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Project Info

 

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Project Audit and Summary

 

 

Event Summary

Status as of 11/29/2007

 Team Halo is a non-profit group organized as part of a BA 462 Project Management team project.  The main objective of our group was to raise proceeds for the National Military Families Association (NMFA), which is the only organization that represents officer and enlisted families of all uniformed services (Army, Navy, Air Force, Marine Corps, Coast Guard) at the national level. It prepares spouses and children to better deal with hardships unique to military life and helps protect benefits vital to these families, including those of the deployed, wounded, and fallen.

NMFA helps those seeking resources for: themselves and combat-weary service members returning home from war with fragile mental heath, for optimistic-but-anxious children separated from parents during deployments, for spouses forging ahead with educations to build better lives for their families or to prepare for the unthinkable, for surviving spouses seeking information about benefits available to them as they cope with their losses, and for the proud parents of single service members -- many of whom leave young siblings behind at home.

The event we employed as a fund raising tool for the NMFA was a two-day Halo 3 video game tournament, Halo 4 Heroes, held on November 16th & 17th in Bexell Hall on the Oregon State University Campus. 

We had both a best case and worst case scenario.  Our best case scenario was a goal of raising $2000 for the NMFA.  To reach this best case scenario we would require the paid attendance of 192 contestants and have all equipment and our grand prize, an XBox 360 gaming system, donated.  Our worst case scenario was to raise $500, under this situation we would have to pay for the rental of all equipment and for all prizes.

Our final contestant count was marked at 100 contestants, for a total of $1000 in ticket sales.  In addition, we received some cash donations from private sponsors, donated color fliers and equipment rental, twelve cases of Mountain Dew from Pepsi, and several smaller incentives from local businesses.  The total valuation of all ticket sales and donated items was $3,113.43.  We were unable to locate a business willing to sponsor any large prizes therefore we had to purchase these out of our cash proceeds.  After the purchase of all prizes and repayment of $100.00 to Dr. Larson for our seed money, our final net proceeds were $720.00.

The management of this project, overall, was very good, but there was room for improvement.  Our marketing campaign, in particular, was quite effective. We utilized several different strategies to reach our target market, including a dedicated web site and Pay Pal sign up, a donation drive web page extended on this site, physical kiosk sign ups, the development and distribution of 2,500 color fliers, a MySpace page, a Facebook page, and an announcement on the College of Business website.  We actually had contestants from as far away as Portland and Eugene.

It has been suggested, and agreed upon, that the grand prize could have very likely been a deterrent to many contestants who, otherwise, might have signed up just for the fun of the event.  In addition, we could have potentially generated more funds by working with a local pizza shop to provide food for our captive audience.

Valuation & Cash Flow Statement

 

Value

Credit

Debit

Seed Money / Larson

 $                 -  

 $        100.00

 

Donation -- Copytronix -- 2500 color fliers @ $.35 ea.

 $          875.00

 

 

Donation -- Paradox Productionz -- Console Rental Costs

 $          190.00

 

 

Donation -- Discount from LBCC on X-Box 360 Purchase

 $          100.00

 

 

Donation -- Pepsi -- 288 cans soda @ $.50 ea.

 $          144.00

 

 

Donation -- Costco -- Cash Card

 $            25.00

 

 

Donation – Private

 $          200.00

 $        200.00

 

Donation – Private

 $            25.00

 $          25.00

 

Donation – Private

 $            10.00

 $          10.00

 

Donation – Private

 $            10.00

 $          10.00

 

PayPal Ticket & Donations

 $          649.59

 $        649.59

 

Bank Deposits (Kiosk Sales)

 $          367.00

 $        322.00

 

Business Cards

 $            42.00

 

 $          (42.00)

Preliminary Flier Printups (500)

 $            24.50

 

 $          (24.50)

Prizes

 $          429.98

 

 $        (429.98)

Pay Pal Total Charge

 $              9.41

 

 $            (9.41)

Game Rental

 $            12.00

 

 $          (12.00)

Payback to Larson

 

 

 $        (100.00)

 

 $       3,113.48

 $     1,316.59

 $        (617.89)

 

 

 

 

 

 Total Valuation

 Net Proceeds

 

 $       3,113.48

 

 $         698.70