Union of Black Episcopalians 2015 Financial...
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Union of Black Episcopalians 2015 Financial Report The Balance Sheet and Profit & Loss Budget Comparison are presented on a cash basis. These statements are unaudited.
Transcript of Union of Black Episcopalians 2015 Financial...
Union of Black Episcopalians
2015 Financial Report
The Balance Sheet and Profit & Loss Budget Comparison
are presented on a cash basis.
These statements are unaudited.
Union of Black Episcopalians
2016 Financial Report
The Balance Sheet and Profit & Loss Budget Comparison
are presented on a cash basis.
These statements are unaudited.
Union of Black Episcopalians
2017 Budget
Approved
2016 Budget
Proposed
2017 Budget
Revenues 2016 2017Membership Dues (includes
individuals, chapters and life 35,500 36,500 Annual Conference Revenue
(includes registration, gala, & 103,500 109,000
Fundraising 12,000 11,000
Grants and Contributions - -
Miscellaneous Income 6,800 3,400
Total Revenue 157,800 159,900
Expenses -
Advertising & Promotion 2,000 2,500
Bank Charges 4,000 3,000
Insurance 500 1,000
Office Expense 2,500 7,800 Contract Services (includes
contractors and audit fees) 35,000 35,000
Postage & Delivery 1,800 6,000
Printing & Reproduction 7,000 7,000
Program Expenses 5,000 500
Rent 6,000 6,000
Seminar & Convention 70,000 70,000
Supplies 1,200 1,200
Telephone 500 -
Travel & Accommodation 5,000 7,000 Website Development &
Maintenance 2,400 2,400
Interest Expense 900 2,000
Contribution - Relief Efforts 3,500 3,900
Miscellaneous Expenses 500 500
Total Expenses/Outlays 147,800 159,900
Loan Repayment (Principal) 5,172 4,100
Projected (Shortfall)/Surplus 4,828 -
Union of Black Episcopalians2017 Budget Notes
The proposed budget for 2017 ($160k) is based on historical performance (3-year average) and expectations for the upcoming year.
Key Highlights
● 98% of our revenue is derived from Membership Dues (23%), Annual Conference Revenue (68%), Fundraising (7%). Other miscellaneous sources account for the remaining 2%.
● 83% of expenses are attributable to: Seminar and Convention fees (44%), Printing & Reproduction (4%), Contract Services (22%), Office Expense (5%), Rent (4%), and Travel & Accommodation (4%). The remaining 17% is attributable tooperating expenses such as Advertising & Promotion, Office Expense, Website Development & Maintenance, etc.
● Loan repayment amounts have been included in the budget. Under the negotiated agreement, principal and interest payments are a little over $6k annually.
