FY 2007FY 2007Chapter SurveyChapter Survey

Executive SummaryExecutive Summary

OVERVIEW

• 52 out of 68 (76%) active chapters completed at least one section of the survey.

• Chapter Size Categories:– Small - < 76– Medium – 76 - 200– Large – 201 +

• Survey Participation by Chapter Size– Small – 9 of 19 (47%)– Medium – 20 of 25 (80%)– Large – 22 of 24 (92%)

Chapter Survey StatisticsChapter Survey Statistics Membership/Retention Membership/Retention

• 64% have a new member goal. – Down from 68% last year.– New member goals = average of 7 net members.

• 75% have a membership committee.– 38% have 4 or more members on the committee.

Down from 64% last year.• 9% have NO prospect list.

– Up from 5% last year– 40% use the prospect list that National provides

• Prospect lists are developed from: (multiple answers were allowed) – Member Referrals (85%) up from 74% last year.– FEI National Leads (38%)– Local Sponsor Leads (62%) – Prospective Member Mtgs. (17%) down from 25%

last year.

Chapter Survey StatisticsChapter Survey Statistics Membership/Retention Membership/Retention

• 68% of chapters took advantage of the national initiation fee waiver campaign.

• Only 32% offer special incentives to assist with recruiting.

• Examples include:– Prospects get bottle of wine at meeting.– Members get a $25 rebate on chapter dues for recruiting.– Restaurant gift certificates to members.– Cash Prizes to members who recruit the most.– No chapter dues for first year members.

• 57% of chapters do NOT have a new member orientation program versus 47% last year.

• 63% do NOT have a prospective member meeting.• 28% have a “mentor” program to acclimate new

members. Up from 23% last year.• 61% contact new members within 2 weeks of joining.

Up from 53% last year.

Chapter Survey StatisticsChapter Survey StatisticsMeeting RelatedMeeting Related

• Average Total Meeting Attendance:– Total attendees Small (06’) Medium (06’) Large (06’) – 1-30 – 60% 63% 24% 17% 0% 4%– 30 – 60 – 20% 13% 43% 39% 42% 16%– 60 – 100 – 0% 0% 9% 13% 42% 48%– Over 100 - 0% 0% 4% 4% 9% 24%

• Average Total Meeting Attendance Represented By: Members Sponsors

– Small 78% 13%– Medium 66% 20%– Large 65% 15%

• Members are notified of meetings by:– Mail 45%, Phone 23%, Email 85%

• 51% have joint meetings. – Common groups include: IMA, IIA, NIRI, ACG, AFP, State CPA society, Economics club

Chapter Survey StatisticsChapter Survey StatisticsMeeting RelatedMeeting Related

• 28% don’t offer online meeting registration.– Reasons include: administrator does it via phone or email,

bandwidth issues to set up. • Chapters offering CPE credits:

– Regular Meetings – 64% (up from 52% in FY 06’)– PD Sessions - 66% (same as FY 06’)

• 72% are aware of National’s program to manage chapter CPE offering.

• 42% of chapters pay honorariums or expenses of speakers

• Most Successful Meetings:– CEO’s– Big company CFO– Interesting and different venue for the meeting.– FASB– Sports related speaker

Chapter Survey StatisticsChapter Survey StatisticsCareer ServicesCareer Services

• 60% have a career services (CS) chair.• 30% of chapters don’t hold meetings for in-transition

members down from 38% last yr.– 32% have speakers at these meetings.

• Only 45% (39% last yr.) of chapters use career services as a means of recruiting.– Only 28% allow non-members to attend meetings.

• Chapters notify members of job leads by:– FEI Website (chapter exclusive job postings) – 19%– Lead sharing at meetings - 30%– E-mail - 51%

Chapter Survey StatisticsChapter Survey StatisticsPublicationsPublications

• 19% do NOT have a newsletter. (11% in FY 06’)– Of those that do, 28% offer it in both paper and

electronic format.• Content is primarily derived from (multiple answers allowed):

– Members 46%– Strategic partners 39%– National Liaison 34% – FEI Website 36% (up from 27% in 06’)

• 51% produce newsletters monthly.• 68% produce a directory (up from 59%).

– 40% have a directory sponsor.• 32% produce a chapter brochure (up from 23%).

Chapter Survey StatisticsChapter Survey StatisticsBoard and OfficersBoard and Officers

• 62% use a nominating committee to screen candidates for office. (down from 68% in 06’).

