Now Accepting Nominations for the 2009 Bill Krejci Cooperative Service Award
Former Bloomingfoods board president and finance minister Bill Krejci raised alpacas and organic popcorn, worked in the physics lab at Indiana University, and helped institute membership programs and systems at Bloomingfoods.
Thanks once again to all the members, vendors, staff, and volunteers who make this annual event a great day to shop and so much fun.
We wish to thank everyone who took time to respond to our annual survey. Our management team has a lot of analysis and discussion to do, but here are some of our preliminary, big picture observations
812 people took our survey this year.
92.7% of them were satisfied or extremely satisfied with Bloomingfoods.
57% have been shoppers for more than 5 years and 39% members for more than 5 years.
About 25% of the respondents have children living at home.
72% live in households with an annual income of more than $35k a year.
45% of our shoppers said they spend most of their grocery dollars at Bloomingfoods.
Primary Shopping Location:
56% answered East
36% answered West
8% answered DT
73% cited ‘location’ as the number one reason for this being their primary location.
More than 75% shop at least once a week.
More than 37% shop multiple times a week.
84% of the respondents believe we should champion social issues. The top three being:
About 14 years ago, the Bloomingfoods Board of Directors updated our bylaws to allow for patronage rebates. Patronage rebates are considered an equitable and democratic way to distribute co-op profits to the membership. If a store finishes the year with a profit, the surplus can be distributed among members proportional to their individual purchases. In this way, each member receives their portion of the profit.
In November, the Board of Directors reviewed our financial reporting for Fiscal Year 2009 and upon seeing that the co-op enjoyed financial success (during a recession), declared a patronage rebate of $46,488 for fiscal year 2009. After many years of expansion and growth for the co-op, during which any surpluses were reinvested to capitalize and strengthen the organization, we are excited to be issuing a rebate to more than 6,200 members who were active shoppers at the co-op between July 1, 2008 and June 30, 2009.