The Center’s financial information is now easily accessible online. These include our most recent Form 990 and the most recent fully audited financial statements, as well as our most recent monthly financials reviewed and approved by the Board of Directors. For a full list of board members, please click here to visit our board page . If you have any questions, we would love to answer them and our Executive Director, Kristen Lessig, would be happy to sit down with you and review any and all details. Feel free to contact her directly at anytime. Email: firstname.lastname@example.org , call her at The Center at (941)778-1908 X9221 or on her cell at (941) 417-0748 to schedule a meeting.
The Center lost $-24.3K in July vs a Budget Plan of a loss of -$16.2K, a shortfall of -$8.1K from Plan.
1. Program Income was up dramatically from last year ($34.1K vs $11.0K), but fell short of a very aggressive Plan ($34.1K vs Plan of 45.0K), with shortfalls from Plan in all major areas — Fitness, Sports, and Youth Programs
2. Fundraising did well in July, but was down slightly from Plan and last year, which benefited from a $20K donation from Food & Wine on Pine
3. Total Income was $14K below Plan due to shortfalls in program revenues from a very aggressive Plan
Direct costs were well below Plan, but were up slightly from last year due to special one-time expenditures on Cross-Fit
Indirect Support Costs:
Indirect Support Costs were unchanged from last year and were 4% below Plan for July
Overhead costs were up from last year due to a one-time Professional Fee for building the Budget worksheets by the CPA, but the overhead costs were in line with the Budget Plan
Results in Program Activity were encouraging as revenue jumped significantly from last year, but the gains fell short of the very ambitious goals for the month of July. Other income sources fell short of past levels due to the absence of past one-off revenues (e.g. $34K endowment disbursement last year, $20K donation from F&W on Pine). But expenses held steady vs plan and last year despite the big increase in program activity. Overall, a decent start to the fiscal year, but it clearly highlights the challenge in front of us to achieve the large program revenue gains projected in the Plan and to boost other revenue sources from past levels.
Jim Froeschle, PhD in Econmetrics