June 25, 2021

If You Haven’t Donated, Now Is The Time

Your committee appreciates everyone’s financial support. Even though Spring Street Center is able to provide some of our income needs. It is not able to cover all costs. Your donations, on average, cover only 51% of our costs.

Our goal for 2021 is to have everyone contribute something toward the upkeep of our center.  By giving a little each month, you become a part of  a membership dedicated to preserving our building for future Subud members. If you have not yet donated this year, please do so! If you need a reason to donate, please read the rest of this report. Thank you!

Future Expenses

We are trying to save for our next big project repairing the siding on the South side of our building, by replacing the siding and shingles. In attempting to put together an annual budget, I can see that with the current projected income from iTrips and member donations, we will need to fund raise further from members to cover these costs. The good news is that the costs for materials seems to have peaked for now. We will need to obtain an estimate closer to the time that the work is scheduled. Current cost estimates are around $22K.

Building Repairs Fund

We are looking for members who would be willing to contribute over and above their regular contributions so that we can both pay off our SPNW loan and build up savings for the next repair.  iTrip bookings for the remainder of the year will be able to cover some of our costs, but we anticipate that we will need additional contributions from the members. Earmark these donations for the building fund.

I pledge $500 toward this effort and am looking for matches this pledge, and to others who would be willing to put up matching funds.

Building Rentals

We had 7 rentals in June bringing in rental income of approximately $4,472.31. This will be deposited in July after the income statement is finalized. 

We have not yet begun Hall Rentals.

Donations

Donations through June included one large annual donation, which will allow us to increase our monthly donation to the region and pay back a portion of our loan to Subud PNW. 

Thank You to all who contribute. We hope that members who have not donated previously will now consider joining those who do so already.

If you believe we can handle our expenses through member contributions, please consider this:

On average this year, donations have covered roughly one half of our expenses. The rest has been covered by our enterprise. Every dollar donated by a member is appreciated.

Important! New name for donation checks to Subud Greater Seattle

Use only “Subud PNW – Seattle Center” on any future donations to our center.  Bank rules, recently changed, are delaying deposits.  Please be sure to change the “Pay To The Order Of” section of your handwritten or automatic withdrawn check from your account and use this name. If you intend to make your donation to the Region, please earmark your check Subud PNW.

Thanks for those who have setup monthly donations

Thanks to all our monthly donators who have a recurring donation sent from their bank.  You save on envelopes and stamps.  And, you don’t have to remind yourselves to write a check. These regular checks really help us meet our monthly commitments to the region and pay for our use of our facilities. 

If you’d like to know how to set up a recurring donation to our group through your bank, please contact me, Oswald Norton.