posted on Jul, 30 2012 @ 03:04 PM
Let me put it another way, to hopefully stave off naysayers who think those numbers are too high.
My lodge pays around $800 a month for rent. Add another $100 for phone/internet for our office. Maybe another $100 for miscellaneous expenses.
So we're up to $1000 per month just to keep the lodge running.
At $100 per year per dues-paying member, we'd need 100 dues paying members to break even.
And that's without feeding them dinner. (We probably see on average 30 guys per meeting, and meet 3 or 4 times a month, so we're looking at feeding
maybe 120 people a month. Figure at least $5 a head in food costs, and we're at an extra $600/month in costs, at a minimum…)
To complicate things, many grand lodges allow for "endowed members", where you pay a bigger upfront cost, which gets invested in an endowment, but
then you don't have to pay annual dues anymore. The problem is, that's not so good for the lodges when the economy is on the downside, because the
endowment won't pay off dividends when it's losing money. And a lot of members see endowments as a good thing, thinking, if I can pay off 5 or 10
years at once, I can be paid for life and not have to worry about dues!
Which leads to a lot of lodges being in the red, financially.
edit on 2012.7.30 by JoshNorton because: (no reason given)
on 2012.7.30 by JoshNorton because: (no reason given)