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INDIAN ARTS AND CRAFTS ASSOCIATION 2017 ANNUAL MEMBERSHIP REPORT

Financial Summary

IACA

Today, IACA has sufficient cash on hand to pay its annual operating expenses and Spring Wholesale Show

expenses. This is largely due to sound financial management and the lack of a paid staff. Unfortunately,

because membership is decreasing, and show attendance is declining, the ability to support a paid staff

would only be feasible for a year or less. This is why your Board has been both fulfilling regular Board

duties and taking the place of paid staff for the last five years – all on a volunteer basis.