2018 Financial Results

2018 Total Year – Financial Results

   
         
Amounts in 000’s      
         
Revenue   Actual Budget Inc/(Dec)
Pledge    $        1,125  $     1,195  $            (70)
Non Pledge  $           168  $         160  $               8
Holiday Giving  $             56  $           40  $             16
Total Revenue  $        1,349  $     1,395  $           (46)
         
Expenses      
Prof Staff & Programs  $           637  $         617  $             20
Apportionments  $             94  $         160  $            (66)
Office Staff & Support Costs  $           436  $         435  $               1
Facility Expenses  $           240  $         207  $             33
Capital Improvement Trust  $             20  $           11  $               9
Miscellaneous  $                2  $             4  $              (2)
         
Total Expenses  $        1,429  $     1,434  $              (5)
         
Operating Income/(Loss)  $          (80)  $         (39)  $            (41)
         
Endowment Grants  $             18  $           17  $               1
Designated Gifts  $             33  $           22  $             11
         
Net Income/(Loss)  $           (29)  $              –  $           (29)
         
Comments:      
For the year, Revenue totaled $1.349 million and was 3% lower than budget – higher Non Pledge revenue (up $8 k) and Holiday Givign (up $16 k) offset lower Pledge revenue (down $70 k).
         
Expenses totaled $1.429 million and  were $5 k lowerr than budget.  Higher Professinal staffing & Program Costs (Up $20 k) combines with additional Facility Costs (Up $33 k) were offset by lower Apportionment Costs (down $66 k)
         
Operating Net Loss was funded with Endowment Grants ($18 k) and Designated Gifts ($33 – mainly Open Door). Remaining shortfall ($29 k) to be funded by Cash Reserve.