FY13 Financial Report

And we thought last year was great! Fiscal Year (FY) 2013 became the year of continuous blessings. Here are some of the highlights:

FY13 Income and Expenses

AR13 Financials Graph

A Special Gift and Increased Grants

We began the year with a special gift from a long time donor who responded to our goals to improve our infrastructure and become more fiscally strong. Also contributing to a positive year was the increase grant revenue by $25,000.

Endowment

While our Endowment grew from investments, the board wisely assisted in establishing a new CMC Endowed Fund at the Greater Cedar Rapids Community Foundation.  Now we have another way for our supporters to contribute to our long term financial sustainability and receive some great tax benefits at the same time.

Mercy Medical Center Partnership

While the cost of doing business continues to rise, we were able to implement some cost savings that resulted in an almost $20,000 savings over the prior year. We thank our great partners, Mercy Medical Center, for ensuring that we can provide improved professional counseling services at an improved rate!

Looking Forward to the Coming Year

We eagerly approach the new fiscal year with anticipation for how we can invest in our infrastructure (improved technology, database and facilities). We are now in a position to take a giant leap into the 21st Century and become even more efficient and effective in our service delivery. This is due to the generosity of you, our donors, sponsors, grantors, and supporters. It’s all about the mission and serving!

 Read more of our FY13 Annual Report.

Leave a Reply

Your email address will not be published. Required fields are marked *