The Center’s financial information is now easily accessible online. These include our current and past 990’s and the most recent fully audited financial statements, as well as our most recent monthly financials reviewed and approved by the Board of Directors.
Monthly financial prepared by:
Significant improvements were experienced over prior year and budget in the areas of program revenues, program direct cost savings and lower general, indirect and administrative expense. Fund raising revenues were down compared to both prior year and budget however associated fund raising expenses were also lower.
Net income for the most recent fiscal year ending June 30, 2018 was a positive $15,804 representing almost a $300,000 swing from last fiscal year 2016/2017 loss of $282,749. This is due to increased revenues in most all program areas and significant cost cutting and savings in all areas. The $348,752 net loss from operations before Fund Raising was more than 50% less than the prior year loss of $713,694. Though Fund Raising income was down 15% from prior year and down 19% from budget it was still enough to carry The Center into the black for FY 2017/2018.
Initiatives for the upcoming fiscal year 2018/2019 include the hiring of a Development Director to focus in the areas of fund raising and donor relations, close and continuous monitoring and management of expenses, capital improvements to maintain facilities and attract/retain members and the implementation of sustainability programs.
Christine Major Hicks