Tag: finances

Profit in a pandemic? Maguire says NJSIAA pulled through the fall in the black

It would be quite the understatement to say many Garden State businesses continue to struggle ten months after the COVID-19 pandemic began taking a hold in New Jersey.

Though the NJSIAA had to cancel last Winter’s postseason events and the entire Spring season, it returned with a plan to play high school sports this fall, with the blessing of the Governor.

(It didn’t go quite that smoothly in Pennsylvania.)

But even without its big fall events – regional championship at Met Life Stadium, and whatever else would have come its way this football season – the NJSIAA turned a profit.

Executive Director Colleen Maguire – who has a financial background prior to joining the NJSIAA – briefed the Executive Committee Wednesday on the association’s financial footing, which is better than you might think. Maguire said the NJSIAA has made about $100,000 in profit so far this school year.

What’s the outlook for the rest of the year? Here’s Maguire’s full report from Wednesday’s call: