Financial Well-Being

Tuesday, October 15th, 2013

Recently elected Board member Jennifer Pendergast will be taking on the role of Assistant Treasurer this October. Jennifer will become the primary Treasurer in January 2014. Congratulations Jennifer!

This month, we hired a new accounting firm NFP Partners (www.nfppartners.com) to handle all of our bookkeeping and accounting needs. They have been working on finalizing our IRS 990 tax reporting for 2012 over this past month, which will be available for review on our website. We will also have detailed monthly financial reports from NFP Partners that will be available soon for anyone to review at the center.

Mahasukha Center’s current operations’ balance is $33,766 thanks to multiple monthly donor recommitments. This is well above our projected 2013 Budget balance going into October, which was expected to be at $23,509. In addition, we have a retreat fund balance of $32,790. Our retreat scholarship program is currently undergoing changes and will re-open soon for scholarship applicants.

We are thankful to the many donors who have helped keep Mahasukha’s doors open, and allowed the center to continue to thrive with classes and special events that contribute to people’s lives.

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