Our program today was a final report on our Online Auction – 2018 fundraiser presented by committee chair Jim Phillips. Jim began by thanking the committee members: Gary Parker, Bill Proctor, Russ St. Louis, Neil Swayze, Darren Sweeney, and Ray Taylor.
Jim indicated that in many ways our auction was a break out year for us as illustrated in the following charts.
Volume Data Summary
Num. of Return on Num. of Num. of
Items Market Kitchener Kitchener
Sold Value (%) Bidders Sponsors
2018 140 61 103 6+4*
2017 98 63 105 5
2016 85 61 71 5
2015 42 54 15 3
* There were 4 sponsors of $250 plus four donors of over in kind of items over $1,000 that were also posted as sponsors.
The number of products showed a 43% increase over last year and our return on retail value remained high at 61%.
Financial Summary
Item Sponsor Total Shared Local Consignment Net %
Revenue Revenue Revenue Expenses Expenses Costs Profit Change
2018 16,000 1,500 17,000 (666) (252) (3,608) 12,974 +84
2017 9,995 1,250 11,245 (1,344) (877) (1,982) 7,042 (2)
2016 8,236 1,250 9,486 (1,304) (977) 7,205 +12
2015 6,964 750 7,714 (904) (400) 6,410
As a result of the increased in the number of items and reduced costs for this year our overall net profit was $12,974, an 84% increase over last year (despite a small drop in the number of bidders).
Jim attributed our success this year to several factors:
- Dedicated Committee Members
- Excellent Kitchener Warehouse – Thanks to Al Way!
- Promotion of minimum $500 in value from each club member for items and/or sponsors – Reminder emails
- New approach to sign distribution – Thanks to Hubert & Russ
Jim then the following graph which shows the Value of Items & Sponsors by Number of Member.
Value of Items Number
& Sponsors of
Brought In ($) Members
0 21
1-499 10
500-999 7
1,000-1,499 0
1,500-1,999 1
2,000 + 5
As indicated in the chart 21 out of our 44 members did not contribute any items or arrange for any sponsors. This represent a significant growth potential for the auction if some or most of these members are able to do so in the future, especially if they bring in the minimum target amount of $500. The total number of items in the auction from all five clubs was 11,054 of which our 140 is just 12%. Indicating again that there is room to grow. The Oakville club had a net profit of over $25,000.
For this fundraiser to grow and reach the potential it has there are some challenges for us for next year:
- Need for common club approach to sponsor solicitation for all fundraising activities
- Increase club member participation (23 in 2018)
- Need for co-ordinator / lead of communications and marketing to increase number of items, sponsors and bidders
- More club volunteers for specific tasks such as data entry
President Richard thanked Jim for the report and for all of the work of the committee.
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