Below is the annual budget for your family services nonprofit in Hart City. A benefactor has left $250,000 to your organization, and you have to use money in a 2-year period. Determine how you will use the funds for Years 1 and 2, and justify your reasoning.
Current annual budget:
Revenue | Amount | |
General donations | $50,000 | |
Appeals | $23,000 | |
Monthly giving (12-month average) | $47,400 | |
Fall gala | $14,500 | |
Program fees—Head Start | $100,000 | |
Program fees—youth mentoring program | $30,000 | |
Program fees—parenting classes | $25,000 | |
Program fees—senior yoga | $40,000 | |
Program fees—food and diaper bank | $0 | |
In-kind donations | $60,000 | |
Total Revenue | $389,900 | |
Expenses | Amount | |
Salaries | $204,000 | |
Payroll taxes | $60,000 | |
Insurance | $6,000 | |
Marketing and public relations | $3,600 | |
Office supplies | $4,200 | |
Postage and printing | $1,500 | |
Professional services | $18,000 | |
Program supplies | $24,600 | |
Technology and phone/internet | $18,000 | |
Rent and utilities | $50,000 | |
Total Expenses | $389,900 | |
Net Gain/Loss | $0 |
Annual Budget: Year 1
Revenue | Amount | |
General donations | ||
Appeals | ||
Monthly giving (12-month average) | ||
Fall gala | ||
Program fees—Head Start | ||
Program fees—youth mentoring program | ||
Program fees—parenting classes | ||
Program fees—senior yoga | ||
Program fees—food and diaper bank | ||
In-kind donations | ||
Total Revenue | ||
Expenses | Amount | |
Salaries | ||
Payroll taxes | ||
Insurance | ||
Marketing and public relations | ||
Office supplies | ||
Postage and printing | ||
Professional services | ||
Program supplies | ||
Technology and phone/internet | ||
Total Expenses | ||
Net Gain/Loss | $0 |
Annual Budget: Year 2
Revenue | Amount | |
General donations | ||
Appeals | ||
Monthly giving (12-month average) | ||
Fall gala | ||
Program fees—Head Start | ||
Program fees—youth mentoring program | ||
Program fees—parenting classes | ||
Program fees—senior yoga | ||
Program fees—food and diaper bank | ||
In-kind donations | ||
Total Revenue | ||
Expenses | Amount | |
Salaries | ||
Payroll taxes | ||
Insurance | ||
Marketing and public relations | ||
Offices supplies | ||
Postage and printing | ||
Professional services | ||
Program supplies | ||
Technology and phone/internet | ||
Total Expenses | ||
Net Gain/Loss | $0 |
Justify your budget choices:
Do you need help with this assignment or any other? We got you! Place your order and leave the rest to our experts.