Report from the General Manager
By Emile Amarotico, General Manager
By now you should have received your annual Patronage Dividend check in the mail. Despite a downtick in gross sales last year, your patronage contributed to a Co-op profit again. The total patronage dividend represents approximately 1.8% of the more than $22 million in sales to owners, amounting to over $400,000. The Board of Directors has elected to distribute 40% of this dividend to owners by check and to retain the remaining 60% for future needs. The amount of dividend checks represents approximately 0.7% of owner purchases for the year 2017.
At about this time each year I hear from owners who are concerned with why the Board does not distribute 100% of the dividend. The short answer is that it is a prudent and best practice for most organizations, whether for profit or not, to retain a portion of profits for “a rainy day” and/or for future development.
We've done some research among peer food co-ops in the Western US, and learned that the vast majority do not give patronage dividends at all, either because they do not have profits or are not incorporated as true cooperatives per state or IRS statutes.
Of those co-ops that do provide patronage refunds, most choose only to distribute the 20% IRS required minimum. Ashland Food Co-op on the other hand has consistently returned 40 - 50% of dividends to owners each year. In addition to the 0.7% of owner purchases distributed, owners received an additional 1.7% in coupons and discounts on their purchases during the year.
By the way, we are excited to announce that this will be the last dividend distribution by check. Starting in 2019 dividends will be available as credit at the register. They may be applied towards purchases, and may even cashed out in most instances. Please confirm that your email address is current to receive updates regarding this and other developments.
As always, I welcome your questions at: [email protected]
More Co-op News
End of year wrap-up on Strategic Energy Management at the Co-op
Hi there. I hope this finds you well. It’s me, Nina Friedman, Strategic Energy Management (SEM) intern for the Ashland Food Co-op. The global and local crises have only devolved into further chaos since we last spoke. As we sit with the reality of coworkers, neighbors, and friends who’ve lost their homes and businesses to the recent fires, and thousands more across the nation losing their loved ones to COVID-19, I imagine many are feeling frozen and powerless to help those that are suffering.
SNAP in the Co-op Kitchen and Thanksgiving
Use your SNAP EBT benefits for all Co-op Kitchen items through November 20th, 2020!
Recognizing the difficulties in food preparation for families who lost their homes in the local wildfires, the State of Oregon has expanded SNAP benefits to be used for hot foods, like made-to-order and hot bar meals from the Co-op Kitchen, through November 20.
And starting on November 16, you can get an early taste of Thanksgiving as the Co-op Kitchen hot bar rolls out the full Thanksgiving spread.
Black Lives Matter
We acknowledge that the Ashland Food Co-op has not had a culture where all employees and community members felt safe sharing their experiences of discrimination in our store. We apologize for this. We are on a learning journey. We have reached out for help, and are listening to our Black, Indigenous and People of Color (BIPOC) employees and owners who want to be part of the positive change we seek.
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Vendors & businesses donating to relief efforts
From day one of the Almeda Fires, the Co-op team wanted to help the community. They reached out to vendors across the region and country to ask for their help with products, supplies and food to get to the fire victims.
And that help came through in big ways, getting nutritious food to displaced families, home supplies in high demand, and wellness and food for first responders and firefighters. Thank you for supporting these businesses as thanks for their help in our community's relief efforts.
October news at the Co-op
October is typically Co-op month, to highlight how differently cooperatives do business. But instead of talking about the 7 Cooperative Principles, or the ownership benefits of being part of the Co-op, we only need to look at the past four weeks to see what being a cooperative really means.
As part of the co-op family, you've helped the entire community immensely.
Lecture recording: "Nutrition for autism and related conditions"
Lisa Shelton, BioIndividual Nutrition Practitioner & Integrative Nutrition Health Coach, put together this recording to discuss nutrition for autism and related conditions including, ADHD, anxiety, and learning disorders as well as strategies for picky eating.
Click here to watch the lecture at your convenience.
Password: p!=Fw6R7
Support Co-op staff to rebuild
The Ashland Food Co-op is dedicated to helping our community and our staff rebuild after the Almeda Fires in early September.
For immediate support, the Co-op gave $1,000 to staff who lost their homes in the fires, as well as $250 for food and other household needs for anyone displaced due to a level 3 evacuation order.
Change for Good in September: Southern Oregon Land Conservancy
For the month of September, Ashland Food Co-op shoppers can round up at the register to support Southern Oregon Land Conservancy. Since 1973, SOLC has been working on multiple fronts to improve land quality and conservation for humans and nature alike. Check out some of the projects below that SOLC has been working on recently. And mark your calendar for Saturday, October 24, as SOLC hosts an Open Lands Day hike and tour on the Rogue River Preserve.
Free Monday Night Lecture - Some Cool Science about Breathing
Join Kelly Martin as she explains how your breath impacts everything from ankle sprains to headaches. Learn why belly breathing isn't good for you, how to breathe correctly, and how to maximize lung health, improve posture, enhance walking efficiency, reduce anxiety, and improve sports performance.
Access the Zoom recording here.
Zoom access password: 2zu@KQWU
Chatting about community giving with JPR's "Jefferson Exchange"
Change for Good in August: KS Wild
This month's featured organization in the new Change for Good register round-up program is KS Wild (short for Klamath-Siskiyou Wildlands Center).
Get to know Ashland Emergency Food Bank
The sixth cooperative principle, "Concern for Community," has become even more important since the pandemic began and economies, locally and globally, started to constrict. To address this, the Board of Directors agreed in April to release 100% of patronage dividends and designate Ashland Emergency Food Bank as a donation option for those dividends - resulting in over $20,000 in donations. And with the early launch of Change for Good register round-up, AEFB was a natural choice to receive round-up donations.
July / August GM Update: Walking the Walk
I wrote at the beginning of the year that the Co-op model of business was a blueprint for the future. The concept of “planet, principles and people before profit” is a guide for how cooperatives can run a successful business that puts more back into the community and local economy than national chains, while using less resources and creating less waste.
2020 Co-op Election Results
2020 Co-op Election Results
Ashland Food Co-op owners voted for three open seats on the Board of Directors, and for ten non-profit organizations for the Change for Good register round-up program.
Click a name below to read more about that Co-op Board member.