SCSM FINANCIAL STATUS AT THE END OF 2017

 

SCSM TREASURER’S REPORT – 2017

PREPARED BY ARVID M. DANIELSEN

We are once again thankful for the way the Lord has blessed the ministry of Spiritual Care Support Ministries (SCSM).  Our income in 2017 was nearly $30,000 higher than in 2016, but our expenses were also higher than in 2016 by approximately $11,000.  This resulted in a net income of approximately $18,000.  Part of our income in 2017 was an $8000 grant that we received from the Loeb Foundation specifically for new computer / printing equipment for the new SCSM center.  This equipment was purchased but not paid for until the beginning of this year, so the net income would still have been approximately $10,000 for last year had it been paid for last year.

As in all previous years, the SCSM Board (including the President and CEO) are all “volunteers” and do not receive any compensation.  For 2018, we now have three part-time employees (an administrator, a receptionist, and a volunteer coordinator).  We continue not to charge for our services but rely primarily on donations from individuals and churches to meet our needs.  May God bless you as you continue to pray for and support this Ministry.

The Table below shows the Income and Expenditures for each year since we opened in 2004.  The 2004 data reflects only a partial year (8 months) that the SCSM Center in Warrenton was open.  Overall, for this 13 year – 8 month period, our Total Income is now just over $1,250,000.  Our Total Expenditures for this same period are about $27,000 less.

The charts below show the breakdown of our total income between Donations, Fundraisers, and Grants for 2017.

The following chart shows the distribution of expenses in 2017.