In the nonprofit world, transparency is defined as the widespread availability of relevant, reliable information about the performance, financial position, and governance of an organization. In other words, it is the amount of information that an organization tells the public about itself and how honestly and quickly it reveals this information.
In an effort to demonstrate transparency, Millennium FC will post all financial information. We want all of our members and Sponsors / Donors to know and understand the needs of our organization, and how their money is being spent.
This is another area that we are very proud of. Our club fees are set at $135 for Fall Season and $135 for Spring Season to cover Administrative fees (i.e. Insurance, Field Lease, Website, Restrooms..). We feel that every team, family and coach will set the additional expenses for tournament or league play. A typical tournament fee averages out to around $55 per player. We would like for any U10 and below team to attend at least 2 tournaments and U10 and above at least 3. Any additional costs would come from the additional tournaments which would be defined by families, coach and club. Club and Tournaments Fees are paid around the start of each session and due dates will be communicated out by Team Managers.
For example, for a typical player the breakdown might be-
Fall Club Fees $135
Fall Tournaments $165 (based on 3 tournaments at $55/each)
Spring Club Fees $135
Spring Tournaments $165 (based on 3 tournaments at $55/each)
Total = $600
Note: Some teams play more than 3 tournaments used in the above example and the tournament fee would be adjusted based on that decision. The only cost that will be fixed is the $135 to cover expenses for running the club for each season (Fall/Spring).
We feel that all our costs should be transparent to all families and we will provide all families that request a copy of the running costs. We are also allowing all coaches, families and club to define how many tournaments they would be available to attend. We realize that coordinating all family activities is very difficult and by having input from families then it would make the chosen tournaments easier to attend. We also know that kids are involved in quite a few other activities and this would provide valuable feedback and limit the unnecessary expense of choosing a tournament that is attended by only a few players. We are also receiving quite a bit of support from our local businesses to help with start up and on going costs. If we have additional funds or find a willing sponsor then we will use these funds to either add another tournament, provide scholarships or uniforms to lessen these expenses. We are not looking for this to be profitable to anyone but to provide kids/families with a development opportunity without all the overhead costs.
Questions? Contact: [email protected]