April 4, 2018 at 5:30 p.m.
2015 Annual report: Finances of HSJ Online
At the April 8th first annual meeting for HSJ Online, David Webster presented a review of the finances and goals for HSJ Online. Here is what David touched on:
2015 HSJ Online Business Review: Numbers for Our First Year of Existence
Note: HSJ Online is not-for-profit and under the Media Division of Heritage of Hope.
The people behind the scenes:
15 People Who Devoted Time In Helping
3 Others Who Gave Extremely Valuable Advice (Legal, Website, & Financial)
4 Advisory Committee Members Providing Multiple Experiences
The donations:
2 Matching Grants: $10,000 (Tim Andrews) + $5,000 (Hawcreek-Flat Rock Endowment) = $15,000
1 Town of Hope Economic Development Income Tax grant: $2,000
22 Others Making Donations From $40 to $3,500): $11,990
1 smaller monthly check from an individual each month that adds up during the year
1 substantial check from an individual's charitable trust)
The advertising:
8 Short-Term Ads: $340
4 Long-Term Ads: $1,160
Income totals:
$30,490 Received In 2015 Toward Operating HSJ Online
Expenses:
1 Hosting Site: $600 (6 Months Gifted)
2 Staff Members: Content Coordinator $7,800 & Business Coordinator $1,950 = $9,750
2 Freelance Writers: $375 + $225 = $600
1 Graphic Artist: $30
4 Small Orders of Office Supplies (Checks, Business Cards, Envelopes, Stamps, P O Box): $99.59
2 HSJ Online Ads: Heritage Days $500 & Hauser Athletic Program $70 = $570
Note: Such monies come through our advertising efforts, not donations.
Expenses total:
$11,649.59 HSJ Online Operating Expenses For 2015
Remainder:
$18,840.41 Starting Balance For 2016
2016 adopted budget:
$14,040 Anticipated Budget For 2016
Goals for 2016
To continually focus on visibility, credibility, and reliability
To add staff for more coverage
To be more active in seeking advertisers
To increase site numbers by 25%
To maintain a $10,000 balance through donations and advertising[[In-content Ad]]
