Phyl said:Unlike some clubs, NJRC is a Non-Profit Corporation. There is no "owner" or benefactor of your dues and payments. The club uses your dues to be able to bring in speakers (like the ones presenting at the Frag Swap), educate and our mission is to help conserve our ocean resources while preserving and enjoying our hobby. We have been accumulating resources over the last 3 years to enable us to be financially strong enough to host a MACNA, which is the national educational event sponsored by the Marine Aquarium Society of North America.
NJRC has been around since the late 90's in one form or another. In 2005 I was elected president and helped the club attain its non-profit status. The club is run by volunteers who offer to run the club for the year. These volunteers are then put through an election process to be elected by the membership. None of the officers are paid nor compensated in any way.
The group buys that the club runs are solely for the benefit of the membership. The club makes no profit off of those buys (with the exception of a buffer to ensure we cover our costs).
If you have any additional questions, please feel free to ask!
phil519 said:I think the only "person" that truly makes money off our club is PayPal - that evil Ebay subsidiary.