Difference between revisions of "Parent Organization"

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[[Category:Glossary]]
 
[[Category:Glossary]]
 
[[Category:Executive Committee]]
 
[[Category:Executive Committee]]
[[Category:Administrative Affairs]
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[[Category:Administrative Affairs]]

Revision as of 16:15, 16 June 2006

Parent Organization is a term for the relationship between the convention operation itself, and some other organization that may be backing it financially or in some other way. For example, often the Parent Organization is an ongoing corporation, whereas the convention is a corporation organized as a one time event. The Parent Organization typically is the "owner" of the convention, and so creates new convention corporations as needed, nominates the operating staff, and oversees their activities as they run the event.

For Example: Committee To Promote Science Fiction and Fantasy, Inc., a non-profit education corporation, creates:

  • SciFiCon - An annual science fiction book convention
  • OddYearCon - A biennial science fiction film festival
  • ComicCrunchCon East and ComicCrunchCon West - Semi-annual comic book festivals

The Committee, as parent organization, puts a management team in charge of each event, collects the net proceeds of each of the events, then re-allocates the money as needed to the other events to keep them going. Or it may hold a small percentage for itself, perhaps to award as scholarships, for future growth, or just as a contingency fund.


The Parent Organization and Conventions need not be incorporated separately, or even incorporated at all. However, there are some legal liability issues that are handled well by the incorporation structure. To go back to the example, if in the worst case one of the sub-events were to go bankrupt, by separately incorporating them the Committee would be in a better position to continue with the others.