kadampa center, raleigh nc for the year ending december 31, 2012

Kadampa Center, Raleigh NCFor the year ending December 31, 2012

Annual Financial Report

• Approved Budget vs. Actual YTD• 2012 Planned Income• Actual Income as of 12/31/2012• 2012 Planned Expenses• Actual Expenses as of 12/31/12• 2012 Annual Appeal Results

Approved Budget vs. Actual YTD

Approved Budget

Actual

Income $189,200 $214,597

Expenses $186,100 $171,056

Surplus (Deficit) $3,100 $43,541

Checking Account balance @ 12/30

$49,550

2012 Planned Income

Annual Appeal 84,000 44.4%

In-kind Giving 20,000 10.6%

General Dana – Undesignated 19,000 10.0%

Khensur Rinpoche Visit 17,000 9.0%

Sunday & Class Donations 15,000 7.9%

Visiting Teachers 15,000 7.9%

Tara Statue Sponsorships (5) 10,500 5.6%

Bookstore sales (Non-Dharma Items) 5,000 2.6%

All Other Income 3,700 2.0%

Total Planned Income $189,200 100%

Actual Income to date

Annual Appeal 72,652 33.9%

Annual Appeal 2013 – Received in December

33,115 15.4%

In-kind Giving 15,811 7.4%

General Dana – Undesignated 24,618 11.5%

Sunday & Class Donations 16,650 7.8%

Retreats, Special Events, Workshops, Pujas

11,692 5.4%

Visiting Teachers 13,351 6.2%

Tara Statue Sponsorships 11,842 5.5%

Bookstore sales (Non-Dharma Items) 3,648 1.7%

All Other Income 11,218 5.2%

Total Income as of 12/31/2012 $214,597 100%

2012 Planned Expenses

Sangha & Staff (Salary, taxes, housing, travel, auto and health insurances)

104,300 56.0%

Utilities, Maintenance, Office Supplies, Insurance, Repairs, Retail Sale expense

23,900 12.8%

Mortgage (Principle & Interest) 22,800 12.3%

Visiting Sangha expenses 18,000 9.7%

Financial Development expenses 10,000 5.4%

Pujas, Supplies and other spiritual program expenses

7,100 3.8%

Total Planned Expenses $186,100 100%

Actual Expenses to date

Sangha & Staff (Salary, taxes, housing, travel, auto and health insurances)

97,836 57.2%

Utilities, Maintenance, Office Supplies, Insurance, Repairs, Retail Sale expense

28,714 16.8%

Mortgage (Principle & Interest) 22,830 13.3%

Visiting Sangha expenses 6,773 4.0%

Financial Development expenses 5,033 2.9%

Committee expenses 681 .4%

Pujas, Supplies and other Spiritual program expenses

9,189 5.4%

Total Expenses as of 12/31/2012 $171,056 100%

2012 Annual Appeal Results

Pledge Goal was $84,000113 donors pledged a total of $91,008As of December 31, $72,652 has been

receivedThank you to all who are assuring the future

of the Kadampa Center with Annual Appeal donations.