Dear USASF Members,
The USASF has finally accomplished the goal of having its financials audited and publicly available on the USASF website (usasf.net). The USASF is a non-profit corporation subject to and in compliance with all the rules, financial controls and audits that come with that designation. As most USASF members know, starting the organization and simultaneously creating the all Star World Championship created significant debt. However, the good news is the organization has reached a point where it can now pay its bills and begin to repay the startup loan. I know that we all look forward to the day when the USASF will be debt-free, and based on the results to date there is an expectation that this can be accomplished within a reasonable period of time.
Now that we have this process in place, we expect to have the year end 2009 financial report available shortly after our audit is completed later this spring.
Most comparable governing bodies fund their organizations through an annual championship, and the USASF is no exception. Importantly, comparing the USASF financials to other similar organizations shows that the USASF is a cost effective organization. Gym and coaches’ dues are low, and Tier 1 event producers’ dues are fully included in the paid bids they give to Worlds. There are no excessive dues assessed to event producers, and this is indeed a good thing.
I pledge to you that the USASF staff will be fiscally responsible as we move forward, and I thank all of our hundreds of volunteers, the NACCC, the Rules Committee, the NAB, the Sanctioning Committee, all of our Standing Committees and all of our event producers for their efforts on behalf of our organization and the services we aspire to provide not only our members, but the thousands of coaches and athletes who participate in All Star Cheerleading and Dance.
Jim Chadwick
Chairman
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