2016 Conference Financial Report
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 Proposed 2016 Budget 2017 Budget Revenues Membership Dues (includes individuals, chapters and life Annual Conference Revenue (includes registration, gala, & Fundraising Grants and Contributions Miscellaneous Income Total Revenue Expenses Advertising & Promotion Bank Charges Insurance Office Expense Contract Services (includes contractors and audit fees) Postage & Delivery Printing & Reproduction Program Expenses Rent Seminar & Convention Supplies Telephone Travel & Accommodation Website Development & Maintenance Interest Expense Contribution - Relief Efforts Miscellaneous Expenses Total Expenses/Outlays Loan Repayment (Principal) Projected (Shortfall)/Surplus
2016
2017
35,500
36,500
103,500 12,000 6,800 157,800 2,000 4,000 500 2,500
109,000 11,000 3,400 159,900
35,000 1,800 7,000 5,000 6,000 70,000 1,200 500 5,000
35,000 6,000 7,000 500 6,000 70,000 1,200 7,000
2,400 900 3,500 500 147,800 5,172 4,828
2,400 2,000 3,900 500 159,900 4,100 -
2,500 3,000 1,000 7,800
Union of Black Episcopalians 2017 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 to operating 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.
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 Proposed 2016 Budget 2017 Budget Revenues Membership Dues (includes individuals, chapters and life Annual Conference Revenue (includes registration, gala, & Fundraising Grants and Contributions Miscellaneous Income Total Revenue Expenses Advertising & Promotion Bank Charges Insurance Office Expense Contract Services (includes contractors and audit fees) Postage & Delivery Printing & Reproduction Program Expenses Rent Seminar & Convention Supplies Telephone Travel & Accommodation Website Development & Maintenance Interest Expense Contribution - Relief Efforts Miscellaneous Expenses Total Expenses/Outlays Loan Repayment (Principal) Projected (Shortfall)/Surplus
2016
2017
35,500
36,500
103,500 12,000 6,800 157,800 2,000 4,000 500 2,500
109,000 11,000 3,400 159,900
35,000 1,800 7,000 5,000 6,000 70,000 1,200 500 5,000
35,000 6,000 7,000 500 6,000 70,000 1,200 7,000
2,400 900 3,500 500 147,800 5,172 4,828
2,400 2,000 3,900 500 159,900 4,100 -
2,500 3,000 1,000 7,800
Union of Black Episcopalians 2017 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 to operating 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.
