What was the Board of Directors expense for C12 Group in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
ess Imputed Interest | - | 2,690 | | Present value of lease liability | $ | 56,942 |
NOTE E - OTHER OPERATING EXPENSES
Other operating expenses include the following for the years ended December 31:
| _ | 2024 | 2023 | |
|---|---|---|---|
| Franchise administration | $ | 2,418 | $ 9,418 |
| Board |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the Board of Directors expense for the year 2024 was $22,042. This figure reflects the costs associated with the company's Board of Directors, which may include compensation, travel, meetings, and other related expenses. Understanding this expense can provide insight into the operational costs of C12 Group's corporate governance.
For a prospective franchisee, the Board of Directors expense is an indicator of the financial resources C12 Group allocates to its leadership and oversight. While franchisees are not directly responsible for these costs, they are important for understanding the overall financial health and management structure of the company. A significant change in this expense from year to year could signal strategic shifts or financial adjustments within the organization.
It's also worth noting that the Board of Directors expense decreased from $29,442 in 2023 to $22,042 in 2024. This decrease could be due to various factors, such as changes in board member compensation, reduced meeting frequency, or cost-saving measures implemented by the company. Franchisees may want to inquire about the reasons for this change to better understand the company's financial management practices.