Annual Membership Dues are established by the Board of Directors based on Article 11, Section 7, of the By-Laws. Dues are payable for each calendar year, January 1-December 31. You will be counted as a member in good standing for calendar year 2019 when you submit this form stating your parish's payment plan for 2019 to the office. If you join after the beginning of the membership years, your dues will be prorated.
The Dues Structure is based upon the market value of all endowment assets. For this purpose, "endowment assets" is the sum of the market value of all securities and other principal funds in restricted, unrestricted, third party held, or vestry designated accounts, plus the estimated value of the net income-producing real estate and for profit businesses. You may also count the value of the property your church sits on. The endowment value for 2019 is based on a three year trailing average of the endowment (as of 12/31/11).
If your institution does not have an endowment, your dues will be set at a mutually agreed upon rate following a conversation between the institution’s leadership and the Network’s Executive Director.