FY2015 Financials – Income & Expenses

The EEFC closed our 2015 fiscal year in September. These charts summarize the EEFC’s FY15 operating income and expenses.  Scholarship donations and other restricted income are not included. Click on either graphic to see it full size.

Summary:

Our FY15 operating deficit was $45,483. About $35,000 of that was due to very low enrollment at both camps. We ended FY15 with assets of roughly $160,000 compared with $167,000 in FY14, thanks to a number of large donations. We recorded very generous scholarship and nest egg donations of approx $44,000 – restricted income that is not included in the operating budget until it is awarded.  Donations largely offset our operating loss, so our assets (funds on hand on Sept 30, 2015) declined by only $7K year over year.

Notes:

Prior year FY2014 charts are here. FY2010-2013 charts are here. Inner rings have more detailed categories, outer rings are summary categories.  Inner ring colors are intended for comparison with prior charts. Changes in categories are a result of changes in EEFC’s budgeting and accounting procedures. Questions or suggestions can be emailed to the board liaison at board@eefc.org.

Income chart

• Operating income includes scholarships awarded in FY15.  In prior year charts scholarship awards were included in the Tuition slice. 

Expense chart 

• Work Exchange and Tuition Waivers are not expenses, they are included in Camp rent & food