WWCCR 2007 Financial Report
by Virginia King
WWCCR Executive Director
March 2008 - For the first time in many years, WWCCR
finished 2007 "in the black." This was in large part due to payroll cuts that
the staff took in order to "make ends meet." Between their willing sacrifice and
the generosity of many donors, we ended the year with positive cash flow. The
Board of Directors and the staff are committed to maintaining a balanced budget.
As good stewards of the gifts that God provides, we are committed to the careful
and responsible management of the resources entrusted to our care.
At a time when the Lord is opening many doors of opportunity
for the advancement of the WWCCR Vision and Mission, we are aware that there may
be difficult decisions to make, in order to not overspend the resources we have
– not only financial resources but also the time and energy of our many
dedicated volunteers.
We are confident that if every one of you who reads this
newsletter responds to the best of your ability to give of your time, talent
and treasure, the work of WWCCR will not only be maintained but will make
dramatic strides forward in 2008 and beyond.
To God be the glory!
2007 Revenue
| Donations |
$229,273.13 |
| Bookstore |
$ 30,340.00 |
| Event Registrations |
$ 28,812.21 |
| Misc. Income |
$ 6,953.76 |
| Total Revenue |
$295,379.10 |
2007 Expenses
| Fundraising |
$ 3,694.66 |
| GLEANINGS |
$ 10,149.17 |
|
Payroll (4 employees)* |
$132,548.68
|
|
Program Expenses
|
$ 88,095.02 |
|
Bookstore |
$ 22,399.04
|
|
Operating expenses** |
$ 33,957.27
|
|
Total Expenses |
$290,843.84 |
Difference $ 4,535.26
* includes taxes and benefits
**includes office and occupancy expenses
Form 990 is the annual report that WWCCR makes to the IRS,
which outlines in detail where our revenues come from and how we spend each
penny. The Form 990 for 2007 is due to be filed with the IRS on May 15, 2008 and
will be available for anyone to review after that time. Just let us know if you
want to see a copy of that document.
