Note
Spent a bunch of time today preparing 2017 annual report for Navigation Games, by getting all our finances organized in QuickBooks Online. Fun!
Our main goal for 2017 was to expand our outreach to kids in the Cambridge area and beyond, with a willingness to take a loss to do so. We anticipate that investing in this outreach up front will enable us to charge more for our programs in coming years and/or get grants to support our work to create a more sustainable future.
We provided 462 hours of programming, reached 1488 kids, with 8,528 participant-hours of orienteering-related activities.
Looking ahead, we would like to get to financial sustainability, and improve the management and operations of the non-profit.
Total income was $26,093, and expenses were $30,352, for an operating deficit of ($4,258). Note that we did not receive a $3000 grant I had been expecting to get for the Mayor's Program, which would have made up the bulk of that deficit. (We did just find out that we got the grant for this coming summer.)
Most of the income was donations: we received a grant of $1,000 and donations of $16,697 in cash and $2,804 in materials and supplies.
Most of the expenses were for personnel: $24,439 paid for employees, and an additional $485 for professional help and a contractor.
Our programs brought in $5,591 in payments from schools, after-school classes and the Forest-X events.
The in-school programs reach the most children, efficiently.
The summer program looks most expensive in terms of dollars per kid or program hour, but it also is the way that we reach out to many other youth organizations, and develop new curricula and projects - it was the jumping off point for the after-school teams for example. As a way to fulfill our mission, it is a good investment in both long-term involvement of kids, and breadth of reach. It was also the way that we were able to bring Ethan on board initially.
The public events have the potential to bring in more revenue and are fairly cost-effective to put on. Corporate events could also bring in revenue in the future.
We started with $7,056 in assets (bank, less credit card liability), and ended with $2,857.