Looking at the numbers
Blake is supposed to have an in-depth feature on what he has deemed 'Blockgrantgate' coming up tomorrow, but I've been digging around a little more in some of the tax returns of some area non-profits to give you an idea of the revenue and expenditures of some of them.
East Athens Development Corporation, for instance, had receipts of more than $1 million for its most recent tax filing and, as I noted earlier, it featured $753,817 in public sector grants. It also had $270,007 in program revenue but no direct (or contributed) income, which is absolutely shocking to me. How any non-profit can expect to operate without some measure of private giving mechanism is beyond me.
What was interesting was to see that their income in grants soared in almost unhealthy manner in a four year-span. In 2001, EADC brought in $292,027 in grant money, but, by 2004, that total was more than $1 million.
To put this in perspective, the Athens Boys and Girls Club had a total income of $1,135,451 in 2005, but $664,839 of that was from direct support and another $149,323 from indirect support. Only $145,269 was from public sector grants. Likewise, the Athens Area Homeless Shelter had more than three-fourths of its 2006 income of more than $500,000 come via direct support.
This is important to note because diverse sources of revenue are essential for a strong and healthy non-profit. If you rely on one measure more than another, you open yourself up for a shortfall if, say, contributions are down or a grant is denied. The ability to hone several streams of revenue is something that, quite frankly, should be common sense if you're in the non-profit industry.
If you're curious about here all of that income went ... EADC spent $642,854 on program services and $312,189 on management with more than $273,000 being dedicated toward salaries for a staff of six. Occupancy was more than $18,000 and $54,386 was spent on travel.
East Athens Development Corporation, for instance, had receipts of more than $1 million for its most recent tax filing and, as I noted earlier, it featured $753,817 in public sector grants. It also had $270,007 in program revenue but no direct (or contributed) income, which is absolutely shocking to me. How any non-profit can expect to operate without some measure of private giving mechanism is beyond me.
What was interesting was to see that their income in grants soared in almost unhealthy manner in a four year-span. In 2001, EADC brought in $292,027 in grant money, but, by 2004, that total was more than $1 million.
To put this in perspective, the Athens Boys and Girls Club had a total income of $1,135,451 in 2005, but $664,839 of that was from direct support and another $149,323 from indirect support. Only $145,269 was from public sector grants. Likewise, the Athens Area Homeless Shelter had more than three-fourths of its 2006 income of more than $500,000 come via direct support.
This is important to note because diverse sources of revenue are essential for a strong and healthy non-profit. If you rely on one measure more than another, you open yourself up for a shortfall if, say, contributions are down or a grant is denied. The ability to hone several streams of revenue is something that, quite frankly, should be common sense if you're in the non-profit industry.
If you're curious about here all of that income went ... EADC spent $642,854 on program services and $312,189 on management with more than $273,000 being dedicated toward salaries for a staff of six. Occupancy was more than $18,000 and $54,386 was spent on travel.
posted by Jmac at 9:36 AM
3 Comments:
The only thing I can think of to blast the M&C about in all of this is that they let this go on for far too long.
They didn't have the votes to get er done til now, and you notice, they went ahead and built those w/out stirring up any public comment, or giving anyone time to get their defenses lined up. I am tickled pink that they got the guts and the votes together to do it. Even HED Director McNeeley didn't seem to have a clue it was coming. BRAVO.
"$54,386 was spent on travel"
Where the hell are they traveling to? Vegas, where everything that happens stays?
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