I spent 35 years working in state government, much of it dealing with federal funding and audit-proofing various federal fund recipients. I had rubber-stamp approval authority of close to a billion dollars a year cross my desk. So when I look at large organizations like SCI, I tend to just naturally glance at their funding and expenditures. I'm not being suspicious or accusative or anything, it's just my professional nature.
I'm just curious how their funding breaks down. They get about $3.1 million a year from membership dues. Yet they reported spending almost $300 million from 1979 to 2008. That's an average of $10 million per year, not including all their other expenses, which must be very substantial. They claim to have expenditures of over $5 million per year, ongoing.
I know they get some endowments, but those are usually project-specific. Would anybody care to make some clarifying comments on SCIs funding sources?
- Ruark
I'm just curious how their funding breaks down. They get about $3.1 million a year from membership dues. Yet they reported spending almost $300 million from 1979 to 2008. That's an average of $10 million per year, not including all their other expenses, which must be very substantial. They claim to have expenditures of over $5 million per year, ongoing.
I know they get some endowments, but those are usually project-specific. Would anybody care to make some clarifying comments on SCIs funding sources?
- Ruark
