1: Revenue Sources
Develop and diversify our revenue sources. Other Information:
Traditionally, IAP2 relied on three sources of income: membership dues, conference revenues and training license fees. Due
to overall economic factors, the cost of travel, prohibitions on government staff travel, and the shift toward online interactions,
conference revenues declined steadily over the last several years. During the same time, training revenue assumed an increasing
share of the financial base for operating IAP2 International, while membership dues remained relatively static. In looking
forward to the financial sustainability of IAP2 USA, conference revenue does not appear to be a reasonable and sustainable
major resource for the foreseeable future. In addition, large conferences require significant up-front investments of time
and money that strain the financial and volunteer resources of the organization and create enormous financial risk from factors
beyond our control. In addition, training revenue for IAP2 courses currently goes to IAP2 International, so IAP2 USA will
have to establish its own sources of training revenues, which will take time. Assuming membership dues alone will be insufficient
to meet our members’ needs over the long term, IAP2 USA needs to develop and diversify its revenue sources.
Objective(s):
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