Tag Archives: July 2021 Financial Report

SGS Financial Report – July

If You Haven’t Donated, Now Is The Time

Your committee appreciates everyone’s financial support. Even though Spring Street Center is able to provide some of our income needs. It is not able to cover all costs. Your donations, on average, cover only 51% of our costs.

Our goal for 2021 is to have everyone contribute something toward the upkeep of our center.  By giving a little each month, you become a part of  a membership dedicated to preserving our building for future Subud members. If you have not yet donated this year, please do so! If you need a reason to donate, please read the rest of this report. Thank you!

Future Expenses

We are making progress in saving for our next big project: Repairing the siding on the South side of our building.

We’ve received $1895 in earmarked donations from members toward this effort. We are also setting aside $3000 of the income received from our iTrips rentals toward the project.

With $4895 set aside for this effort we have $17105 to be raised before the project can begin.

Building Repairs Fund

We are grateful for members who would have contributed –  over and above their regular contributions – to this fund. 

iTrip bookings for the remainder of the year will be able to cover some of our costs, but we anticipate that we will need additional contributions from the members. Earmark these donations for the building fund.

Building Rentals

We had 10 rentals in July bringing in rental income of approximately $6,500. This will be deposited in August after the income statement is finalized. From the income received, we will retire $2,000 of our debt to Subud PNW, leaving us with $3000 of that loan to repay.

We have not yet begun Hall Rentals.

Donations

Donations through July 23rd included one large donation to the building repair fund.. 

Thank You to all who contribute. We hope that members who have not donated previously will now consider joining those who do so already.

If you believe we can handle our expenses through member contributions, please consider this:

On average this year, donations have covered roughly one half of our expenses. The rest has been covered by our enterprise. Every dollar donated by a member is appreciated.

Important! New name for donation checks to Subud Greater Seattle

Use only “Subud PNW – Seattle Center” on any future donations to our center.  Bank rules, recently changed, are delaying deposits.  Please be sure to change the “Pay To The Order Of” section of your handwritten or automatic withdrawn check from your account and use this name. If you intend to make your donation to the Region, please earmark your check Subud PNW.

Thanks for those who have setup monthly donations

Thanks to all our monthly donators who have a recurring donation sent from their bank.  You save on envelopes and stamps.  And, you don’t have to remind yourselves to write a check. These regular checks really help us meet our monthly commitments to the region and pay for our use of our facilities. 

If you’d like to know how to set up a recurring donation to our group through your bank, please contact me.