2009 Dignity NoVA Financial Report
1/1/2009 through 12/31/2009
General Fund Balance as of 01/01/2009 7319.11
Belle Fund Balance as of 01/01/2009 5292.00
Total Balance as of 01/01/2009 12611.11
General Fund Balance as of 01/01/2009 7319.11
General Fund Income 01/01/2009 thru 12/31/2009 20366.42
General Fund Expenses 01/01/2009 thru 12/31/2009 13571.39
General Fund Balance as of 12/31/2009 14114.14
Belle Fund Balance as of 01/01/2009 5292.00
Belle Fund Income 01/01/2009 thru 12/31/2009 460.00
Belle Fund Expenses 01/01/2009 thru 12/31/2009 700.00
Belle Fund Balance as of 12/31/2009 5052.00
General Fund Balance as of 12/31/2009 14114.14
Belle Fund Balance as of 12/31/2009 5052.00
Total Balance as of 12/31/2009 19166.14
Liabilities as of 12/31/2009 0
TRENDS
Balance as of 01/01/2007 17167.18
Balance as of 01/01/2008 14173.10
Balance as of 01/01/2009 12611.11
Balance as of 01/01/2010 19166.14
2009 INCOME
2008 Dignity USA Chapter Supp 150.00
2008 DW Pymt for Blade Ad 1,568.00
2008 Fund Raising 1,790.00
2008 Interest 105.46
2008 Weekly Collection 16,752.96
TOTAL Income 20,366.42
2009 EXPENSES
2008 Advertising - Blade Ad -2,842.00
2008 BOD Insurance -800.00
2008 Church Rent -4,200.00
2008 Clergy Stipend -1,525.00
2008 Donations to the Belle Fu` -400.00
2008 Flowers -562.47
2008 Liturgy Supp - Other (Wine, e... -41.45
2008 Miscellaneous -500.00
2008 Munley Church Supplies -167.35
2008 Musicians -975.00
2008 Office Supplies -500.00
2008 Oreg Cath Press Hymnals&Sht -255.00
2008 P O Box Rent -116.00
2008 Second Sat Seminar Stipend -275.00
2008 Socials -185.00
2008 VA Tax -25.00
2008 Voice Mail -149.25
2008 Web Site -52.87
TOTAL EXPENSE -13,571.39
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Dignity NoVA Financial Report Jan. 1 to November 14, 2009
General Fund as of 01/01/2009 7319.11
Belle Fund as of 01/01/2009 5292.00
Total Balance as of 01/01/2009 12611.11
General Fund Balance as of 01/01/2009 7319.11
General Fund Income 01/01/2009 thru 11/14/2009 (see over) 14038.54
General Fund Expenses 01/01/2009 thru 11/14/2009 (see over) 12251.60
Gen Fund Balance as of 11/14/2009 9106.05
Bell Fund Balance as of 01/01/2009 5292.00
Belle Fund Income 01/01/2009 thru 11/14/2009 460.00
Belle Fund Expenses 01/01/2009 thru 11/14/2009 700.00
Belle Fund Balance as of 7/31/2009 5052.00
Gen Fund Balance as of 11/14/2009 9106.05
Gen Fund Cash on Hand as of 11/14/2009 632.00
Belle Fund Balance as of 11/14/2009 5052.00
Total Balance as of 11/14/2009 14790.05
Liabilities as of 11/14/2009 0
TRENDS
Balance as of 01/01/2007 17167.18
Balance as of 01/01/2008 14173.10
Balance as of 01/01/2009 12611.11
Balance as of 11/14/2009 14790.05
COMMENTS
We are holding steady at about 20 people at every mass.
Thanks to the generosity of so many people at our anniversary party in May which netted over $1500, we have seen an improvement in our balance sheet of over $2100 since the beginning of the year. Excluding the income from the anniversary party, our weekly collections year to date are averaging almost $235 each week which is up an average of almost $35 each week from what we were collecting at the beginning of the year. On average, we spend over $300 each week.
