As members of our Lady’s Association, we are a group of diverse people who come together to do our Lady’s work. I am pleased to give you this brief financial accountability report for the 2008 fiscal year. I cannot thank you enough for your many prayers and continued financial support; especially with the economy being as troubled and unsettled as it has been in these past months.
The work of the Association is described in our mission statement. You can read it in every issue of the Bulletin, and I’d like to repeat it here.
We invite members to greater holiness,
- attending to their pastoral and spiritual needs
- forming them in the Christian life
- involving them in the apostolate of charity especially
toward the poor and the most abandoned.
The National Shrine of the Miraculous Medal is our center of
prayer.
Your support helps accomplish our mission and makes you a partner
in that mission. Here is a brief summary of where our funds come
from and where they go. They cover our fiscal year July 1, 2007,
to June 30, 2008.
| Income |
| Donations |
$8,960,844
|
| Memberships |
844,376
|
| Mass Offerings |
198,282
|
| Shrine |
70,401
|
| Other Income |
70,542
|
| Total Income |
$10,144,445
|
Services and Expenses |
| Promoting Devotion to Mary |
$5,034,594
|
| Vincentian Community Works |
1,202,000
|
| Pastoral Ministry |
1,916,443
|
| Support of the Shrine |
554,577
|
| Fund Raising Expenses |
910,748
|
| Management Expenses |
597,783
|
| Total
Services and Expenses |
$10,216,145
|
The last two items of expense are for management and fund
raising. As you can see, they add up to a little less than 15% of
the expenses. This means that over 85% of your contribution
goes directly to the Association’s work.
A picture is worth a thousand words. The pie chart below shows
where your donation dollar goes when you give to the Association.
All this information is part of our annual Financial Report,
available on request. |
