Finance
Sponsors
Sponsors are an incredibly important part of our FRC team. Not only do they supply us with the funds for new supplies, travel, and other activities, but they can also help us with outreach and getting our name out there. We do have huge help from JEDC. JEDC (Juneau Economic Development Council) is FIRST’s one and only partner in Alaska. They are involved with fundraising for and sponsoring FIRST. Because of JEDC we get sponsors from 4 big companies. These are BP, Alaska Airlines, GCI, and ConocoPhillips.
We are able to do much of what we do because of JEDC and its sponsors. However we could always use more sponsors, and that’s where you come in! If you know someone or a company that might be interested in sponsoring us, tell the treasurer! We have a sponsorship letter model that we will send out to every company.
Budget
Every year we make a budget for everything we need. This includes the cost of the robot, travel, registration, etc. This budget needs to reflect realistic costs and also predicted income. Collaboration is super important for the budget!
Have a look at some of our previous budgets:
REVENUE & OTHER INCOMING FUNDS | ||
Category | Anticipated Funding | Actual Funding |
Sponsors | $27,800.00 | $26,415.34 |
Individual Donors | $4,400.00 | $5,376.53 |
Student Payments | $20,000.00 | $8,492.40 |
Totals | $52,200.00 | $40,284.27 |
EXPENSES | ||
Category | Anticipated Expenses | Actual Expenses |
Team Admin & Misc. Costs | $17,710.00 | $15,374.00 |
Robot Materials | $5,799.89 | $5,307.34 |
Lab Expenses | $520.00 | $200.00 |
Team Image & Branding | $2,030.00 | $1,729.96 |
Travel | $49,170.00 | $23,035.00 |
Totals | $75,229.89 | $45,646.30 |
As you can see, a lot of the income we get is from sponsors. It’s super important that we get sponsors, so we can pay for all the expenses.
If you have any questions about the financial aspects of the team, ask the treasurer!