Financial Reports
For The Period Ended April 30, 2025 OPEI’s 2025 fiscal year begins Sept. 1. We are projecting $9,339,794 in revenue (including investments) and expenses totaling $9,073,578 for a net of $266,216. We have completed 67 percent of the year. Statement of Financial Position : • Assets: We are in a high cash position as we continue to collect exhibitor deposits for the 2025 show. Final payments are due June 1. The majority of the expenses are due after the show. OPEI is in the final stage of dues collection as we stay in connection with key contacts for the status of payments. Long-term investments are not as strong as last year; we are showing a net unrealized loss of $171,146. However, in May we saw the portfolio rebound with an unrealized gain of $216,825. • Deferred Income: represents unearned membership dues, and trade show revenue for the 2025 show. Indoor booth sales are ahead of last year. Income and Expenses • The trade show for 2024 exceeded net budgeted revenue by $402,758 and operating costs are expected to be about $79,000 less in the area of office operations. • Dues are expected to be $80,000 less than budget as we saw strong gains in new members last year, but this year drops exceeded the gain of new associate members. • Last year, at year-end, we contributed $1,558, 555 to net assets or retained earnings, which has led to previous Board decisions on how to spend the surplus. TurfMutt provides several opportunities to advocate the message of the benefits of outdoor space, expanding from backyarding to community green space. At the October board meeting, an additional $350,000 was approved for the Foundation to continue support for women in the industry with the program Mission: Unstoppable , a Hearst production. At the March meeting, the Board approved $1.2 million to be a sponsor of the national televised show Lucky Dog for the 2025-2026 season (Hearst production). Due to the production schedule, the contract required $720,000 to be paid in this fiscal year while the balance of $480,000 will be paid in September or FY26. • On a December Board call, $250,000-$400,000 was approved for the CARB SORE waiver challenge. Expenses for that challenge are projected this year to be $430,000. Meanwhile, the budget included $450,000 allocated for CPSC UTV debris penetration response, which is currently delayed until next year with current expenses projected to only be $40,000.
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