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Topline-                                                                                   The Newsletter for the NorthWest MRA
                                                                                                                     Winter 2011




   IN THIS ISSUE OF TOPLINE
                 Message from the President Je Spitzer _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

                 Editor’s Note _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

                 Feature Article : Par isn’t just for golf Paul Kirch _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

                 Upcoming Events Calendar Rommell Montenegro _ _ _ _ _ _ _ _ _ _ _ _ _

                 MRA meets the Research Club Amanda Durkee _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

                 Holiday in Seattle Photos from Northwest Seattle Holiday Party

                 Financial News and Notes



The NorthWest Marketing Research Association
Topline-                                                                              The Newsletter for the NorthWest MRA
                                                                                                                Winter 2011




    Message from the President
    Finding Blue in a Sky of Gray


      “As Henry Ford said, Whether you
      think you can or can’t, you’re right.”
              Jeff Spitzer, Northwest MRA
   What a crazy time in the world today. We have a record deficit, demonstrations across the US, politicians
   bickering and pointing fingers, continuing unrest in the Middle East and now Europe’s economy threatening
   what little bit of stability we have left here at home. Could 2012 really be the end of our world as the Mayans
   predicted? Oh, if only we were that lucky! (Just kidding…)

   With so much uncertainty in the world economy right now, some people may be concerned about their
   financial outlook for 2012. I, however, chose not to be among them and I don’t think you should either. Think,
   feel and act positively, and we will all get through this mess just fine.
   Don’t let yourself get distracted by the negative news; just stick to your plan, your dreams and your hopes.
   Set your goals and work toward them. Keep taking steps forward and focus on the brighter future and the
   unlimited possibilities. Today may seem difficult, but if you shut out the negative and stay positive, you will be
   surprised at how great a year you will have.

   For myself, whether the economy lags or not, I fully expect to grow my business in 2012, and beyond. In fact,
   2012 will be my best year EVER – both
   professionally and personally. Why?
   Because I choose it to be!

   As Henry Ford said, “Whether you think
   you can or can’t, you’re right.”

   I can, and I will. Who’s with me?

   Wishing you all the best in the New Year…

   P.S. In case you weren't already aware,
                                                                                       Je Spitzer
   the NorthWest Chapter now has a
                                                                                       Universal Survey
   presence on Facebook, Twitter and
                                                                                       President, NorthWest MRA
   LinkedIn. Take a moment and connect
   with us!


The NorthWest Marketing Research Association
Topline-                                                                              The Newsletter for the NorthWest MRA
                                                                                                                Winter 2011




    Editors Note
    Brian Parker




   While my family and I are buckling in for our first full winter in our new Chicago digs, I’m jealous of all my
   friends in the Northwest MRA(especially in San Francisco) that aren’t having to deal with the wintery mix
   weather! Also, I couldn’t help putting in an article with some reference to golf since my sticks have been put
   away for quite some time now.
   In our winter Topline, we have a great piece from our President. As we all are reflecting on 2011 and goal
   setting for 2012, I can’t think of a more appropriate message.

   Now that we have the right attitude going into the new year, Paul Kirch gives us an action plan with his article
   on finding the Problem, taking Action, and producing the Result.
   Thanks to Rommell Montenegro for putting together a list of great upcoming Research events and Amanda
   Durkee for sharing a few words on the recent joint event between the Portland




                                       Brian Parker
                                       watchLAB
                                       Editor, NorthWest MRA




The NorthWest Marketing Research Association
Topline-                                                                                 The Newsletter for the NorthWest MRA
                                                                                                                   Winter 2011