On your behalf during 2009, the Board of Directors authorized payments from The Belle Fund in the amount of $200 to ICOH to help their Haiti Clean Water Project. We also donated $250 to New Ways Ministry, $150 to the Northern Virginia AIDS Ministry, and $100 to the Servicemembers Legal Defense Network.
Our community could not continue without the countless hours of time freely contributed by our members. Just as volunteering is a personal decision, so is financial support for our communitybased on each person’s financial circumstances. Some will be able to give more and others less. On average, if each of the 15 to 20 people attending mass could contribute $15 to $20 per week, we would be able to cover our expenses and not deplete our resources. Thanks to all who continue to support our community with your contributions of time and talent and treasure. May God continue to bless us.
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2008 D/NoVA FINANCIAL STATEMENT
January 1, 2008 through December 31, 2008
General Fund
Belle Fund
Total
Balance 1/1/2008
9681.1
4492
14173.1
Income 2008
14156.85
1552*
15708.85
Expenses 2008
16518.84*
752
17270.84
Balance 12/31/2008
7319.11
5292
12611.11
*1,200 was transferred from the General Revenue Fund to the Belle Fund
While our attendance seems to be holding up, our finances continue to deteriorate. We are spending more than we receive. On average, we spend over $300 per week, but we are taking in less than $200 per week. Fortunately, as of 1/1/2009, we had $12,611.11 in the bank. $7,000 of this amount is in a CD paying 2.55% due 7/12/2009.
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Financial Report 1/1/2008 thru 10/31/2008
ACCOUNT OVERVIEW
General Fund as of 01/01/2008 9681.10
Belle Fund as of 01/01/2008 4492.00
Total Balance as of 01/01/2008 14173.10
General Fund Income 01/01/2008 thru 10/31/2008 10454.64
General Fund Expenses 01/01/2008 thru 10/31/2008 13818.35
Gen Fund Balance as of 10/31/2008 6317.39
Belle Fund Income 01/01/2008 thru 10/31/2008 1562.00
Belle Fund Expenses 01/01/2008 thru 10/31/2008 627.00
Belle Fund Balance as of 10/31/2008 5427.00
Gen Fund Balance as of 10/31/2008 6317.39
Belle Fund Balance as of 10/31/2008 5427.00
Total Balance as of 10/31/2008 11744.39
TRENDS
Balance as of 01/01/2007 17167.18
Balance as of 01/01/2008 14173.10
Balance as of 10/31/2008 11744.39
COMMENTS
We are holding steady at 15 to 20 people at every mass. Although our attendance is sufficient to sustain our community spiritually, our finances continue to deteriorate as we spend more each week than we take in. On average, we spend over $300 each week, but we are taking in less than $200 each week.
Our community could not continue without the countless hours of time freely contributed by our members. Just as volunteering is a personal decision, so is financial support for our community based on each persons' financial circumstances. Some will be able to give more and others less. On average, if each of the 15 to 20 people attending mass could contribute $15 to $20 per week, we would be able to cover our expenses and not continue to deplete our reserves.
