2002 Grand National Accounting

I. Tournament Report Summary

A. Main Tournament

404 players @ $65$26,260
Less ACC sanctioning fee(606)
Less trophies(2,200)
Less other player benefits(1,554)
Less tournament expenses(1,730)
Total Prize Money Paid$20,170
Total Player Payback:93.4%

Graduated Q-Pool:
356 players @ $10 = $3,560 (No Deductions)
Paid 1 in 8 = 45 places (high $250, low $40)

Insurance Q-Pool:
348 players @$10 = $3,480 (No Deductions)
Paid 1 in 4 = 87 places x $40 = $3,480

B. Consolation Tournament

268 players @ $25$6,700
Less trophies(635)
Less other player benefits(100)
Less tournament expenses(645)
Total Prize Money Paid$5,320
Total Player Payback:90.4%

Graduated Q-Pool (required):
268 players @ $10 = $2,680
Paid 1 in 6 = 45 places (high $225, low $30)

C. Thursday Evening Early Bird

104 players @ $25$2,600
Less $1 per player for Boys & Girls Club(105)
Less 5% for trophy & other player benefits(130)
Less 5% for tournament expenses(130)
Total Prize Money Paid$2,235
Total Player Payback:95%

[NOTE: Actual cost of trophy & other player benefits totaled $163. Under-withheld: $33]

Insurance Q-Pool:
90 players @ $10 = $900 (No Deductions)
Paid 1 in 4 = 23 places x $40 = $920

D. Friday Evening Doubles

96 teams @ $40$3,840
Less $1 per player for Boys & Girls Club(196)
Less 5% for trophies & other player benefits(192)
Less 5% for tournament expenses(192)
Total Prize Money Paid$3,260
Total Player Payback:95%

[NOTE: Actual cost of trophies & other player benefits totaled $297. Under-withheld: $105]

Insurance Q-Pool:
87 teams @ $20 = $1,740 (No Deductions)
Paid 1 in 4 = 22 places x $80 = $1,760

E. Friday Evening High Rollers

118 players @ $50$5,900
Less $1 per player for Boys & Girls Club(120)
Less 5% for trophies & other player benefits(295)
Less 5% for tournament expenses(295)
Total Prize Money Paid$5,190
Total Player Payback:95%

[NOTE: Actual cost of trophies & other player benefits totaled $288. Over-withheld: $7]

Graduated Q-Pool:
91 players @ $50 = $4,550 (No Deductions)
Paid 1 in 8 = 12 places (high $860, low $80)

F. Sunday Afternoon Time Passer

46 players @ $20$920
Less $1 per player for Boys & Girls Club(50)
No trophy, no deduction for other player benefits--
No deduction for tournament expenses--
Total Prize Money Paid$870
Total Player Payback:100%

[NOTE: Actual player benefits expenses not withheld totaled $6.]

Insurance Q-Pool:
45 players @ $5 = $225 (No Deductions)
Paid 1 in 4 = 12 places x $20 = $240

G. Sunday Evening Sunset Special

30 players @ $30$900
Less $1 per player for Boys & Girls Club(30)
Less cost of trophy(115)
No deduction for other player benefits--
No deduction for tournament expenses--
Total Prize Money Paid$755
Total Player Payback:100%

[NOTE: Actual trophy cost = $128.25, other player benefits = $4.50, totaling $133. Under-withheld: $18]

Graduated Q-Pool:
27 players @ $10 = $270 (No Deductions)
Paid 1 in 8 = 4 places (high $110, low $25)

II. Tournament Income & Expenses (Allocated to All Events)

A. Tournament Expenses

Copying657
Printing502
Shipping178
Postage602
Promotion249
Advertising715
Telephone*461
Office supplies372
Tournament supplies137
Film & developing44
Bank charges (checks)60
Bartender fee250
Signage65
Excess Player Benefit costs (satellite events)155
Contingency (additional phone, postage, etc.)150
Total Tournament Expenses:$4,597

* - Not including the additional cost of just over $300 for forwarding GN calls from Lake Tahoe to Crescent City—a personal expense of the Tournament Director.

B. Tournament Income

1. June Raffle 
313 tickets sold @ $5$1,565
Less cost of printing tickets(157)
Less cost of ad in CW(20)
Less 2 free entries awarded(130)
Net Proceeds:$1,258
2. Reno-Tahoe Transportation 
Subsidy from Resort Assn.$1,000
Plus rider fares500
Less cost of van rentals(1,025)
Less cost of gas(131)
Net Proceeds:$344
3. ACC Contribution 
0801 check from ACC$1,250
Less cost of BOD lunch(250)
Returned to ACC (ck #961)(1,000)
Net Proceeds:$-0-
4. Deducted from Player Entry Fees 
Main Tournament$1,730
Consolation645
Early Bird130
High Rollers295
Doubles192
Net Proceeds:$2,992
Total Tournament Income:$4,594

