SITE: The Society of Incentive & Travel ExecutivesSITE Revenue Sharing
Revenue Sharing is an excellent way for chapters to earn extra income for their chapter.
Membership dues provide the greatest source of revenue for the Society. The increase in 2007, which was the first in over a decade, allows SITE to keep a strong presence and continue to add value to the membership. As such, Ten percent of the increase, or $ 5 USD per new and renewing member, will be made directly available to SITE Chapters to continue to build networking and education programs on a local and regional level. Revenue Sharing is an excellent way for chapters to earn extra income for their chapter.
A Quarterly Report Template is available online at www.site-intl.org for chapters wishing to use an electronic format. Chapters need to submit quarterly activity and financial reports in order to qualify.
Due to SITE Headquarters for Time Period
10 January 2008 Fourth Quarter 2007
30 April 2008 First Quarter 2008
30 July 2008 Second Quarter 2008
30 October 2008 Third Quarter 2008
10 January 2009 Fourth Quarter 2008
SITE Headquarters will remit quarterly revenue sharing payments to each chapter as follows:
Each chapter receives $ 45 USD per active SITE member, new or renewed, on the chapter roster at the end of each quarter for all chapters with the minimum 20 members.
A current chapter may operate with fewer than 20 members, but will receive only 50% revenue sharing or $ 25 USD per new and renewed member) from Headquarters until a minimum of 20 members is attained.
Revenue sharing is contingent on the following, with no exceptions:
Chapters must submit a quarterly financial and activity reports to SITE Headquarters no later than 30 days following the end of the quarter. These reports are meant to show the activities of the chapter to be a reflection of SITE's global chapter community.
Chapters must submit an annual business plan and calendar of events to SITE Headquarters no later than 15 February of each year.
Chapters must conduct at least one education program every six months and at least one networking program quarterly.
Chapters must conduct one event at least once annually within one hour's travel time from locations with ten or more members.
Chapters should maintain a minimum of 20 (20) active SITE members in good standing, excluding student members.
Note: Failure to meet the deadline for submitting these reports will result in loss of revenue sharing for the preceding quarter and until such reports are submitted retroactively. Revenue sharing payments, however, will not be made retroactively. If two or more reports are missed each year for two years, the chapter agreement will be terminated automatically by SITE.
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Phone: +1.312.321.5148 | Fax: +1.312.527.6783