Your membership dues at work.Dear Members: One of the Board of Directors' most important responsibilities is to oversee the financial assets Financial assets Claims on real assets. of the association. The Board's financial oversight
Oversight may refer to:
People with the given name Kathleen:
NCTM Nationally Certified Teacher of Music NCTM North Carolina Transportation Museum NCTM National Capital Trolley Museum NCTM Nationally Certified in Therapeutic Massage , who serves as chair; the MTNA MTNA Music Teachers National Association MTNA Middle Tennessee Nursery Association (McMinnville, Tennessee) president; the immediate past president, Phyllis Phyllis is a character in Greek mythology. Daughter of Lycurgus, King of Thrace, she married Demophoon, son of Theseus, while he stopped in Thrace on his journey home from the Trojan war. Pieffer, NCTM; the president-elect pres·i·dent-e·lect n. pl. pres·i·dents-e·lect A person who has been elected president but has not yet been inducted into office. , Gail Berenson Ber·en·son , Bernard also Bernhard 1865-1959. Lithuanian-born American art critic and historian particularly noted for his writings on the Italian Renaissance, including Venetian Painters of the Renaissance (1894). , NCTM; one director elected from the board, Cheryl Cheryl is a female given name and can refer to: In crime:
n. 1. An open fire in a fireplace. 2. A fireplace. [Perhaps Scottish Gaelic aingeal, fire, light. . The deputy executive director, Marge Bengel, also works with the finance committee. All of us are dedicated to ensuring that our programs are adequately funded and that our revenues and expenditures are carefully monitored on your behalf. On the following page are financial charts and summaries of our income and expenses for fiscal year 2006, which ended June 30, 2006. As you can see, MTNA receives approximately 52 percent of its income from member dues. The other 48 percent comes from a variety of sources including the national conference, competitions, publications, royalties/sales, investment income and the FOUNDATION FUND. From this income, MTNA funds the programs and services provided to the membership, such as American Music Teacher magazine, the annual conference, national competitions, teacher enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. grants, personal and professional insurance, and a whole lot more. We are proud of the fact that 75 percent of our income supports programs and services, while only 24 percent funds our administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . MTNA also provides programs and services, and support for our state and local affiliates, including such areas as the general liability insurance for events, dues collection, ASCAP ASCAP abbr. American Society of Composers, Authors, and Publishers licensing fees for all our affiliated associations, composer commissioning matching awards for state associations, and IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. fees associated with 501(c)(3) group exemption capability for all our affiliated associations. Programs also include the very successful annual leadership summit for state presidents and national officers. Members also benefit from the national competitions program, our National Conference with Pedagogy Saturday, expanded group teaching and technology formats and our enhanced website. MTNA is committed to providing services and resources to our members that will advance the value of music study and music making. The MTNA board of directors and the dedicated staff, under Executive Director Gary Ingle, are making every effort to provide you with the most benefit for your investment in MTNA. Sincerely, Paul Stewart Paul Stewart is the name of many notable people:
MTNA President Paul Stewart, NCTM
FISCAL YEAR END 6/30/06
INCOME:
DUES 1,175,735
AWARD SPONSORSHIP 20,550
CERTIFICATION 20.448
CONFERENCE 455,895
DIVISION COMPETITION 9,280
FOUNDATION (1) 136,544
INVESTMENT INCOME 5,790
NATIONAL COMPETITION 92,340
PUBLICATIONS 283,125
ROYALTIES/SALES 94,245
2,293,952
(1) Includes $41.660 for Hurricane Katrina Recovery Fund
EXPENSE:
ADMINISTRATION 533,907
COST OF SALES 10,172
FIXED ASSETS/EQUIP 16,156
PROGRAMS & SERVICES ** 1,697,437
2,257,672
SURPLUS 36,280
(excludes depreciation and investment income reinvested)
** DETAIL-PROGRAMS & SERVICES:
Ascap Licensing Fees 9,542
Certification 40,059
Composer Commissioning 27,882
Conference 347,163
Foundation Development 34,849
Gen'l Liability Ins-State/Local 15,066
General Programs * 16,580
Grants & Awards-other (2) 142,301
Information Services 63,525
Leadership Development 51,414
Marketing/Public Relations 68,623
Member Develop & Retention 79,496
Membership Maintenance 142,208
MTNA Competition:
Division Competition 98,734
National Competition Expense 69,606
Awards 69,743
Partnership Development 34,795
Publications 385,851
1,697,437
(2) Includes $51,660 paid to those affected by Hurricane Katrina
MTNA Income
6/30/06
DUES 52%
AWARD SPONSORSHIP 1%
CERTIFICATION 1%
CONFERENCE 20%
DIVISION COMPETITION 0%
FOUNDATION (1) 6%
INVESTMENT INCOME 0%
NATIONAL INCOME 0%
NATIONAL COMPETITION 4%
PUBLICATIONS 12%
ROYALTIES/SALES 4%
MTNA Expense
6/30/06
ADMINISTRATION 24%
COST OF SALES 0%
FIXED ASSETS/EQUIP 1%
PROGRAMS & SERVICES 75%
Note: Table made from pie chart.
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