Las Vegas 2021 Tradeshow NIGA did very well at the Tradeshow in Las Vegas, surpassing any of our projections for Revenue and Attendance during a Covid impacted event. 2020-2021 2019 (San Diego) Total Income $4.2 million $4.3 Expenses $1.6 $1.5 Net income $2.6 million $2.77 million The Net Income generated from the 2021 Las Vegas Tradeshow was invaluable this year in sustaining the Association’s operations. Combined with over $600,000 in PPP money provided through the Cares Act to non-profit organizations, the Association will end FY 2021 with a positive cash balance sheet. We can expect a much improved Audit Report for FY 2021 by pulling off a fantastic Las Vegas Tradeshow that allowed the Association to discharge over $3 million in carried debt from the postponement of the 2020 Tradeshow. The Association staff deserves extreme credit for working during the heart of the pandemic in order to prepare and host the Las Vegas tradeshow.
Summary of Proposed FY 2022 Association Budget
• At the beginning of FY 2022 (January 1 st , 2022), the Association will have approximately $1.6 million in cash on hand. • We have a very soft projection of $4.1 million Tradeshow revenue for Anaheim 2022. • Strong Tribal Membership dues collections from 2021 give us a very strong projection of $1.6 million in Tribal membership dues for FY 2022, in what would be a near record. • The Association’s Seminar program is setting new revenue records each of the past two years, especially during the pandemic. We expect a record $270,000 in Seminar revenue for FY 2022.
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