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D/NoVA Financial Report January 1, 2008 to June 30, 2008
General Fund INCOME
2008 Dignity USA Chapter Support ........... 10.00
2008 DW Pymt for Blade Ad..................... 768.75
2008 Fund Raising ................................... 538.00
2008 Interest ........................................... 288.89
2008 Weekly Collection ....................... 5,951.00
TOTAL INCOME ................................... 7,556.64
General Fund EXPENSES
2008 Advertising - Blade Ad ................ 1,355.50
2008 BOD Insurance .............................. 800.00
2008 Church Rent ............................... 2,025.00
2008 Clergy Stipend ........................... 1,800.00
2008 Donations to the Belle Fund ......... 200.00
2008 Flowers ........................................ 352.47
2008 Liturgy Supp - Other (Wine, etc.) ... 41.45
2008 Munley Church Supplies .............. 156.60
2008 Musicians ..................................... 975.00
2008 Office Supplies .............................. 71.36
2008 Second Saturday Seminar Stipend 450.00
2008 Socials ............................................ 70.00
2008 VA Tax ............................................ 25.00
2008 Voice Mail ....................................... 59.70
2008 Web Site ......................................... 52.49
TOTAL EXPENSES............................... 8,434.57
General Fund Assets as of January 1, 2008.......... 9,681.10
Income...................................... 7,556.64
Expenses................................... 8,434.57
General Fund Assets as of June 30, 2008............. 8,803.17
Belle Fund Assets as of January 1, 2008............... 4,492.00
Income...................................... 507.00
Expenses.................................... 627.00
Belle Fund Assets as of June 30, 2008.................. 4,372.00
Total Assets as of January 1, 2008....................... 14,173.10
Cash and Bank Accounts as of June 30, 2008
8-Month CD 2.98% due 12 08 2008 (6,000 from the
General Fund and 4,000 from the Belle Fund).......10,000.00
BB&T #xxxxxx6095 ............................................... 2,803.17
BB&T #xxxxxx4449 - The Belle Fund ....................... 372.00
TOTAL ASSETS as of June 30, 2008............................ 13,175.17
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2007 D/NoVA FINANCIAL STATEMENT
January 1, 2007 through December 31, 2007
SUMMARY
We currently have 89 names on our membership list. About 1/3rd of those folks seem to take an active role in our community. We are holding steady at about 15 to 20 people at mass every Saturday. While our attendance seems to be a viable number to sustain our community, our finances continue to deteriorate. We are spending more than we receive. On average, we spend over $300 per week, but we are taking in less than $200 per week. Fortunately, we have $14,000 in the bank to cover the shortfall in revenues, but obviously this situation cannot last forever. In fact, it can't last much more than 2 years at current trends. Neither can we request those who give so freely of their time to keep our organization functioning to do more, nor can we expect those 6
people whose contributions account for half of our weekly collections to give more. This situation is the responsibility of each of us who want to see our community be sustained.
Total Assets as 01/01/2007 .................................................$17,167.18
Belle Fund Assets as of 12/31/2007 ......................................4,492.00
General Revenue Assets as of 12/31/2007.......................................9,681.10
Total Assets as of 12/31/2007 .....................................................$14,173.10
BELLE FUND
Opening Balance as of 1/01/2007 .....................................................$2,703.00
Income
Individual Contributions ....................................1,134.00
Repayment of Loan ..........................................1,350.00
Contribution from Gen Rev Fund ......................1,000.00
Total Income in 2007 ........................................................3,484.00
Expenses
Gift to Person in Need ..................................... 200.00
Dignity USA ......................................................150.00
Special Olympics ................................................50.00
Mercy Corps .....................................................100.00
St. Clement's Church ........................................100.00
Northern Virginia AIDS Ministry ........................250.00
Dignity USA ........................................................50.00
Humane Society ...............................................185.00
Best Friends .......................................................80.00
Farm Sanctuary.................................................130.00
Animal Welfare .................................................200.00
Servicemembers Legal Defense Fund .............100.00
ICOH Toy Drive ................................................100.00
Total Expenses in 2007 .............................................,,,,,,,,,,,,,,,,,,.....1,695.00
Closing balance as of 12/31/2007 .....................................................$4,492.00
GENERAL REVENUE FUND
Opening Balance as of 1/01/2007.....................................................$14,464.18
Income
D/Washington Pymt for Blade Ad...................................$1,149.90
D/USA Chapter Support Pymt............................................100.00
Interest........................................231.35
Fund Raisers..................................0.00
Other Income ................................0.00
Weekly collections................10,916.65
Total Income in 2007............................................................12,397.90
Expenses
Church Rent.................................................4,200.00
Presiders......................................................3,450.00
Musicians.....................................................1,875.00
Washington Blade Advertising..................2,384.10
Donation to the Belle Fund........................1,000.00
Insurance.......................................................800.00
Flowers...........................................................547.41
OCP for Hymnals & Sheet Music.................400.74
Munley Church Supplies..............................237.00
Web Site...........................................................29.96
Voice Mail.......................................................142.30
Office Supplies..............................................264.51
Virginia Incorporation Tax.............................25.00
Post Office Box Rent....................................108.00
Miscellaneous................................................115.81
New Banner...................................................286.45
15th Anniversary Party..............................1,314.70
Total Expenses in 2007............................17,180.98
Closing balance as of 12/31/2007......................$9,681.10
If you have any questions, concerns, or comments on this financial report, please address them to the Treasurer, David L., who will be glad to further discuss our financial situation and answer any specific questions.
