Sacred Places Spring 2011 | Page 20

Annual Report Overall Financial Picture Like many non-profit organizations, Partners for Sacred Places faced financial challenges in 2010. However, we recruited many new funders and donors during the year, and developed new programs that are generating excitement and support. This momentum continues in 2011. Individual and Membership Giving 2010 saw the launch of Partners’ Giving Societies, named in honor of several supporters and leaders who played an important role in Partners’ founding and early years. The Societies encourage our donors to give generously each year, and across all five giving levels, nearly 40 members have joined. We are enthusiastic about the support we’ve received so far, and anticipate that the number of Giving Society members will increase in 2011. We also received a challenge gift from a new donor, and are approaching individual donors to match that gift. In addition, we have 100% giving participation from Partners’ Board of Directors. Foundation Funding Five institutional funders gave to Partners for the first time in 2010, and many of our long-time supporters continued their giving. Some of this giving is supporting Partners’ two newest initiatives: the Economic Halo Effect of Historic Sacred Places, and Arts in Sacred Places. Other gifts and grants are underwriting the core programs in our three regional offices. Earned Income Partners’ New Dollars/New Partners for Your Sacred Place training program, and related specialized consulting, are equipping hundreds of clergy and lay leaders with the skills and resources to manage their properties, provide crucial community services, and raise funds. Importantly, these programs also provide a significant percentage of Partners’ income. Partners provided this training in eleven cities to nearly 150 congregations in 2010 alone. Partners also instituted a new program that encourages businesses – primarily architectural or restoration firms – to sponsor New Dollars/New Partners training, particularly in Philadelphia and Chicago. Revenue 2010 Expenses 2010 1% 10% 17% 17% 19% 59% 73% 4% Grants: Government and Foundations...... 59% 4% Corporate & Professional Contributions...... Memberships and Individual Gifts..............19% Earned Revenue..........................................17% 1% In-kind and Interest Revenue.......................... 19 • Sacred Places • www.sacredplaces.org • Spring 2011 Programs (includes Capital and Planning Grants)......73% General Operations....................................17% Development..............................................10%