- by Vicar Stephen, COO
We are thankful for the many, many people whose gifts large and small come together to enable the huge impact YLM has in our region.
- How are donations to YLM used? A person working for Thrivent Financial for Lutherans told Chris (our-Super-Chef-turned-grant-writer/project-foreman) that YLM has a reputation for making a dollar go farther than most anybody else. (We’re hoping that means they’ll give us a grant again soon.)
93% is used to assist the poor and equip missions.
6% is used for support services (admin) and
1% is used for fundraising.
You can download our full 2007 IRS 990 disclosure from our financial information page. I’m still compiling the full IRS 990 report for 2008 (In my spare time since I can’t hire a CPA to do it for me …any pro bono CPAs out there?).
- Do you have an endowment? Unfortunately, not yet. Our board of directors, however is working toward the establishment of one, and a few knowledgeable Friends of YLM are suggesting ways to encourage supporters to help get it going.
- Do you receive the budgeted support of any synodical agencies?
YLM and all but one congregation is fully dependent on local offerings, and contributions from caring supporters. The one congregation receiving subsidy (that has been decreasing each year) from the Rocky Mountain District, LCMS, is San Pablo.
We are pleased that LCMS World Relief & Human Care has granted us funds for relief efforts in Sparks twice. We are also for the Sunday School offerings and contributions from LWML groups that come to help our work. In the past we have also received large grants ($100,000 +) for community service programs (funded by the Paso del Norte Health Foundation).
- by Vicar Stephen, COO
We are thankful for the many, many people whose gifts large and small come together to enable the huge impact YLM has in our region.
- How are donations to YLM used? A person working for Thrivent Financial for Lutherans told Chris (our-Super-Chef-turned-grant-writer/project-foreman) that YLM has a reputation for making a dollar go farther than most anybody else. (We’re hoping that means they’ll give us a grant again soon.)
- 93% is used to assist the poor and equip missions.
- 6% is used for support services (admin) and
- 1% is used for fundraising.
You can download our full 2007 IRS 990 disclosure from our financial information page. I’m still compiling the full IRS 990 report for 2008 (In my spare time since I can’t affort to hire a CPA to do it for me …any pro bono CPAs out there?).
- Do you have an endowment? Unfortunately, not yet. Our board of directors, however is working toward the establishment of one, and a few knowledgeable Friends of YLM are suggesting ways to encourage supporters to help get it going.
- Do you receive the budgeted support of any synodical agencies? Only the San Pablo congregation receives a subsidy from the Rocky Mountain District which is decreasing each year.
We are pleased that LCMS World Relief & Human Care has granted us funds for relief efforts in Sparks twice.
The major source of help for YLM and the communities being served comes from individuals, Sunday School offerings, and contributions from LWML and the servant events. The Mariachi Ministry also brings in performance fees and donations as well as CD sales. In the past we have also received large grants ($100,000 +) for community service programs (funded by the Paso del Norte Health Foundation). Thrift Store sales help generate funding… All in all our funding is quite diverse. Operating in communities with such overwhelming poverty makes funding a constant challenge. See financial information page for a complete disclosure.