Dignity NoVA is a non-profit religious organization incorporated in the

Commonwealth of Virginia.  As such, all contributions to D/NoVA, be they

financial or in kind, are not only appreciated, but in fact required to keep

our organization functioning.  We simply could not exist without the many

hours of time that many people freely give to D/NoVA or without the

financial support of our members.

 

Generally, a mass on Saturday night involves a certain amount of fixed

expense as follows:

 

Church rent………………………..………..            75.00 each week

Presider (when not donated)………………            75.00 each week

Music (when not donated)................….....           75.00 each week

“Blade” advertising ………………………..      @ 25.00 each week

Insurance……………………………………      @15.00 each week

Liturgy Supplies such as hymnals and wine.  @ 15.00 each week

Other expenses such as voice mail, flowers,

      office supplies, taxes, PO Box, etc……….@20.00 each week

 

TOTAL WEEKLY EXPENSES:       $300.00

 

AVERAGE WEEKLY INCOME:      $190.00

 

                 LOSS EACH WEEK:       $110.00

 

                During the period 1/1/07 through 10/31/07, D/NoVA sponsored 44 masses

                   which were attended by an average of 24 people who contributed an average of

               $190.00 each week.    

 

 

The Belle Fund was established in honor of Mark J’s mother, Belle.  The Belle Fund was established to assist other Dignity chapters, and has evolved to include D/NoVA donations to other worthy organizations, causes, and persons as determined by the Board of Directors not only as part of our tithing responsibly, but also as a means to increase public awareness of our chapter.  The Belle Fund is funded by a portion of our general revenues as well as by contributions specifically designated for it and by contributions to D/NoVA for specific causes such as our recent fund-raising party for the benefit of certain animal welfare organizations. 

 

D      From 01/01/2007 through 10/31/2007, D/NoVA made the following donations through the Belle Fund:

02/11/2007        Assistance to an individual                     $200.000

4/16/2007        To Dignity USA for the Convention                         150.00

06/01/200     In Memoriam Contribution to the

                                    Special Olympics                                  50.00

06/03/2007        Mercy Corps in honor of Paul W.                          100.00

06/03/2007        St. Clement Church in honor of Laura N.   100.00

06/06/2007        NOVAM Membership & in honor of Eva A  250.00

09/23/2007        Dignity USA in honor of Tom Y.                              50.00

10/26/2007        Humane Society of the USA                               185.00

10/26/2007        Best Friends Animal Society                                  80.00

10/26/2007        Farm Sanctuary                                                 130.00

10/26/2007        Animal Welfare Institute                                      200.00

 

TOTAL EXPENDITURES FROM THE BELLE FUND:                $1,495.00

 

As of 10/31/2007, the Belle Fund’s assets total $4,224.50.

 

__________________________________________________

Dignity NoVA Financial Statement

January 1, 2007 through October 31, 2007

 

In order to simplify compliance with new IRS reporting requirements for small

non-profit religious organizations such as D/NoVA, the board earlier this year

changed our accounting from a fiscal year basis to a calendar year basis

effective January 1, 2007.  Failure to comply with these new IRS reporting

 instructions would result in a loss of our non-profit status.

 

From 1/1/2007 through 10/31/2007, D/NoVA’s Operating Expenses were:

 

Church Rent                                                      $3,450.00

Presiders                                                           2,325.00

Musicians                                                          1,200.00

Washington Blade Advertising                               2,111.10

Contributions to Belle Fund

from General Revenues                  1000.00

Directors  & Officers Insurance                                  800.00

Flowers                                                                  335.94

Lit Supp, Hymnals, Sheet Music, etc                         742.30

Web site                                                                  29.96

Voice Mail                                                              112.45

Office Supplies                                                       264.51

New Banner                                                            286.45

Miscellaneous                                                         104.86

VA Incorporation Tax                                                 25.00

15^th Anniversary Expenses                                      1,314.70

Donations from the Belle Fund                               1,495.00

 

