Subject: [Staffannounce] FundDrive
Date: Sun, 9 Jun 2013 23:58:03 -0400
From: Berthold Reimers <breimers62@...>
To: 'Staff Announce' <staffannounce@...>
CC:
[email protected], 'summer jeanne reese' <summer@...>
Dear WBAI Staff & Producers,
As you are probably aware, WBAI did not meet its May 2013 FundDrive
goal. In fact, the statistics are as follow: FundDrive goal: $850,000.00
; Actual Pledged: $467,456.81 and we collected $343,142.00. We only made
55% of our goal. Therefore, we are short by $343,000.00. I would
normally not send the detailed expenses I am sending you now. However, I
believe you deserve to experience exactly what I experience every day as
I follow these numbers so we can be on the same page.
The WBAI expenses for May to present equal the cash we brought in during
this drive. Therefore, we have no money to cover the coming payroll of
June 15, 2013 nor do we have money to pay Silverstein's $20,000.00 for
June nor do we have the money necessary to pay the July 1, 2013 payroll.
The National Office has already covered quite a few of our expenses and
they have ran out of cash. My recollection is that we all found it
unacceptable that the paid staff (including myself) did not get paid on
a timely basis. I do understand we are tired of the drives but the
alternative is worst.
We have no choice but to continue this drive until we can raise at least
$100,000.00. This means we would have to have three more days at
$33,000.00 which is attainable but very unlikelyor mored days of
FundDrive. We are therefore pre-empting all programs starting Tuesday
morning 6:00 AM until further notice. I tried everything possible but
this is the only solution that can keep us on the air for the moment.
This is our only choice until we can figure out other means or else we
will have to shut down the station.Please standby for the Drive schedule.
<begin insertion of the expenses graphic - rpm>
The current excpenses are here:
http://groups.yahoo.com/group/wbailsbfinance/files/WBAI_FY13_Budget_docs/
The expenses graphic for this E-mail is labeled "WBAI June 2013, expenses"
<end insertion of the expenses graphic - rpm>
Please do not hesitate to contact me.
Thanks,
Berthold Reimers
General Manager
WBAI Radio 99.5 FM
New York, NY 10005
(347) 903-2986