A special thanks to all of you who support the Morgan-Scott Project and make it possible for us to help those who struggle to pay their electric bills, to buy their medicines, to feed their families, and to keep a roof over their heads.
Because of your generosity, our contributed support from all sources, both monetary and non-monetary, has grown from $106,000 at the end of 2006 to $$308,000 at the end of 2013. While contributed support has tripled in that time, spending on our missions has grown by more than 800%, from $21,000 to $189,000. At the same time, we reduced our internal overhead rate from 80% to 22% meaning that, when combined with an increase in Thrift Store sales, approximately 88 cents of every dollar contributed now goes to help those in need.
And here are the numbers that matter…as a result of your giving, this year we were able to provide emergency aid to 350 families, give food boxes and free food to 3,379 families (much of it through our Friday Food program), repair 33 homes using the help of 285 volunteers, see 84 new patients in the new Free Clinic in Deer Lodge, help 31 adults with their education, distribute seeds for home gardens to 365 families, and give Christmas presents to 1,744 children.
The Project ended the year with a small negative change in net assets of approximately $4,000. Of the $308,000 received, $43,000 came from individuals, $140,000 from churches, $40,000 from grants, $28,000 from our thrift store, which is used to help offset our overhead costs, and $57,000 came from goods and services donated. This year a number of donors made use of the DONATE button on the website and made secure donations through PayPal.
Our largest mission programs in terms of spending were home repairs ($52,000), emergency aid ($40,000), and the New Light educational support program ($27,000).
So thank you from the widow who comes for Friday food. Thank you from the woman who is no longer confined to her home thanks to her new wheelchair ramp. Thank you from the man who now has a job and can support his family because of the New Light program. Thank you from the child hugging a new doll at Christmas. And thank you from the staff and Board of Directors of the Morgan Scott Project.
(Please note that all figures included in this article are unaudited and as such are subject to change. Our auditors issue the final results on form 990 that is submitted to the IRS. All figures here are based on the internal reports used by the Board of Directors to monitor our operations. – Tamia Cloud Bible, CPA, Treasurer.)