    Featured Article
    Paul Kirch


    Par isn’t just for Golf
    As part of my coaching and                 of the things I mentioned is
                                               acronyms. Our industry is
                                                                                     of hiring or if you’ve recently gone
                                                                                     through the hiring process, you
    training strategies, I rely heavily
                                               certainly not lacking in acronyms.    might recognize the term PAR.
    on examples to get my points
                                               We’ve surpassed the idea of           Many websites suggest that a
    across. I find people can relate to
                                               embracing them, to perhaps            resume should follow the PAR
    concepts if I can find ways to spell
                                               abusing the use of them. How-         formula when creating strong
    out the idea in a straightforward
                                               ever, I still believe they can be     statements of achievement. In
    manner. Doing so enables them
                                               powerful for remembering key          addition, often an interviewee is
    to put the concepts in their own
                                               ideas. Acronyms can act as a code     asked to share examples of
    terms. I have a friend who
                                               that allows us to put a formula in    success. This formula can serve as
    teaches people the neural
                                               place to resolve issues. One of my    the ideal roadmap for telling his
    sciences approach to connecting
                                               favorite examples is something        story. In fact, any great story
    with prospects or customers. He
                                               that stems from my college days,      teller will implement this formula
    has a deep understanding of how
                                               learning to write advertising copy.   to get his point across more often
    people respond to visual or audio
                                               It’s something that can serve as      than not.
    stimuli , especially dialogue. How
                                               an organizational strategy or can
    and why we respond to certain
                                               be used to help you formulate a       The PAR formula is extensively
    things is engrained in all of us and
                                               plan to address specific issues.       taught at Harvard, Wharton, Yale
    allows us to build bonds or deep
                                               The term is PAR. Most of us are       and other renowned schools of
    connections. Among the myriad
                                               familiar with the term PAR as it is   business. How can something so
    of elements my friend teaches are
                                               used in golf to describe the ideal    simple matter to such institu-
    acronyms, stories, questions and
                                               number of strokes to go from the      tions? How can it make such a
    relevant examples that can help
                                               tee to the hole. A score of PAR is    difference? Quite simply,
    us engage with other people. If
                                               the goal or the standard for each     Problem-Action-Result is a busi-
    you’ve followed my writing or
                                               hole. In business, however, the       ness story. It’s the foundation of
    have seen any of my presenta-
                                               term PAR can represent some-          most great stories. A great story
    tions, you’ve seen these same
                                               thing greater than a standard.        not only has a beginning, middle
    philosophies. While he
                                               The acronym itself stands for         and end, it is also memorable.
    approaches things more scientifi-
                                               Problem – Action – Result. What       PAR can help you create a memo-
    cally, mine is more practical,
                                               it can represent is the answer to     rable story that gives buyers
    experience based. At the same
                                               questions about your value            confidence you understand their
    time, we’re both talking about
                                               propositions, or it can help some-    needs and can provide real solu-
    ways to build connections or
                                               one stand out by sharing              tions. It can help you stand out if
    rapport.
                                               examples of success and so much       the story resonates with them. It
                                               more.                                 can also influence your marketing
    If you look at the list above, one
                                               If you’re someone who does a lot      and advertising. Describing the


The NorthWest Marketing Research Association
Topline-                                                                                       The Newsletter for the NorthWest MRA
                                                                                                                         Winter 2011




    faced, then talking about the              cial that had the jingle, “Plop,           PAR into action. What were the
    action your team took and sharing          Plop, Fizz, Fizz… Oh, what a relief        problems your clients presented
    the end result is a simple formula         it is.” Their brand recognition was        to you? What action did you take
    that can make a huge impact.               built upon the PAR formula. The            to address those problems? What
                                               problem was pain or indigestion.           was the end result? What did
    Case studies can be extremely              The action was popping a couple            that mean to your client? What
    impactful. They show potential             of effervescent tablets into water,         could this mean to others? These
    customers that you have experi-            and the result was relief. What            simple steps can help you create
    ence in areas that matter to them.         problem does your service or               and uncover what your brand
    If your team is armed with                 product solve? What result are             really represents. From there,
    current, relevant case studies,            you providing?                             you can work on your brand
    then you are on the right track. If                                                   positioning.
    not, then create them following            The new business economy
    the PAR formula. After all, if             demands that you stand out. It             Neural science can teach us a lot
    you’re struggling to differentiate          demands that you are seen as               about how we build connections.
    your business, stories of how you          more than just another supplier in         As I mentioned, in golf PAR is
    overcame hurdles or objections             a “me, too” world. PAR can help            considered a standard for each
    can be a form of differentiation.           you tell stories that are unique. It       hole. With the PAR formula,
    Create a case study or white               can lead to stories that matter            however, you can set a new
    paper from it and you’ve got a             when trying to relate to your              standard, a standard that drives
    powerful tool that can set your            potential customers. Even if you           connection and sets your com-
    company apart from others.                 don’t believe you can truly differ-         pany apart from the competition.
                                               entiate your company, your                 In fact, if business were golf, we’d
    I encourage you to take a look at          stories, case studies, white               have to redefine PAR as a hole-in-
    how you’re currently positioning           papers, value propositions and             one. That’s a winning score no
    your brand. Throughout time,               other messaging may tell a tale of         matter how you look at it.
    many brands have been estab-               a brand that’s memorable and
    lished using the simple PAR                unique. Where do you begin?
    formula to stand out with their            First, start by sharing stories of
    advertising. Depending on your             success and failure inside your
    age, you most likely remember              company, and connect with team
    the famous Alka-Seltzer commer-            members and colleagues to put


