|Financial Report for 2006|
|Issue: 63 Page No: 31 Updated: 12/27/2010 10:00 AM|
Financial Report 2006
In 1995, Foy Valentine had a dream—a Journal that would “inspire, inform, and unify” readers to work for personal morality and public righteousness. From its inception, Christian Ethics Today has been sent without charge to anyone requesting it. The cost of publishing five issues last year was about $84,000, or about $18 for each subscription. Over 5000 subscribers now receive the Journal, an increase of 800 readers during 2005.
Due to the dedicated assistance of Randy Shebek (graphic design) in Des Moines, Ray Waugh (website and mailing list) in Beeville, Suzanne Verret (Etheridge Printing) in Dallas, James Kim (Postel Tech) in Carrolton, and Audra Trull (Bookkeeping/Secretary), the annual budget remains frugal, even with a 15% increase in subscriptions each year.
Our financial support has continued to grow. In 2006, 751 contributors (562 gave in 2005) gave $88,685
(in 2005 $86,000 was given), and that came in a year when many supporters also gave to the FFV Memorial Fund! Most gifts ranged from $10 to $500.
Our sincere and heartfelt gratitude to each person and church that supported the ministry of Christian Ethics Today in 2006. Without you the Journal could not continue. Because of your support we are able to provide the Journal to thousands of students, teachers, ministers, churches, colleges, and seminaries, free of charge.
Special Thanks To Our Major Supporters
Special gratitude is due these supporters who have honored the dream of our founding editor Foy Valentine through major contributions of $1000 or more in 2006:
Friends of Foy Valentine Memorial Fund
Contributions to the FFV Memorial Fund, initiated in 2006 in honor of our founding editor, continue to grow. Initiated by many of Foy’s closest friends, the fund will provide a financial base (interest only to be used when absolutely necessary) for the Journal.
As of February 1, 2007, 108 persons have given $165,950, including these friends who contributed since our last report: Mary Rickenbaker, C. T. Sparky Beckham, Dr.Marvin Harris, Neal and Jane Knighton, Meta Ukena, Dr. David Sapp, M. D. Samples, Ruth Bradley, James Ellis, Van Luen Foundation, Maurice Brantley, M/M John G. Ragsdale, Robert and Ann Fowler, Dr Kevin and Angie Heifner, Flynn Harrell, Lawanna McIver Fields, andDr. Hardy and Ardelle Clemons.
If you desire to contribute, the FFV Memorial Fund will continue to receive gifts. Of course, all gifts are tax deductible and deeply appreciated.
SUMMARY OF FINANCIAL STATEMENT 2006
*Balance on Hand 12/31/05 $27,238
*This amount does not include unused funds from the CIOS/Piper Grant.
**Expenditures 2006 do not include $22,500 expended from the CIOS/Piper Grant.
***These amounts do not include the CIOS/Piper Fund Grant of $25,00
Cite This Page:
CET, . "Financial Report for 2006" ChristianEthicsToday.
The Christian Ethics Today Foundation. Winter 2007 (Issue 63 Page 31)