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Knowing all of the expenses is nice, but how are you to pay for it all? There are numerous sources of income for your club tennis team. From free money to fundraising, the more avenues that your club pursues, the less expensive it will be for each member of your sport club.
The primary way that your club will be funded is from member dues. These are the out-of-pocket expenses that your club tennis team’s members must pay to be a part of the club. Unfortunately, with the costs associated with the sport of tennis, it is unlikely, though not impossible, to entirely subsidize your team’s costs through free money and fundraising. Again, maximizing these sources of income will keep costs down for everyone! Click here for possible financial setups for your club.
The first source of income for your club besides out-of-pocket expenses is your recreational sports department. Most recreational sports departments will budget a small amount of money for your club’s use. Sometimes this money can be used for anything your club needs. Most frequently, however, it may only be used for specific items, such as court time and equipment. Make sure to check with your recreational sports director. Most recreational sports departments will require you to submit a budget proposal to secure funding. This is free money for your sport club, and should be renewable every year! Click here for a sample budget request form.
Another source of free money can be your student government. Many times, student governments have application processes by which you can obtain either money that they have specifically set aside for sport clubs or money that they have set aside for any kind of student organization. Hopefully, you have already been in touch with your student government leadership. Ask what you need to do to become eligible for this money. You will most likely have to already be a recognized sport club, but they will have the specifics for you.
The USTA, NIRSA, and ITA can all be sources of funding for program start-up and expansion. Check the NIRSA and ITA websites often — particularly in the late spring — for grant applications and criteria. Additional grants may be available through the USTA directly. Check with your local USTA contact and see what is currently available and if you qualify. The collegiate population is one that the USTA is looking to grow, thus new grants and other monies frequently become available for your club. Check back often.
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Knowing all of the expenses is nice, but how are you to pay for it all? There are numerous sources of income for your club tennis team. From free money to fundraising, the more avenues that your club pursues, the less expensive it will be for each member of your sport club.
The primary way that your club will be funded is from member dues. These are the out-of-pocket expenses that your club tennis team’s members must pay to be a part of the club. Unfortunately, with the costs associated with the sport of tennis, it is unlikely, though not impossible, to entirely subsidize your team’s costs through free money and fundraising. Again, maximizing these sources of income will keep costs down for everyone! Click here for possible financial setups for your club.
The first source of income for your club besides out-of-pocket expenses is your recreational sports department. Most recreational sports departments will budget a small amount of money for your club’s use. Sometimes this money can be used for anything your club needs. Most frequently, however, it may only be used for specific items, such as court time and equipment. Make sure to check with your recreational sports director. Most recreational sports departments will require you to submit a budget proposal to secure funding. This is free money for your sport club, and should be renewable every year! Click here for a sample budget request form.
Another source of free money can be your student government. Many times, student governments have application processes by which you can obtain either money that they have specifically set aside for sport clubs or money that they have set aside for any kind of student organization. Hopefully, you have already been in touch with your student government leadership. Ask what you need to do to become eligible for this money. You will most likely have to already be a recognized sport club, but they will have the specifics for you.
The USTA, NIRSA, and ITA can all be sources of funding for program start-up and expansion. Check the NIRSA and ITA websites often — particularly in the late spring — for grant applications and criteria. Additional grants may be available through the USTA directly. Check with your local USTA contact and see what is currently available and if you qualify. The collegiate population is one that the USTA is looking to grow, thus new grants and other monies frequently become available for your club. Check back often.
| Click here to continue reading: Chapter 3: Funding, Fundraising |
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