If You Haven’t Donated, Now Is The Time

Your committee believes that all members should help contribute to the upkeep of our center, even if they are able to only make a small contribution. Even though our Spring Street Center enterprise 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 need to repairing the siding on the South side of our building within the next 18 months.

Through a combination of $2,628 received from members and $3000 of the income received from our iTrips rentals we now have $5628 saved for that project.  We now need to raise an additional $16,372 before the project can begin.

Building Repairs Fund

We are grateful for members who would have contributed –  over and above their regular contributions – to this fund. 

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.

Building Rentals

We had 8 rentals in August bringing in rental income of approximately $4,722. This will be deposited in September after the income statement is finalized. From the income received, we will retire $4,000 of our debt to Subud PNW, leaving us with $1000 of that loan to repay.

We have not yet begun Hall Rentals.

Donations

Donations in August were lower than average monthly donations.  If you missed sending in your contribution in August, please consider increasing your donation in September. 

Your committee wishes to thank all members who contribute, no matter the size of your donation.

New to Subud? How to contribute

If you are new to our group and looking for a way to contribute, here’s how:

Monthly contribution from bank

1. Setup a recurring payment to “Subud PNW – Seattle Center” 
2. Have the payment sent to:

Subud PNW – Seattle Center

1101 15th Ave

Seattle, WA 98122-4523

Single contribution either from bank, or by mail:

1. Setup a payment to, or make your check out to “Subud PNW – Seattle Center” 
2. Send to:

Subud PNW – Seattle Center

1101 15th Ave

Seattle, WA 98122-4523

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.

SGS Treasurer Summary Report: October

Income and expenses

Building Rentals

We had a no AirBnB or Hall Rentals in October. Income from our new relationship with iTrip is not expected until the beginning of 2021. 

Donations

Donations dipped in October. We have been able to average $1,816 a month in donations, due primarily to a couple of members providing large donations, and, due also to our regular contributing members. Thank you to those who contribute! Your steady level of support has helped us stay within our 2020 budget needs during this extraordinary time.

October Expenses

Our expenses have been kept to the minimum required to keep the building healthy and looking great for potential renters. We are able to continue to pay for cleaning, gas, electricity, water and garbage. 

Our main outflows in October were related to the September water damage. The cost for the cleanup was $5,485. Farmers Insurance reimbursed us for $4,485 of the costs. We paid the $1,000 deductible.

Future Expenses

Your committee continues to monitor and keep our costs as low as possible. There are some expenses needed to prepare the building for our new rental agency, iTrips. iTrips is also helping us keep costs low until we start to generate income. We will continue to manage our costs to drive them down in any way we can. 

Your Donations As Important As Ever

Your committee appreciates everyone’s financial support of our center during this time of great transition for all of us.  Your continued donations are vital if we are to cover our costs through the end of the year.  Thank you for your continued support.

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.

Pledges still being accepted

Please fill out a pledge form online if you haven’t already.

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 setup a recurring donation to our group through your bank, please contact me, Oswald Norton.