PinFest IFPA Tournament 2020 - A Stern Pro Circuit Event

[coreyhulse]

@unsmith

Are you using “proceeds” in a gross or net sense? In other words, is this after expenses, and would those expenses be known?

When will the charity(ies) be published? I imagine a few people might decide to go or not go depending on where their charitable contributions are going. (I personally don’t care, but some might)

@flynnibus

What’s the point of making it a charity event… without naming the charities or what splits are going to the charities. Is it really just “whatever is left at the end, we promise to give away…”

That really doesn’t help any of the noise/issues people had with the payout structure in years past… and the general topic of ‘for profit’ or ‘transparency’, etc.

We have two charities that we are in active discussions with regarding the level they’ll be involved at the actual event itself. We have two more in mind that we’re in the process of approaching.

Our goal is that all the charities involved will be named by early March so that people can decide, as Dave said, whether they want to go and support those particular charities.

Regarding the gross/net question, it will be net amount after expenses. Regarding the transparency question, last year post-event we published the breakouts of income and expenses.

PinFest Tournament 2019 - A Stern Pro Circuit Event

Hi Everyone, I know that there has been a lot of chatter about relative costs of the event, so we are disclosing those here so as to be transparent. Non-Monetary Prizes - $2,111 Event Supplies and Materials - $1,798 IFPA ($1 per person per event) + Circuit Fees ($5 per person in Main) - $1,407 Machine Costs for Borrowed Machines - $600 Venue Costs - $800 Total - $6,715.52 Splitting those out to the two events: Gauntlet Costs - $821 Gauntlet Income - $1,620 Gauntlet Cash Prize Pool - $…

This year we absolutely expect to do the same, and name the specific amounts that went to each supporting charity. The goal is to cut down on expenses (where possible, of course) so that we can maximize the contribution to the supported charities.