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2008 Seattle Bamboo Festival Financial Results


Moderators: pnwbamboo, JAMES CLEVER, PHILIP COMER, GEORGE GEARHART, WILLIAM HOLLENBACK, NED JAQUITH, ADAM WILLIAMS, Robert Kendrick, Don Asher

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ADAM WILLIAMS

Fri Jun 27 2008, 11:07PM

Registered Member #5140

Joined: Wed Dec 31 1969, 05:00PM
Posts: 39

The Seattle Bamboo Festival took place at the Graham Visitor Center at the Washington Park Arboretum on June 1st, 2008. The final numbers look great. Historically the chapter collected money from the sale and then split the proceeds 60% to the grower and 40% to the Chapter. This past year the Board elected to update the chapter bylaws and not process the festival sales for tax reasons. We reduced the chapter split down to 30% for plants so that the grower could keep a little more to cover processing the plant sales themselves. Auction plants and the resulting proceeds were donated at 100% to the chapter. The grower mails in a donation check to the Chapter Treasurer, and then the Treasurer mails back a letter of receipt so the grower can list it as a charitable donation for tax purposes. The Pacific NW Chapter of the American Bamboo Society, is a non-profit IRC 501 (C)(3) corporation. Consult your tax adviser for advice before donating.

2007 GROSS = $6,644.00 as cash, checks and credit card transactions
2007 EXPENSES = $3,912.60 split paid out to growers and $571.60 for credit card processing fees
2007 NET = $2,159.80

2008 GROSS & NET = $2,416.92 received as 100% donation revenue

Thanks to the following chapter members involved:
Jeff Leonard – Event Coordinator
James Clever – WA Grower
Vladimir Shakov – WA Grower
Stan Andreasen – WA Grower
George Gearhart – WA Grower
Ted Meredith – WA Grower
Gil Hagelberger- WA Grower
Ian Conner – OR Grower
Ned Jaquith – OR Grower

Links to these grower’s web sites can be found at this site under the Link Section.

If I’m remiss in mentioning your name here please excuse me. The bamboo festivals are the largest fund raisers for our organization and we value your continue volunteerism and enthusiasm towards reaching the organization’s short and long term goals!

Adam Williams
Pacific NW Chapter – Treasurer

[ Edited Mon Aug 25 2008, 10:38AM ]

PNW Chapter Treasurer
Portland, Oregon


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