
|
| Newsletters |
|
2,139.65 |
|
| Supplies (letterheads, stamps, etc.) |
|
1,365.08 |
|
| Secretarial Assistance Wage |
|
1,445.00 |
|
| Election |
|
756.00 |
|
| Directory of Scholars |
|
28.50 |
|
| Graduate Student Essay |
|
320.60 |
|
| Park Fund (Student Expenses) |
|
2,550.00 |
|
| Howell Travel Fund |
|
3,294.28 |
|
| Book Award |
|
517.00 |
|
| WEB Site Construction |
|
869.00 |
|
| Convention Expenses (2000) |
|
848.00 |
|
| Convention Expenses (2001) |
|
600.00 |
|
| Publication Storage (2000 & 2001) |
|
1,200.00 |
|
| Refunds |
|
110.00 |
|
|
|
$58,338.88 |
|
|
|
|
58,338.88 |
| FUND BALANCE (checking
account) December 31, 2000 |
13,198.98 |
| TOTAL SAVINGS,
January 1, 2000 |
137,834.08 |
| FIDELITY CASH RESERVE,
December 31, 2000 |
2,909.22 |
| FIDELITY SPARTAN HIGH
INCOME, December 31, 2000 |
22,581.64 |
| FIDELITY
VALUE FUND, December 31, 2000 |
31,899.18 |
| FIDELITY P (Park) FUND, December 31,
2000 |
25,755.05 |
| FIDELITY EI-II (HOWELL) FUND, December
31, 2000 |
59,488.44 |
| TOTAL SAVINGS |
$142,644.53 |
Respectfully submitted,
Ronald A. Smith NASSH, Sec.-Treas. |
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