• 28% of boards meet monthly (down from 36% in 06’).• How do you deal with non-performing Board or

committee members? – 40% ask chapter board for assistance.– 26% ask member to step down.

• Chapters with a succession plan for the following positions.

– President 75%– Vice President 58% (up from 50% in 06’)– Treasurer 43%– Programs chair 40% – Membership chair 37% – Secretary 43%

Chapter Survey StatisticsChapter Survey StatisticsCommitteesCommittees

• 70% have summer planning meetings.• Frequency of Committee Meetings:

• Monthly 26%• Quarterly 34%

• Tips for Recruiting Committee Members:• Spell out what the responsibilities are clearly.• Ask those that attend chapter meetings regularly.• Involve new members with small tasks immediately.

• Average Number of Members per Committee:• Program 3.6 (median = 3)• Membership 3.9 (median = 3)• Nominating 2.8 (median = 3)• Member Retention 2.3 (median = 1)• Professional Dev. 1.9 (median = 1)• Planning 4.7 (median = 3)

Chapter Survey StatisticsChapter Survey StatisticsTreasuryTreasury

• 7% do not have an annual budget (down from 13% in 06’).

• Average Net Assets at beginning of FY (July 1) = $56,914 (Median = $40,931)– Average Change from previous yr. = $7,058 (median

$3,804)• Member Dues Average Revenue $ 26,753 (36% of total)

– median = $19,740 (41% of total)• Sponsor Program Average Revenue - $35,591 (49% of

total)– Median = 26,250 (55% of total)

• 60% of chapters budget for their leaders to attend national events such as the ALB’s. (up from 52% in 06’)

• 36% of chapters have 1 year of expenses as a goal for treasury reserves (up from 30%).

• 49% of chapters with reserve goals include scholarship awards as part of overall expenses.

Chapter Survey StatisticsChapter Survey StatisticsTreasuryTreasury

• Chapter Dues: Min Max Median

– Executive - $0 $350 $200– Academic – $0 $350 $125– Retired - $0 $350 $100– Career Service - $0 $335 $100– Out of Area - $0 $335 $75

• 81% pay local dues. A 5% increase over last year• 19% of chapter dues do NOT include meal costs. (up

from 13% in 06’)• 19% of chapters stop communications with members if

chapter dues are not paid. (Down from 25% in 06’)• 28% of chapters do not allow credit card as a form of

payment for dues or meetings. Down from 36% in 06’

Chapter Survey StatisticsChapter Survey StatisticsAdministratorsAdministrators

• 66% of chapters have a paid administrator.– 23% use national admin program (up from 16% in 06’)

– 34% use independent administrator (down from 43% in 06’)

– 9% use association management company– 4% use a combination of national and local admin

• Average Pay per Month = $620 (median $440)• Average hours worked per month = 31 (median 20)

Chapter Survey StatisticsChapter Survey StatisticsAdministratorsAdministrators

• Chapter Admin Duties:– Maintain member database

• Make all changes online

– Manage all aspects of meetings• Manage registration and collection of fees• Prepare attendance list• Produce name badges• Send meeting notices• Confirm speaker details

– Prepare and send newsletter, new member welcome letters, prospect mailings.

– Prepare and send directory

– Act as webpage administrator

– Receive and distribute communications to Board.

Chapter Survey StatisticsChapter Survey StatisticsSponsorshipsSponsorships

• Types of Organizations that are Local Sponsors:• Accounting Firms 72%• Banks 55%• Staffing Firms 53%• Law Firms 53% (up from 46% in 06’)• Insurance 49% (down from 61% in 06’)• Consulting 43% (up from 38% in 06’)• Search Firms 34%• PR Firms 11% (down from 14% in 06’)• Outplacement 11%• Other 38% (up from 21% in

06’)• Other Organizations include:

– Investment banks and investment management firms– Retailers– Printers– Hotels– Travel agencies– Real Estate firms

Chapter Survey StatisticsChapter Survey StatisticsSponsorshipsSponsorships

• Average Fees: Small (Max) Medium (Max) Large (Max)

Gold $1,875 ($5,000) $3,566 ($6,000) $8,791 ($30,000)

Silver $1,250 ($3,000) $1,398 ($3,000) $3,850 ($10,000)

Bronze $ 780 ($1,500) $333 ($3,000) $2,138 ($8,000)

• 15% allow for industry exclusivity. • 49% do NOT require sponsors to bring prospects to

meetings. • 21% of chapter boards/committees don’t meet with

sponsors to get feedback on the relationship.