III. Breakdown of Player Benefits (Sanctioned Events)

A. Trophies

1. Clyde Ross trophies (8)
   Paid to Clyde Ross $920
   for 8 trophy boards = $115 each
   Plus engraved plaque @ $3.50 + tax = $3.75 each
   Plus Lake Tahoe emblem @ $3.50 + tax = $3.75 each
Distribution: Main 4 / Cons 1 / Doubles 2 / HR 1

2. Vandercraft trophies (20)
   Paid to Vandercraft for production $1,565
   Paid to Roberta Dyer for painting 1,000
   Total cost of Vandercraft boards: $2,565
   for 20 trophy boards = $128.25 each
Distribution: Main 13 / Cons 4 / Early Bird 1 / HR 1 / Sunset 1

B. Refreshments

1. Coffee 
Cost of coffee$88
Cost of styro cups13
Cost of creamer19
Cost of sugar/Equal29
Net costs$149
Allocation of coffee expense: 
Main tourn (~400 players) 34%$50
Consolation (~270 players) 23%35
Early Bird (~100 players) 9%13
Doubles (~200 players) 17%26
High Rollers (~120 players) 10%15
Time Passer (~50 players) 4%6
Sunset Special (~30 players) 3%5
Net costs$150
2. Donuts 
Main tournament (Sat.)$210
Consolation (Sun.)180
Net costs$390
3. Fruit 
Bananas: all donated by Albertson’s
Apples: some donated by Bob Morganti some purchased from Safeway
$25
Main Tournament refreshment expense: 
Coffee$50
Donuts210
Fruit15
Net Costs$275
Consolation refreshment expense: 
Coffee$35
Donuts180
Fruit10
Net Costs$225
Total refreshment expense for sanctioned events:$500
Donation from Safeway(500)
Net cost to players$-0-

C. Program Books (allocated 100% to main tournament)

Cost of printing/shipping$705
Less program ad revenue(555)
Net cost to players:$150 (37˘/player)

D. Player “Goodies” (allocated 100% to main tournament)

Lapel Pins$772
Souvenir Pens227
Net cost to players:$999 ($2.47/player)

E. Badges (Allocated 50% each to main & cons)

For Tournament Directors 4 @ $5.70$22.80
For Official Judges 31 @ $5.70$176.70
Net cost to players:$199.50

F. Gifts & Perks (allocated 100% to main tournament)

Mugs for ACC Directors$79
Lunches for guests, staff, volunteers82
Staff rooms not comped93
Wine for Conf Ctr staff & volunteers36
Net cost to players:$290

IV. Breakdown of Funds Raised for Boys & Girls Club

A. Raffle

Gross proceeds$3,045
Less cost of tickets(30)
Net proceeds$3,015

B. Shirt Sales

1. Polo shirts 
Shirts sold to date: 148 @ $28$4,144
Less cost of 161 shirts made(2,667)
Net proceeds$1,477
2. T-shirts 
Shirts sold to date: 55 @ $18$990
Less cost of 100 shirts made(869)
Net proceeds$121
Total Shirt proceeds$1,598

C. Voluntary Player Donations

With entry fees:$834
With shirt purchases:92
Checks written at GN50
In donation cans:73
Net proceeds$1,049

D. $1 Per Player from Satellite Entry Fees:

Early Bird$105
Doubles196
High Rollers120
Sunday Time Passer50
Sunset Special30
Net proceeds$501

E. Trophy Sponsorships (28)

Donated by West Coast grassroots clubs & individuals $1,565*

F. Business and Individual Sponsorships (24)

Donated by North Tahoe businesses & other friends of the Lake Tahoe Cribbage Challenge: $1,557
Less cost of commemorative trophy boards for sponsors:(480)
Net proceeds$1,077

G. Barbecue

Net proceeds of Sat. & Sun. barbecue lunches provided by Boys & Girls Club volunteers $1,184

H. In-Kind Conntributions

Two cases styro cups donated to Boys & Girls Club $25
Total Raised for Boys & Girls Club To Date: $10,014

* - This item was treated as a pass-thru to the Boys & Girls Club, not an offset to player benefit deductions from tournament entry fees. The North Tahoe Public Utility District let us use the Conference Center at no charge (it normally rents for $2,500 a day even at the 50% nonprofit rate) on the condition that the Grand National be a major fundraiser for the Boys & Girls Club facility capital campaign. This circumstance was explained to grassroots club directors and other trophy sponsors at the time the sponsorships were sought.

 
 Tournament Director

 Brion Neeley
 (602) 525-3919
 BNeeleyAZ@gmail.com
 

 
 
 Past GN Champions

 
 2012 - Appleton, WI

 
 2011 - Reno, NV

 
 2010 - Virginia Beach, VA

 
 2009 - Grand Rapids, Michigan

 
 2008 - Portland, Oregon

 
 2007 - Portland, Maine

 
 2006 - Wisconsin Rapids

 
 2005 - Lincoln City

 
 2004 - Atlanta

 
 2003 - Sioux Falls

 
 2002 - Lake Tahoe