The Board of Directors is aware of our current financial situation. At its recent meeting, the Board noted that it was not time to "hit the panic button," but the Board did discuss a variety of ways to deal with the situation. You thoughts and comments on this subject would be greatly appreciated.
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2007 Annual Meeting Financial Report (November 3, 2007)
Dignity NoVA is a non-profit religious organization incorporated in the
Commonwealth of Virginia. As such, all contributions to D/NoVA, be they
financial or in kind, are not only appreciated, but in fact required to keep
our organization functioning. We simply could not exist without the many
hours of time that many people freely give to D/NoVA or without the
financial support of our members.
Generally, a mass on Saturday night involves a certain amount of fixed
expense as follows:
Church rent………………………..……….. 75.00 each week
Presider (when not donated)……………… 75.00 each week
Music (when not donated)................…..... 75.00 each week
“Blade” advertising ……………………….. @ 25.00 each week
Insurance…………………………………… @15.00 each week
Liturgy Supplies such as hymnals and wine. @ 15.00 each week
Other expenses such as voice mail, flowers,
office supplies, taxes, PO Box, etc……….@20.00 each week
TOTAL WEEKLY EXPENSES: $300.00
AVERAGE WEEKLY INCOME: $190.00
LOSS EACH WEEK: $110.00
During the period 1/1/07 through 10/31/07, D/NoVA sponsored 44 masses
which were attended by an average of 24 people who contributed an average of
$190.00 each week.
Obviously, since our income has not been enough to cover our weekly
expenses, we have been required to drawn down our reserves during this
period of time to pay our expenses.
It is respectfully requested that you consider this information when making
decisions about financially supporting your faith community especially at this
time of year when you may be making your year-end giving decisions.
The Belle Fund was established in honor of Mark J’s mother, Belle. The Belle Fund was established to assist other Dignity chapters, and has evolved to include D/NoVA donations to other worthy organizations, causes, and persons as determined by the Board of Directors not only as part of our tithing responsibly, but also as a means to increase public awareness of our chapter. The Belle Fund is funded by a portion of our general revenues as well as by contributions specifically designated for it and by contributions to D/NoVA for specific causes such as our recent fund-raising party for the benefit of certain animal welfare organizations.
D From 01/01/2007 through 10/31/2007, D/NoVA made the following donations through the Belle Fund:
02/11/2007 Assistance to an individual $200.000
4/16/2007 To Dignity USA for the Convention 150.00
06/01/200 In Memoriam Contribution to the
Special Olympics 50.00
06/03/2007 Mercy Corps in honor of Paul W. 100.00
06/03/2007 St. Clement Church in honor of Laura N. 100.00
06/06/2007 NOVAM Membership & in honor of Eva A 250.00
09/23/2007 Dignity USA in honor of Tom Y. 50.00
10/26/2007 Humane Society of the USA 185.00
10/26/2007 Best Friends Animal Society 80.00
10/26/2007 Farm Sanctuary 130.00
10/26/2007 Animal Welfare Institute 200.00
TOTAL EXPENDITURES FROM THE BELLE FUND: $1,495.00
As of 10/31/2007, the Belle Fund’s assets total $4,224.50.
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Dignity NoVA Financial Statement
January 1, 2007 through October 31, 2007
In order to simplify compliance with new IRS reporting requirements for small
non-profit religious organizations such as D/NoVA, the board earlier this year
changed our accounting from a fiscal year basis to a calendar year basis
effective January 1, 2007. Failure to comply with these new IRS reporting
instructions would result in a loss of our non-profit status.