                                                        Brief Bio : Paul Kirch is President and CEO of ActusMR, Inc™. The Business
                                                        Health Specialists™, using tools to measure areas of improvement within
                                                        an organization, focusing on sales, marketing and business strategy.
                                                        Leveraging tools, consulting and training, they strive to enhance those core
                                                        areas. His firm specializes in servicing the marketing research industry.
                           Paul Kirch                   Paul has served more than 19 years in marketing research and is an active
                           President and CEO            volunteer with the MRA and other industry organizations. He is also a
                                                        Past-President for the NorthWest MRA Chapter, serving on the
                           ActusMR Inc                  Past-Presidents Advisory Council.




The NorthWest Marketing Research Association
Topline-                                                                   The Newsletter for the NorthWest MRA
                                                                                                     Winter 2011




   NWMRA meets:                                       The NWMRA co-hosted its Fall networking event in
   The Research Club                                  Portland, Oregon with Research Club on November
                                                      17. Attendees braved heavy rains and Occupy
                                                      protests to join the fun at Saucebox, downtown.
                                                      They were treated to entertainment, appetizers and
                                                      lively conversation with about 75 guests. The event
                                                      drew an international crowd, including the Research
                                                      Club’s, Bob Qureshi, all the way from London, and
                         Amanda Durkee                attendees from Canada, Washington and California.
                         Partner, Senior Consultant
                         PRC




The NorthWest Marketing Research Association
Topline-                                       The Newsletter for the NorthWest MRA
                                                                         Winter 2011




The NorthWest Marketing Research Association
Topline-                                       The Newsletter for the NorthWest MRA
                                                                         Winter 2011




   Event Photos:
   Holiday in Seattle




The NorthWest Marketing Research Association
Topline-                                       The Newsletter for the NorthWest MRA
                                                                         Winter 2011




The NorthWest Marketing Research Association
Topline-                                                                        The Newsletter for the NorthWest MRA
                                                                                                          Winter 2011




   Upcoming Events:
   NorthWest MRA

  December 30th 2011 - Proffesional Development Program Winter Application Deadline

  January 11th 2012- Portland Holiday Meet and Greet 6-9pm Sky Box and Fireside Lounge at Grand Central
  Restaurant & Bowling Lounge

  January 19th 2012 - Discovery on a Budget: Logitech Uses New Quantitative Research Technique to Revamp
  Products Jeff Chen Manager, Consumer Insights Logitech, Inc.

  January 26th 2012 - San Francisco Holiday Party at Butterfly

  April 11th-13th - Las Vegas - 26th Annual Joint Chapter Conference

  May 8th-13th- Spring Educational Conference 8am-5pm at the Oregon Museum of Science & Industry OMSI

  For more marketing events please see the NorthWest MRA Website




The NorthWest Marketing Research Association
Topline-                                                                    The Newsletter for the NorthWest MRA
                                                                                                      Winter 2011




   Financial Statements:
   NorthWest MRA

                                          Marketing Research Association,
                                                NorthWest Chapter
                                                      Balance Sheet
                                                 As of November 30, 2011

                        Total
                        ASSETS
                          Current Assets
                            Bank Accounts                                     50,339.46
                          Total Current Assets                              $50,339.46
                        TOTAL ASSETS                                        $50,339.46

                        LIABILITIES AND EQUITY
                          Liabilities
                          Total Liabilities
                          Equity                                              50,339.46
                        TOTAL LIABILITIES AND EQUITY                        $50,339.46




The NorthWest Marketing Research Association
Topline-                                                                         The Newsletter for the NorthWest MRA
                                                                                                           Winter 2011