TOTAL EXPENSES.......................                     $15,597.27

 

Our Income during this period was as follows:

 

Weekly Collection                                                8,444.00

Payments and Contributions

to the Belle Fund                                        990.00

Dignity Washington Payment

for their share of the Blade Ad                      967.90

Dignity USA Chapter Support                                     82.50

Interest                                                                  408.88

 

TOTAL INCOME..............................       $10,893.28

 

As of 10/31/2007, the General Account has a balance of   9336.93

                                      

                                       The Belle Fund has a balance of  4224.50

 

TOTAL ASSESTS as of 10/31/2007…………………….$13,561.43

 

These funds are held in a $10,000 CD paying 5% due 3/24/08 and two checking accounts.

 

 

 

 

 

Based on a decision of the Board of Directors, effective January 1, 2007, D/NoVA's new fiscal year runs from January 1 through December 31.  During the first quarter of FY 2007, i.e., January 1,  2007 through March 31, 2007, D/NOVA sponsored 13 masses attended by a total of 276 people.  D/NOVA's expenses during this period which included rent, presiders, music, advertising, flowers, hymnals, etc. totaled  $3,689.32.   Our income during this period which included donations and D/Washington's share of our advertising expenses totaled  $3,016.35. 

 

D/NOVA's assets and net worth as of March 31, 2007 when all of our  expenses were paid totaled $17,074.02 which is held in checking accounts and CDs.  D/NOVA had no liabilities as of March 31, 2007.

 

The first quarter is the time when we generally have higher attendance than during the summer months.  The fact that our income fell over $650 short of our expenses during the first quarter of FY 2007 suggests that D/NOVA will need to be very prudent in our expenditures in the next few months as we need to be prepared to cover our fixed expenses in the summer months when our income plummets.

 

As always, the commitment of time and talent and treasure by members of D/NOVA sustain our organization.  Your dedication and donations are vital and most sincerely appreciated. 

 

Oct.1, 2006 to Dec. 31, 2006

 

From October 1, 2006 through December 31, 2006, D/NOVA sponsored 14 masses attended by a total of 290 people.  D/NOVA's expenses during this period which included rent, presiders, music, advertising, flowers, hymnals, etc. totaled  $3,892.34.   Our income during this period which included donations and D/Washington's share of our advertising expenses totaled  $3,147.60. 

 

D/NOVA's assets and net worth as of January 2, 2007 when all of our 2006 expenses were paid totaled $17,167.18 which is held in checking accounts and CDs.  D/NOVA had no liabilities as of January 2, 2007.

 

The first quarter is the time when we generally have higher attendance than during the summer months.  The fact that our income fell almost $750 short of our expenses during the first quarter of FY 2007 suggests that D/NOVA will need to be very prudent in our expenditures in the next few months as we need to be prepared to cover our fixed expenses in the summer months when our income plummets.

 

 

DIGNITY/NORTHERN VIRGINIA

FINANCIAL REPORT

OCTOBER 1, 2005—SEPTEMBER 30, 2006

 

 

Dignity/NOVA operates on a fiscal year that runs from October 1 through September 30. 

 

At the close of business on September 30, 2006, Dignity/NOVA's financial condition was as follows:

 

                                                Budget                                 Actual

      FY2006 Expenses        $16, 234                           $16, 672.07

 

      FY2006 Income             $16, 224                           $15, 220.95

 

Our actual expenses exceeded our actual income by about $1,450.   However, we had sufficient funds on hand to cover the short fall.

 

As of October 1, 2006, Dignity NOVA had no liabilities.  We have our assets in two distinct funds.  One fund is for our operating expenses and the other fund, “The Belle Fund,” is for our tithing to other worthy causes.  As of October 1,  our total net assets were $17,728.91 which includes operating funds in a checking account and two CDs totaling $14,969.41  and Belle Fund assets of  $2,759.50

 

Further information will be provided after the new Board of Directors takes office on November 1, 2006 and adopts a budget for FY2007.