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Initial membership deposits begin at $100,000 with annual dues of $5,000 to cover basic operating expenses for either an individual or a corporate membership.
But nothing will happen if we cannot pay the basic operating expenses of the Foundation.
The new bank tax is levied on the banks' gross operating profits -- their earnings minus basic operating expenses such as interest payments to depositors.
Total non-interest expense in the first quarter of 1996 was 13 percent lower than the same quarter last year, as basic operating expenses decreased by six percent and REO-related expenses were 60 percent lower.
At present, the Company is current in meeting payroll and basic operating expenses.
With basic operating expenses financed jointly by Suffolk County, New York State, the USDA, and various participant fees, Cornell Cooperative Extension, a federally designated 501-c-3 non-for-profit organization, and is able to launch new projects with support from foundations, corporations and individuals.
It offers a means of carrying out the educational mission of the Museum by widening public awareness of art through inexpensive and readily available reproductions, and it also provides the Museum with important revenues to help meet the basic operating expenses incurred in serving the 5 million visitors annually.
Basic operating expenses in the second quarter and first half of 1993 were 3 percent and 1 percent higher than the comparable periods in 1992, respectively.