Just from what I know of the round that we hosted, there were 448 students that participated. (Note that I was told that of those 448, only 366 qualified to go on to the Global Round -- leaving 82 that were not eligible to progress to the next level of the competition). If they all paid the early bird registration fee, then the total amount paid to WSC would have been about $16,000 USD. The fees we charged for the use of our facilities and the food that was served came to $6,400 USD. That leaves $9,600 USD to pay for the couple of coordinators, a few boxes of paper, and the purchase and shipping of the alpacas, medals and trophies. I am certain that the $36 registration fee when hosted here is fairly inexpensive when compared to other locations. Currently there are 127 regional rounds scheduled. I found some of the rounds had fees as high as $120 per student, and others as low as $20. If each round has a comparable income (high turnout and low fees like us, or lower turnout and higher fees) then those 127 rounds will bring in $2,032,000 USD.
The next stage is the Global Rounds and they seem to make good money here. For instance, the Beijing Global round costs $775 to register before any deadlines. The Global round in the Hague is $825 before deadlines. Their website claims 5,000 students participate in Global Rounds. So if we go with all 5,000 participants paying the $775 early bird fee for Beijing, the total collected is $3,875,000. Yes, 3.8 million USD.
The early bird fee for the Tournament of Champions hosted at Yale costs attendees $835 per student. They said last year there were about 3,000 participants. That comes to $2,505,000 USD.
Yes, 8.4 million dollars. This, I believe, to be on the low end, I always used the early-bird fee amounts. The also have add-ons for tour packages for the global rounds and Yale event. Mind you, they have to pay for all of the spaces they rent and food served to students, plus a LOT of medals and trophies as well as some staff costs. But I know, for sure, that they recruit volunteers to help put on all aspects of the regional rounds.
Participants walk away with cheap trophies and medals, a stuffed alpaca, some stories, and something to put on their college applications and resumes in hopes that it might make them stand out. Note that the World Scholar's Cup Foundation is NOT a non-profit. Zero dollars goes to scholarships for winners.
The next stage is the Global Rounds and they seem to make good money here. For instance, the Beijing Global round costs $775 to register before any deadlines. The Global round in the Hague is $825 before deadlines. Their website claims 5,000 students participate in Global Rounds. So if we go with all 5,000 participants paying the $775 early bird fee for Beijing, the total collected is $3,875,000. Yes, 3.8 million USD.
The early bird fee for the Tournament of Champions hosted at Yale costs attendees $835 per student. They said last year there were about 3,000 participants. That comes to $2,505,000 USD.
The total gross income for one year of World Scholar's Cup is approximately $8,412,000 USD.
Participants walk away with cheap trophies and medals, a stuffed alpaca, some stories, and something to put on their college applications and resumes in hopes that it might make them stand out. Note that the World Scholar's Cup Foundation is NOT a non-profit. Zero dollars goes to scholarships for winners.
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