Fact Sheet: Your Patronage Rebate for Fiscal Year 2009
In November, the Bloomingfoods Board of Directors declared a patronage rebate of $46,488 for fiscal year 2009.
What is a patronage rebate?
The co-op distributes its surplus profit back to members proportional to how much they spent in the store.
How is the amount of each member’s rebate calculated?
Your transaction totals are recorded at the registers. At the end of the year, we determine your total purchase amount. We then total all the sales from members. We calculate your total contribution to member sales as a percentage. This percentage represents your proportional share of the profits.
Will every member receive a check?
The checks that will be issued range from $5.01 to $76.98.
Due to the associated administrative costs, we have determined a minimum check amount. The smallest checks issued will be for $5.01 to customers with annual purchases of about $1,083. For those shoppers who have a rebate of $5.00 or less, the co-op will retain the equity in an account, in their name.
I have not received a check and would like to know why.
There are several reasons why you might not have received a check. We might not have your most current address or your check amount might have been below the minimum amount for that particular year.
Contact us for more information on the status of your rebate.
Phone: Brad at 812-339-4442 x114
Email:
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We are excited to be in a strong financial position and able to issue a patronage rebate.
Thank you for making the co-op so successful.
