4. Fiscal Year 2011 Budget Assumptions
• Income: $ 1,144,465
– CEPs: $384,975
• Current CEP cities pay 100% of FY 2011 remaining fees (not paid in
2010) and 75% of FY 2012 fees within this fiscal year: $204,975
• Three new CEP cities: $180,000
– Sponsored Chairs: $290,000
• 8 Chairs sign on to pay for Jerusalem and Tel Aviv CEP: $40,000
• 12 Chairs sign on to pay for Global CEP : $180,000
• 2 Chairs sign on to pay for New York CEP: $70,000
– Grants: $445,000
• All Grants confirmed or rated as “most likely” and “likely”: $445,000
• Not receiving those rated as “possible”: $100,000
• Expenses: $1,091,746
• Ending Year Cash Reserve: $262,626
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6. Explanation of Income Variances
• Grants: Due to a desire to move away from relying on grants and move
towards the more sustainable models of earned income, the Grants income
has decreased by 15%
• Pioneering (Sponsored Chairs and CEPs): With the 4 new CEP sales this
year there is a significant increase in the already guaranteed income for the
programs. With the expected sales of a minimum of three new CEPs during
the 2011 Fiscal Year (for the 2012 Fiscal Year), plus a new model of
payments which require first installments upon signing of contracts, the
budgeted CEP income has increased by 288%.
• Community (Publishing and PT School): PTG is hoping to start a new
initiative with online ads that will bring in a significant amount of income for
the organization. This new initiative accounts for an increase in income of
69%.
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7. Explanation of Expense Variances
• Community: PTG has added the PT Investments program to its budget, which include
increased costs as the program develops and expands. The Community department has
increased expenses by 117%
• Creativity (Hub ): PTG has decided to begin the process of opening a hub in the NY office.
It is not expected to be fully functional until the following fiscal year, however this fiscal
year will be the beginning stages of building it out. The Hub expenses have increased by
19%
• Pioneering (CEPs): PTG has added 4 new CEP programs this year- Tel Aviv, New York,
Philadelphia, and Cleveland, plus we have set the goal to sell a minimum of three new
CEPs for the upcoming year. The expenses for Pioneering increased by 88%.
• Development and Backbone: The budget has been restructured in a way that though
previously the Development Expenses (Backbone) included all operational expense, this
Fiscal Year we have budgeted for each program department to share in the costs of the
operations.. PTG hopes to sell a number of new initiatives, new CEPs, and find new
potential investors and donors. In order to do this we hope to build out some new
techniques including videos and attend new conferences. The Development budgeted
expenses, because of the two above mentioned reasons, has increased by 125%
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