KCC's Operating Costs
How do we pay the bills? Each year the KCC bookstore generates about $1,700, and retreats contribute another $46,000 toward our overhead. KCC receives $6,000 in rent from the urban center residents, and we earn about $150 in interest on the money we have in the bank. Based on our current revenue and expenses, it would take 100 people giving $78.00 per month to cover the rest of KCC’s core operating costs.
Portland
|
Goldendale
|
|
Lama’s Salary &
Benefits
|
$41,810
|
|
Caretakers’ Stipend &
Benefits
|
$29,825
|
|
Facilities & Vehicles
|
$17,080
|
$26,050
|
Utilities, maintenance, insurance, taxes
|
||
Office & Administration
Expense
|
$5,020
|
$1,230
|
Volunteer Insurance
|
$1,700
|
$3,570
|
Connecting with the Lineage
|
$6,250
|
|
Lama travel to India, hosting visiting teachers,
support to Bokar Monastery
|
||
Legal & Bookkeeping
Fees
|
$6,000
|
|
Committee Budgets
|
$3,900
|
4,500
|
Total
|
$81,760
|
$65,175
|
GRAND TOTAL
|
$146,935
|
|
Hypothetical Future Operating Costs
The second table is a hypothetical using very rough (and modest) numbers to illustrate the increased costs of owning a new urban center. The figures aren't an attempt to project actual costs, but placeholders. We didn't know whether we'd be hiring more teaching staff or operational staff (maintenance, office, volunteer coordinator, executive director), but it seemed likely that we'd have some new staff. The figures on mortgage and new operating costs are likewise just placeholders--it's easy to think of scenarios where the cost is more or less depending on the fundraising we do before acquiring a center and the size of the new center we acquire. Using these very rough figures, the per-member monthly costs rise to $160 on those same 100 people. As (or more importantly if) the sangha grew, the per-person costs would drop--$107/month at 150 people, and $80/mo with 200 people.
Portland
|
Goldendale
|
|
Lama’s
Salary & Benefits
|
$41,810
|
|
Caretakers’
Stipend & Benefits
|
$29,825
|
|
New Staff or Teaching
Position
Salary, payroll taxes, and benefits
Facilities & Vehicles
|
$45,000
$17,080
|
$26,050
|
Utilities, maintenance, insurance, taxes
|
||
$500,000
Mortgage on New Center
New Center Operating Costs
Utilities, maintenance, insurance
Office
& Administration Expense
|
$30,400
$24,000
$5,020
|
$1,230
|
Volunteer
Insurance
|
$1,700
|
$3,570
|
Connecting with the Lineage
|
$6,250
|
|
Lama travel to India, hosting visiting
teachers, support to Bokar Monastery
|
||
Legal
& Bookkeeping Fees
|
$6,000
|
|
Committee Budgets
|
$3,900
|
4,500
|
Total
|
$181,160
|
$65,175
|
GRAND TOTAL
|
$246,335
|
Got this clarification in an email..thought I'd share:
ReplyDeleteA clarification:
Bonnie Wilson (head bookkeeper) recently reported that we currently have 76 people pledging.
While it is correct that at one time there were more people listed as "dues paying members", the consistency of that income was not nearly as good as it is now.
Back then, it was not so uncommon for a person to became a "dues paying member", and soon drift away from making payments.
Two things have changed this for the better:
1. Our current pledge system requires a paper pledge form to be completed and periodically (about every 3 months) we set up a table during the break at puja to answer questions about our system. The result seems to be more careful thought about an individual's pledge.
2. We now emphasize that we prefer pledges to be paid with direct debits from a bank acct or credit card. Quite a number of people are pledging this way, which greatly enhances our efficiency and ability to predict income.
Our average pledge doesn't currently meet what it costs to maintain both our urban & rural centers, so we still have some work to do--but at least there's progress!
--Kathleen