Case #3.docx - Case#3 Music Teachers Inc Music Teachers Inc...

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Case #3 - Music Teachers, Inc., Music Teachers, Inc., is an educational association for music teachers that has 20,000 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association’s magazine, Teachers’ Forum , is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing professional education credit. The association’s statement of revenues and expenses for the current year is presented below. Music Teachers, Inc. Statement of Revenues and Expenses For the Year Ended November 30 Revenues $3,275,00 0 Expenses: Salaries 920,000 Personnel costs 230,000 Occupancy costs 280,000 Reimbursement of member costs to local chapters 600,000 Other membership services 500,000 Printing and paper 320,000 Postage and shipping 176,000 Instructors’ fees 80,000

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