By Ben Strickling, Budget and Finance Chair and Abra Loran, Director of Finance and Administration

The Boone and Crockett Club and Foundation closed Fiscal Year 2025 in a very strong financial position, with revenues meeting budget expectations and expenses coming in significantly under plan. This performance resulted in a $312,000 operating surplus, well ahead of the $64,000 surplus originally projected for this point in the fiscal year. With the operating surplus, the Club was able to increase the capital expenditure fund by $48,000 and start a digital infrastructure fund of $391,760 to fund future expenses for the Drupal Project. 

Revenues Hold Steady

Year-to-date revenues totaled $4.02 million, essentially on target with budget. Contributions (+$63,000 over budget) and membership dues (+$52,000) were particularly strong due to adding 7 new regular members and one new junior member. Ranch income (+$15,000) exceeded expectations due to the strong cattle market.

However, several revenue categories underperformed. Merchandise and book sales (-$55,000), advertising revenue (-$66,000), and subscriptions (-$43,000) lagged behind plan, mostly due to a shortage of staff time with the Awards Program being the focus this fiscal year. This will be a focus to improve results in the upcoming fiscal year. Educational revenue also trailed budget by (-$16,000) due to a few groups canceling.

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Expenses Under Budget

Total expenses through June stood at $3.45 million, nearly $447,000 under budget. Mission programs came in $115,000 under plan, driven by lower-than-expected spending in conservation research and records management. Support functions were $332,000 under budget, primarily due to delayed launch of the Drupal Project. These saving are being put in a digital infrastructure performance and maintenance fund to be spent in future fiscal years. 

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Outlook

The Club remains financially healthy, with balanced revenue streams, controlled expenses, and strong support from members and donors. The operating surplus was able to provide flexibility to address capital needs.