   Financial Statements:
   NorthWest MRA

                                               Marketing Research Association,
                                                     NorthWest Chapter
                                                          Profit & Loss
                                                    July - November, 2011

                                                                                         Total
                      Income
                        Annual Sponsorship                                           5,000.00
                        Event Attendees                                                 390.6
                        Event Sponsors                                                    700
                        Membership Dues                                              1,400.00
                      Total Income                                                 $7,490.60

                      Expenses
                        Bank Charges                                                       30
                        Dues & Subscriptions                                            49.75
                        Event Expenses                                               1,101.11
                        Event Expenses - Facility                                         600
                        Legal & Professional Fees                                         500
                        Meals and Entertainment                                      1,438.13
                        PayPal Fees                                                    218.75
                        Recognition/Awards                                              50.81
                        Taxes & Licenses                                                   30
                        Website                                                        125.75
                      Total Expenses                                               $4,144.30

                      Net Operating Income                                         $3,346.30
                      Other Income
                        Interest Earned                                                   1.75
                      Total Other Income                                                $1.75
                      Net Other Income                                                  $1.75

                      Net Income                                                   $3,348.05




The NorthWest Marketing Research Association

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NorthWest MRA Topline - Winter 2011

  • 1. Topline- The Newsletter for the NorthWest MRA Winter 2011 IN THIS ISSUE OF TOPLINE Message from the President Je Spitzer _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Editor’s Note _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Feature Article : Par isn’t just for golf Paul Kirch _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Upcoming Events Calendar Rommell Montenegro _ _ _ _ _ _ _ _ _ _ _ _ _ MRA meets the Research Club Amanda Durkee _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Holiday in Seattle Photos from Northwest Seattle Holiday Party Financial News and Notes The NorthWest Marketing Research Association
  • 2. Topline- The Newsletter for the NorthWest MRA Winter 2011 Message from the President Finding Blue in a Sky of Gray “As Henry Ford said, Whether you think you can or can’t, you’re right.” Jeff Spitzer, Northwest MRA What a crazy time in the world today. We have a record deficit, demonstrations across the US, politicians bickering and pointing fingers, continuing unrest in the Middle East and now Europe’s economy threatening what little bit of stability we have left here at home. Could 2012 really be the end of our world as the Mayans predicted? Oh, if only we were that lucky! (Just kidding…) With so much uncertainty in the world economy right now, some people may be concerned about their financial outlook for 2012. I, however, chose not to be among them and I don’t think you should either. Think, feel and act positively, and we will all get through this mess just fine. Don’t let yourself get distracted by the negative news; just stick to your plan, your dreams and your hopes. Set your goals and work toward them. Keep taking steps forward and focus on the brighter future and the unlimited possibilities. Today may seem difficult, but if you shut out the negative and stay positive, you will be surprised at how great a year you will have. For myself, whether the economy lags or not, I fully expect to grow my business in 2012, and beyond. In fact, 2012 will be my best year EVER – both professionally and personally. Why? Because I choose it to be! As Henry Ford said, “Whether you think you can or can’t, you’re right.” I can, and I will. Who’s with me? Wishing you all the best in the New Year… P.S. In case you weren't already aware, Je Spitzer the NorthWest Chapter now has a Universal Survey presence on Facebook, Twitter and President, NorthWest MRA LinkedIn. Take a moment and connect with us! The NorthWest Marketing Research Association
