NIGA 2020 Tradeshow Revenues as of March 12 th , 2020 For NIGA’s 2020 Projected Budget, the Finance Committee expected Total Tradeshow Gross Revenue of $4.4 million. To date, NIGA has collected approximately $3.1 million for the 2020 Tradeshow and Membership Dues.
NIGA 2020 Tradeshow Revenues $3.1 million Total Tradeshow Gross Revenues and Membership collected as of 3/10/2020
$4.4 million in Total Tradeshowgross revenues expected in 2020
(Booth sales + Registration + Sponsorships+membership)
Exhibitor Booth Collections as of 3/10/2020 $2.5 million (There is currently $340,000 in booth collections outstanding, not paid yet by vendors)
Attendee Registration Collected as of 3/10/2020 $670,000
In 2019, Attendee registration was $1.3 million
Total Uncollected Revenue as of 3/10/2020 Approximately $1,300,000 ($630,000 attendee revenue + $340,000 Vendor Revenue uncollected+$300,000 sponsorships)
NIGA’s main revenue shortfall as of today is the Attendee Registration revenue. NIGA typically sees a “rush” for registration a week out from the Show along with significant registration revenues on-site. With NIGA’s current “cash on hand” there is barely enough operating cash to cover “essential” expenses through December 2020 (ie..payroll, admin expenses, mortgage, health care).
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