LWVPBC and LWVPBC Education Fund – First Quarter 2020 Financial Report

First quarter of our fiscal year 2020 (April 1, 2020 thru June 30, 2020) performance remained strong for LWVPBC and our Education Fund, even though operations were curtailed by the Corona pandemic. We devised alternative ways to reach out to members and others in Palm Beach County, and the generous donations from members and others kept us financially sound and active. As you can see from the charts, combined income for LWVPBC and the Education Fund was less than budgeted for the quarter, but combined expenses were even lower and we ended the quarter with net income of $32,218.  Some items of note: Approximately 40% of Budgeted Income and Expenses were associated with the planned in person 100 Anniversary Event, which was canceled.  We will celebrate with a virtual event in the second quarter. Increased Donations from members, organizations, and sponsors in support of the League’s various causes accounted for 84% of

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LWVPBC by the Numbers

LWVPBC by the Numbers

Our League has grown tremendously—in members, in issues and programs, in importance to Palm Beach County.  Our budget has grown complicated.  To make it easier to understand how we are doing financially, we have simplified our presentation: Our League has grown tremendously—in members, in issues and programs, in importance to Palm Beach County.  Our budget has grown complicated.  To make it easier to understand how we are doing financially, we have simplified our presentation: Income derives from: Your Membership dues Our LWVPBC Education Fund manages funds from donations, gifts, and grants and distributes those funds to LWVPBC for educational projects our League undertakes. LWVPBC Education Fund is a 501(c)(3) educational non-profit organization. Donations from members and the community—without these, we could not exist. Event income (eg, Hot Topic lunches) Reserves, other includes interest on reserve funds and retained monies Expenses are many: We have grouped expenses into sectors so members,

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