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Feb 15 2008

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Riyaad

Our costing, and working as a not-for-profit

Posted at 7:48 pm under Uncategorized

Our parents ofter inquire how we come up with our prices every year. There are many factors which work into the number, and the overall process is extremely time consuming. To give you an idea of some of our expenses:

  • Facility rentals
  • Software / hardware purchases
  • Staff salaries
  • Promotional supplies (USB Keys, Fliers, etc)
  • Advertising (Newspapers, Online)

Before every season we must also predict an enrollment figure for both March Break and the Summer. 

However, as a not-for-profit, our goal is not to make a buck, but rather to create a program that operates with extremely high standards and is also reasonable on the wallet. We continually try to lower our price point, and from 2007 to 2008 we did just that ($239 in 2007 to $209 in 2008). However, when it comes to a price cut that would limit our capacity to put on a great program, we just won’t make it.

We also apply for several government grants a year, which affects the costing as well.

If you’d like to chat more about the pricing process or the program, feel free to send me an email at rali @ tcet.com.

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