Our 2014 year-end fund balance was $145,349.63. With a beginning balance of $123,202.18, we surpassed the $125,000 milestone in fund balance in 2014, another major financial accomplishment. We received $25,001.87 in donations, experienced $6,548.62 in investment gains as the stock market had another good year, paid $1,925.89 in investment and management fees, and disbursed $7,477.15 in grants and scholarships.
At December 31, 2014, we had 171 donors on record, up from 151 one year ago, and 100 of them are at the Silver level or higher ($100+ in donations). We have three Sapphire level donors, up from one a year ago, with Thomas Anton and Donald and Dee Swanson joining GripTrac Inc, reaching the $10,000+ level in donations.
Taste of Ravenna 2014 produced total revenue of over $8,500 and a net income of approximately $5,573. Approximately 185 tickets were sold to the event. This was our best event yet in terms of fundraising and attendance and will help us grow our fund balance and also provide us some opportunities for grants and scholarships in 2015 and beyond.
Our 2014 year-end checking account balance was $1,607.31, with no outstanding transactions. This is after all Taste of Ravenna bills have been paid, and after we deposited a whopping $5,573 in proceeds from Taste of Ravenna into our fund.
Current Fund balance:
Our first quarter 2015 statement was recently released. Our fund balance as of March 31, 2015 is $148,686.12. First quarter contributions were $172, investment activity resulted in gains of $3,710.04, and administrative fees of $545.55 were deducted.
Our checking account balance as of the April 15, 2015, statement is $1,257.31. There are no outstanding checks and all known bills including the PO box and website fee have been paid.
Recent bills paid:
The last check written was $350 to Sickles Consulting, 2/10/2015.
Recent donations of note:
4th quarter 2014 (if not already noted in 12/16/2014 meeting report):
Thomas Anton, $3,000
Kenneth and Mary Patterson, $1,500
Mr. and Mrs. Terry Farr, $1,000
Jack and Mary Arends, $500
Dennis and Barb Emery, $500
Since April 1, 2015:
Mr. and Mrs. John C. Link, $500 (Link scholarship)