During this time, the editorials in The Outdoor Message became increasingly hostile towards GOAL. When GOAL asked for editorial control over their investment, they were refused; so the BoD voted to end GOAL’s relationship with The Outdoor Message.
Coincidentally, shortly after the GOAL BoD voted to end the relationship with TOM, The Foundation raised the rent charged to GOAL for the Pierce Street building from $950 per month to over $2600 per month – retroactive to January 2012. At this point it became clear that GOAL’s interests and those of The Foundation /Outdoor Message had diverged enough so that a clean break would benefit all parties involved.
I didn't know that until now. Wow....just wow.
GOAL started up training classes at the new facility in May, which have since has raised over $17K in revenue! This projects to an annual contribution of $68K, which is surprising because The Foundation reported an average of ‘only’ $42K over the last two years.
Here’s a before and after look at the money:
Before the Split
Paid to the newspaper = $85K
Revenue from classes = $0
After the Split
Paid to the newspaper = $0
Revenue from classes = $68K
The Bottom Line
Additional funds now available to GOAL = $153K