As a not-for-profit corporation, PASS is required to post the approved annual budget, quarterly financials, and the FY final audited statements. I encourage all of you to take the time to not only view the line items within the budget, but also to understand what’s new, what’s changed, and how the budget contributes to our progress as an organization.

This year, we have included a high-level financial summary, along with an FAQ to help guide you through the FY 2019 budget. This information is intended to provide an additional layer of clarity and transparency in our financials.

View FY 2019 Budget

The most significant thing to note for FY 2019 is our balanced budget. This is an exciting milestone for PASS after four years of approving a budget deficit.

We have achieved this balanced budget by focusing on areas where PASS can increase revenues through membership engagement and new investment opportunities for sponsors, while maintaining realistic revenue projections. We have made strategic decisions on budget cuts to achieve our bottom line with minimal impact to services, priorities, and overall support for the PASS community.

One of the largest budget cuts this year was to our PASS Summit Food & Beverage (F&B) costs. In the post event survey, attendees ranked F&B as the least important contributor to their overall event experience. By reducing the hot breakfast to coffee and pastries, we will save $430K while still aligning with F&B offerings of other large technical conferences.

Planning for each PASS Summit is a long process that takes years. We do everything we can to keep execution costs down to reinvest as much as possible back into the community and fund the association 365 days-a-year.

Over the past 4 years, we’ve made significant investments that have improved our member experience and membership growth – including updates to website infrastructure and usability for SQLSaturday organizers – but we now need to engage new members through year-round educational content that drives registrations to PASS Summit and attracts new partners and sponsors.

All of us on the Board of Directors have examined the budget line-by-line, and we are confident that we are on the right path to achieving our goals in FY 2019. By maintaining a balanced budget and focusing on our priorities (educational content, accessibility of content, and member engagement), we will expand the value that we offer our members and close our financial gaps through increased revenue from PASS Summit attendance and sponsorship activity.

Members have asked us how they can help us grow and the answer is simple – attend PASS Summit. PASS Summit is the primary source of revenue supporting the majority of what we do as an organization and while we are looking at broadening revenue opportunities, that doesn't happen overnight.

By attending PASS Summit, you are directly funding PASS. Every registration gets us closer to our financial goals and in return for your support, you get access to the best educational content and networking opportunities in the industry; both onsite and throughout the year. PASS Summit really is an event that benefits the entire community.

If you haven’t signed up for PASS Summit yet, register today to take advantage of the amazing speakers and sessions on offer, and contribute to the continued success of PASS.

For any questions regarding the FY 2019 PASS budget, contact me directly at wendy@pass.org or visit https://www.pass.org/Governance/BoardofDirectors/Financials.aspx to view previous years’ budgets.