Past Financials

Income and expenses for 2009

Income: $55,158*  
Income (orphanage): $10,619  
Expenses: $57,620  
     
Expenses by category
     
Class creation: $22,016 Editing
  $416 Hardware
  $482 Software
  $1,455 Shipping and fulfillment
  $1,140 Materials
     
Fundraising: $2,829 Online credit card processing
     
Office: $597 Accounting, tax preparation, bank charges
  $724 Office supplies
  $1,054 Telephone
  $456 Food and travel
     
Website: $4,978 Hosting, access, registration
  $22,611 Programming and design (partially for the Murdock grant)

* Includes a $20,000 grant from the Murdoch Foundation for programming new features for 2010.

Income and expenses for 2008

Income: $50,251  
Expenses: $49,724  
     
Expenses by category
     
Class creation: $13,032 Editing
  $4,141 Hardware
  $430 Software
  $0 Recording equipment
  $212 Shipping
  $7,000 Teacher payments*
  $200 Miscellaneous help
     
LAMP3 $10,013 Distribution of classes and research**
     
The Story of Jesus $2,932 Publishing costs
     
Fundraising: $874 Online credit card processing
  $295 Foundation research
  $497 Advertising***
     
Office: $3,994 Tax preparation, postage, telephone, and office supplies
  $475 Travel
     
Website: $693 Web access
  $109 Domain name registration
  $3,072 Hosting
  $930 Programming
  $825 Design
     

* When a teacher creates a custom course for our Foundations curriculum, we pay $1000 per three hours of lecture.
** The bulk of this money came from donations specifically designated for our fact finding trip to India and Nepal.
*** We are thankful to Zondervan for their generous gift of a free page in the program guide at the National Pastors Conference.

Income and expenses for 2007

Income: $41,453  
Expenses: $41,599  
     
Expenses by category
     
Class creation: $7,500 Editing
  $4,582 Hardware
  $495 Software
  $356 Recording
  $825 Shipping
  $17,000 Teacher payments*
     
LAMP3 $1,411 Distribution of classes
     
Fundraising: $1,830 Online credit card processing**
  $277 Advertising
     
Office: $1,582 Tax preparation, postage, telephone, and office supplies
  $300 Travel
  $285 Miscellaneous
     
Website: $474 Web access
  $167 Domain name registration
  $2,217 Hosting
  $2,298 Programming
     

* When a teacher creates a custom course for our Foundations curriculum, we pay $1000 per three hours of lecture.
** No money is spent to actually raise money.

Year-to-date income and expenses (11/22/2006)

2006 has been the year of volunteers. Because of your giving and their labors, we have been able to publish quite a few classes that we had recorded in previous years. We trust you will see that your gifts are indeed necessary and wisely spent.
     
Income: $25,627.75  
Expenses: $15,624.13  
     
Expenses by category
     
Editing: $945 Editing (most of our classes are edited by volunteers)
  $1,336.59 Hardware (sound equipment)
  $1,082 Software (audio filters to improve audio quality)
     
Fundraising: $1,992.19 Online credit card processing*
     
Office: $985.65 Tax preparation and postage
     
Website: $538.10 Web access
  $155.30 Domain name registration
  $3,051.80 Hosting**
  $5,537.50 Programming***
     

* No money is spent to actually raise money, and we have found ways to lower this amount next year.
** We pay a flat fee for the first 500 gigabytes of audio transferred per month.
*** We have invested significantly this yearly in automating the site, and this expense should drop off next year. Much volunteer programming time was also donated.
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