From 1/1/2007 through 10/31/2007, D/NoVA’s Operating Expenses were:
Church Rent $3,450.00
Presiders 2,325.00
Musicians 1,200.00
Washington Blade Advertising 2,111.10
Contributions to Belle Fund
from General Revenues 1000.00
Directors & Officers Insurance 800.00
Flowers 335.94
Lit Supp, Hymnals, Sheet Music, etc 742.30
Web site 29.96
Voice Mail 112.45
Office Supplies 264.51
New Banner 286.45
Miscellaneous 104.86
VA Incorporation Tax 25.00
15th Anniversary Expenses 1,314.70
Donations from the Belle Fund 1,495.00
TOTAL EXPENSES....................... $15,597.27
Our Income during this period was as follows:
Weekly Collection 8,444.00
Payments and Contributions
to the Belle Fund 990.00
Dignity Washington Payment
for their share of the Blade Ad 967.90
Dignity USA Chapter Support 82.50
Interest 408.88
TOTAL INCOME.............................. $10,893.28
As of 10/31/2007, the General Account has a balance of 9336.93
The Belle Fund has a balance of 4224.50
TOTAL ASSESTS as of 10/31/2007…………………….$13,561.43
These funds are held in a $10,000 CD paying 5% due 3/24/08 and two checking accounts.
Financial REPORTFIRST QUARTER FY 2007
Based on a decision of the Board of Directors, effective January 1, 2007, D/NoVA's new fiscal year runs from January 1 through December 31. During the first quarter of FY 2007, i.e., January 1, 2007 through March 31, 2007, D/NOVA sponsored 13 masses attended by a total of 276 people. D/NOVA's expenses during this period which included rent, presiders, music, advertising, flowers, hymnals, etc. totaled $3,689.32. Our income during this period which included donations and D/Washington's share of our advertising expenses totaled $3,016.35.
D/NOVA's assets and net worth as of March 31, 2007 when all of our expenses were paid totaled $17,074.02 which is held in checking accounts and CDs. D/NOVA had no liabilities as of March 31, 2007.
The first quarter is the time when we generally have higher attendance than during the summer months. The fact that our income fell over $650 short of our expenses during the first quarter of FY 2007 suggests that D/NOVA will need to be very prudent in our expenditures in the next few months as we need to be prepared to cover our fixed expenses in the summer months when our income plummets.
As always, the commitment of time and talent and treasure by members of D/NOVA sustain our organization. Your dedication and donations are vital and most sincerely appreciated.
Oct.1, 2006 to Dec. 31, 2006
From October 1, 2006 through December 31, 2006, D/NOVA sponsored 14 masses attended by a total of 290 people. D/NOVA's expenses during this period which included rent, presiders, music, advertising, flowers, hymnals, etc. totaled $3,892.34. Our income during this period which included donations and D/Washington's share of our advertising expenses totaled $3,147.60.
D/NOVA's assets and net worth as of January 2, 2007 when all of our 2006 expenses were paid totaled $17,167.18 which is held in checking accounts and CDs. D/NOVA had no liabilities as of January 2, 2007.
The first quarter is the time when we generally have higher attendance than during the summer months. The fact that our income fell almost $750 short of our expenses during the first quarter of FY 2007 suggests that D/NOVA will need to be very prudent in our expenditures in the next few months as we need to be prepared to cover our fixed expenses in the summer months when our income plummets.
DIGNITY/NORTHERN VIRGINIA
FINANCIAL REPORT
OCTOBER 1, 2005—SEPTEMBER 30, 2006
Dignity/NOVA operates on a fiscal year that runs from October 1 through September 30.
At the close of business on September 30, 2006, Dignity/NOVA's financial condition was as follows:
Budget Actual
FY2006 Expenses $16, 234 $16, 672.07
FY2006 Income $16, 224 $15, 220.95
Our actual expenses exceeded our actual income by about $1,450. However, we had sufficient funds on hand to cover the short fall.
As of October 1, 2006, Dignity NOVA had no liabilities. We have our assets in two distinct funds. One fund is for our operating expenses and the other fund, “The Belle Fund,” is for our tithing to other worthy causes. As of October 1, our total net assets were $17,728.91 which includes operating funds in a checking account and two CDs totaling $14,969.41 and Belle Fund assets of $2,759.50
Further information will be provided after the new Board of Directors takes office on November 1, 2006 and adopts a budget for FY2007.
19166.14