  • 3. Topline- The Newsletter for the NorthWest MRA Winter 2011 Editors Note Brian Parker While my family and I are buckling in for our first full winter in our new Chicago digs, I’m jealous of all my friends in the Northwest MRA(especially in San Francisco) that aren’t having to deal with the wintery mix weather! Also, I couldn’t help putting in an article with some reference to golf since my sticks have been put away for quite some time now. In our winter Topline, we have a great piece from our President. As we all are reflecting on 2011 and goal setting for 2012, I can’t think of a more appropriate message. Now that we have the right attitude going into the new year, Paul Kirch gives us an action plan with his article on finding the Problem, taking Action, and producing the Result. Thanks to Rommell Montenegro for putting together a list of great upcoming Research events and Amanda Durkee for sharing a few words on the recent joint event between the Portland Brian Parker watchLAB Editor, NorthWest MRA The NorthWest Marketing Research Association
  • 4. Topline- The Newsletter for the NorthWest MRA Winter 2011 Featured Article Paul Kirch Par isn’t just for Golf As part of my coaching and of the things I mentioned is acronyms. Our industry is of hiring or if you’ve recently gone through the hiring process, you training strategies, I rely heavily certainly not lacking in acronyms. might recognize the term PAR. on examples to get my points We’ve surpassed the idea of Many websites suggest that a across. I find people can relate to embracing them, to perhaps resume should follow the PAR concepts if I can find ways to spell abusing the use of them. How- formula when creating strong out the idea in a straightforward ever, I still believe they can be statements of achievement. In manner. Doing so enables them powerful for remembering key addition, often an interviewee is to put the concepts in their own ideas. Acronyms can act as a code asked to share examples of terms. I have a friend who that allows us to put a formula in success. This formula can serve as teaches people the neural place to resolve issues. One of my the ideal roadmap for telling his sciences approach to connecting favorite examples is something story. In fact, any great story with prospects or customers. He that stems from my college days, teller will implement this formula has a deep understanding of how learning to write advertising copy. to get his point across more often people respond to visual or audio It’s something that can serve as than not. stimuli , especially dialogue. How an organizational strategy or can and why we respond to certain be used to help you formulate a The PAR formula is extensively things is engrained in all of us and plan to address specific issues. taught at Harvard, Wharton, Yale allows us to build bonds or deep The term is PAR. Most of us are and other renowned schools of connections. Among the myriad familiar with the term PAR as it is business. How can something so of elements my friend teaches are used in golf to describe the ideal simple matter to such institu- acronyms, stories, questions and number of strokes to go from the tions? How can it make such a relevant examples that can help tee to the hole. A score of PAR is difference? Quite simply, us engage with other people. If the goal or the standard for each Problem-Action-Result is a busi- you’ve followed my writing or hole. In business, however, the ness story. It’s the foundation of have seen any of my presenta- term PAR can represent some- most great stories. A great story tions, you’ve seen these same thing greater than a standard. not only has a beginning, middle philosophies. While he The acronym itself stands for and end, it is also memorable. approaches things more scientifi- Problem – Action – Result. What PAR can help you create a memo- cally, mine is more practical, it can represent is the answer to rable story that gives buyers experience based. At the same questions about your value confidence you understand their time, we’re both talking about propositions, or it can help some- needs and can provide real solu- ways to build connections or one stand out by sharing tions. It can help you stand out if rapport. examples of success and so much the story resonates with them. It more. can also influence your marketing If you look at the list above, one If you’re someone who does a lot and advertising. Describing the The NorthWest Marketing Research Association
  • 5. Topline- The Newsletter for the NorthWest MRA Winter 2011 faced, then talking about the cial that had the jingle, “Plop, PAR into action. What were the action your team took and sharing Plop, Fizz, Fizz… Oh, what a relief problems your clients presented the end result is a simple formula it is.” Their brand recognition was to you? What action did you take that can make a huge impact. built upon the PAR formula. The to address those problems? What problem was pain or indigestion. was the end result? What did Case studies can be extremely The action was popping a couple that mean to your client? What impactful. They show potential of effervescent tablets into water, could this mean to others? These customers that you have experi- and the result was relief. What simple steps can help you create ence in areas that matter to them. problem does your service or and uncover what your brand If your team is armed with product solve? What result are really represents. From there, current, relevant case studies, you providing? you can work on your brand then you are on