The Importance of Transparency
To trust an organization, it’s essential to know what they do with the money they take in and how much they have to work with. Below is a summary version of our finances to help our members understand our financial health. If you have any questions about our finances or would like a deeper look, please contact us at Contact@SundayAssemblyDetroit.org.
Notes
We do not have any detailed records of our finances for the first 5 years of operation due to growing pains.
Operational Expenses include: Supplies for operation, Zoom Subscription, Meetup Subscription, Banking and associated fees, PayPal Fees on Donations, PO Box Annual Cost, MI State Filing Fees, etc.
Event Related Expenses include: Space rental, Band Fees, Security, Marketing, Event Supplies, Tabling Fees, Speaker Fees, etc.
2019
This is the first year we are able to retrieve and record financial information in a more detailed manner and will act as the baseline. This is the year that the pandemic starts.
2020
From 2019 to 2020 we see a large increase in the operational expenses. Some major contributions to this increase were paying for more technologies like Zoom to accomodate for the pandemic, a $200 increase in the PO Box fees, a $100 increase in Meetup subscription fees, and paying an official accountant to file our taxes.
2021
Fluctuations in operational expenses comes mainly from how much we need to spend on supplies that year.
2022
As the pandemic began to subside in 2022, we started to host more in-person events which increased the Event Related Expenses. We also started to reverse the downward trend in membership donations – which is fantastic!
2023
As we tried out gathering for our Assemblies, we saw a huge turnout. This came with increased expenses for the space once a quarter, but we also saw more members stepping up to help out financially and with their time.
Detroit 