Summary of our Annual Report:
A PDF file of our annual report is available here.
This report reflects the total income or expense (totals with a minus (-) before them) of each category between January 1st, 2010 and December 31, 2010.
Some categories may not reflect reality such as the 2010 Nationals category. Even though it indicates an amount of -$13,243.65, most of the entry fees were received in fiscal year 2009, before the first of the year of 2010. The actual amount spent on the 2010 Nationals was $2,243.65 which included a large expense (over $1,700.00) just for live-streaming.
The actual amounts available in the various funds are as follows:
Junior/Ladies Billiards Fund: $2,286.46
Billiard Tour Fund: $1,293.62
Main Fund: $25,131.64
We have already received $9000 in entry fees for the 2011 Nationals from Regional Qualifiers. In reality, the Main Fund has $16,131.64.
In December of 2006 when I took over as Secretary/Treasurer, we had approximately $5,000 in the bank and approximately 150 members. The number of paid members is constantly changing since we enacted the new policy that all dues payments last one full year from the date of payment. So the actual membership numbers are not constant. At this very moment it stands at 440 members that are current, however many people are still in the process of renewing their memberships as we speak. I think it would be safe to estimate that we fluctuate between 400-550 members over the year.
2011 promises to be an extraordinary year for billiards. First, we are having our National Championship in May in Las Vegas at the Tropicana Hotel alongside the American Cue Sports (ACS) National Championships, so thousands of pool players will be in attendance, will be potential viewers and potential converts. There is also a Champion of Champions tournament being held at the Allen Hopkins event in Valley Forge, Pennsylvainia where many pool players will be present. You can thank Paul Frankel (Professor-Q-Ball), Dennis Dieckman, Mazin Shooni, John Lewis (from the ACS), Yura Ra and Allen Hopkins for that.
Next, we will be having a World Cup in Las Vegas in April where all the top players from around the world will be on display. You can thank Mr. Ermanno Scalas from Best Billiards lv in Las Vegas for that.
Next, we are planning on implementing a Room Membership Program which will provide extensive discounts to Room Owners on many things and will result in increased revenue to the USBA and a major increase in the amount of USBA Tournaments being held throughout the year. The increase in the amount of tournaments will result in more USBA memberships, more sanction fees, more USBA activity nationwide and happier players. You can thank me for that. Mazin Shooni will be the main contact person for the Room Members and will be in charge of any product stock and all shipment of orders. You can thank Mazin for being willing to do that job.
There are many other things on the table. Too many to list and describe here.
I want to thank all of you for your continued support of our organization. Without you, we do not exist. We have some very talented and motivated people on our Board of Directors. We don't always see eye to eye, but I can assure you that the organization is in great hands. Many things have been accomplished and many more things are coming.
Here's to a prosperous and exciting 2011!
Jim Shovak
USBA Secretary/Treasurer
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