the right track. If positioning. not, then create them following The new business economy the PAR formula. After all, if demands that you stand out. It Neural science can teach us a lot you’re struggling to differentiate demands that you are seen as about how we build connections. your business, stories of how you more than just another supplier in As I mentioned, in golf PAR is overcame hurdles or objections a “me, too” world. PAR can help considered a standard for each can be a form of differentiation. you tell stories that are unique. It hole. With the PAR formula, Create a case study or white can lead to stories that matter however, you can set a new paper from it and you’ve got a when trying to relate to your standard, a standard that drives powerful tool that can set your potential customers. Even if you connection and sets your com- company apart from others. don’t believe you can truly differ- pany apart from the competition. entiate your company, your In fact, if business were golf, we’d I encourage you to take a look at stories, case studies, white have to redefine PAR as a hole-in- how you’re currently positioning papers, value propositions and one. That’s a winning score no your brand. Throughout time, other messaging may tell a tale of matter how you look at it. many brands have been estab- a brand that’s memorable and lished using the simple PAR unique. Where do you begin? formula to stand out with their First, start by sharing stories of advertising. Depending on your success and failure inside your age, you most likely remember company, and connect with team the famous Alka-Seltzer commer- members and colleagues to put Brief Bio : Paul Kirch is President and CEO of ActusMR, Inc™. The Business Health Specialists™, using tools to measure areas of improvement within an organization, focusing on sales, marketing and business strategy. Leveraging tools, consulting and training, they strive to enhance those core areas. His firm specializes in servicing the marketing research industry. Paul Kirch Paul has served more than 19 years in marketing research and is an active President and CEO volunteer with the MRA and other industry organizations. He is also a Past-President for the NorthWest MRA Chapter, serving on the ActusMR Inc Past-Presidents Advisory Council. The NorthWest Marketing Research Association
  • 6. Topline- The Newsletter for the NorthWest MRA Winter 2011 NWMRA meets: The NWMRA co-hosted its Fall networking event in The Research Club Portland, Oregon with Research Club on November 17. Attendees braved heavy rains and Occupy protests to join the fun at Saucebox, downtown. They were treated to entertainment, appetizers and lively conversation with about 75 guests. The event drew an international crowd, including the Research Club’s, Bob Qureshi, all the way from London, and Amanda Durkee attendees from Canada, Washington and California. Partner, Senior Consultant PRC The NorthWest Marketing Research Association
  • 7. Topline- The Newsletter for the NorthWest MRA Winter 2011 The NorthWest Marketing Research Association
  • 8. Topline- The Newsletter for the NorthWest MRA Winter 2011 Event Photos: Holiday in Seattle The NorthWest Marketing Research Association
  • 9. Topline- The Newsletter for the NorthWest MRA Winter 2011 The NorthWest Marketing Research Association
  • 10. Topline- The Newsletter for the NorthWest MRA Winter 2011 Upcoming Events: NorthWest MRA December 30th 2011 - Proffesional Development Program Winter Application Deadline January 11th 2012- Portland Holiday Meet and Greet 6-9pm Sky Box and Fireside Lounge at Grand Central Restaurant & Bowling Lounge January 19th 2012 - Discovery on a Budget: Logitech Uses New Quantitative Research Technique to Revamp Products Jeff Chen Manager, Consumer Insights Logitech, Inc. January 26th 2012 - San Francisco Holiday Party at Butterfly April 11th-13th - Las Vegas - 26th Annual Joint Chapter Conference May 8th-13th- Spring Educational Conference 8am-5pm at the Oregon Museum of Science & Industry OMSI For more marketing events please see the NorthWest MRA Website The NorthWest Marketing Research Association
  • 11. Topline- The Newsletter for the NorthWest MRA Winter 2011 Financial Statements: NorthWest MRA Marketing Research Association, NorthWest Chapter Balance Sheet As of November 30, 2011 Total ASSETS Current Assets Bank Accounts 50,339.46 Total Current Assets $50,339.46 TOTAL ASSETS $50,339.46 LIABILITIES AND EQUITY Liabilities Total Liabilities Equity 50,339.46 TOTAL LIABILITIES AND EQUITY $50,339.46 The NorthWest Marketing Research Association
  • 12. Topline- The Newsletter for the NorthWest MRA Winter 2011 Financial Statements: NorthWest MRA Marketing Research Association, NorthWest Chapter Profit & Loss July - November, 2011 Total Income Annual Sponsorship 5,000.00 Event Attendees 390.6 Event Sponsors 700 Membership Dues 1,400.00 Total Income $7,490.60 Expenses Bank Charges 30 Dues & Subscriptions 49.75 Event Expenses 1,101.11 Event Expenses - Facility 600 Legal & Professional Fees 500 Meals and Entertainment 1,438.13 PayPal Fees 218.75 Recognition/Awards 50.81 Taxes & Licenses 30 Website 125.75 Total Expenses $4,144.30 Net Operating Income $3,346.30 Other Income Interest Earned 1.75 Total Other Income $1.75 Net Other Income $1.75 Net Income $3,348.05 The NorthWest Marketing Research Association