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Accountability Report
 
 

It is a pleasant duty of gratitude and service to give you this brief financial accountability report for the 2007 fiscal year.

The work of the Association is described in our mission statement. You can read it in every issue of the Bulletin.

We bring Mary conceived without sin to the Catholics of North America. She reveals God’s fatherly love and her own motherly concern.
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, 2006, to June 30, 2007.
Income
Donations
$8,883,238
Memberships
814,453
Mass Offerings
57,182
Shrine
55,182
Other Income
128,023
Total Income
$9,938,078


Services and Expenses
Promoting Devotion to Mary
$4,965,899
Vincentian Community Works
1,234,000
Pastoral Ministry
1,834,653
Support of the Shrine
582,708
Fund Raising Expenses
936,889
Management Expenses
564,034
Total Services and Expenses
$10,118,183

The last two items of expense are for management and fund raising. As you can see, they add up to a little less than 14% of the expenses. This means that over 86% 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.

Pie Graphic of the Associations Expenses for 2007

All this information is part of our annual Financial Report, available on request.