Page 24 - WOC Annual Report 2012

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Activity 2: Transition from Associate to Resident
Income
2011
Remaining
*
Total
Lilly Endowment Grant
35,000.00
35,000.00
WOC Operating Fund
9,000.00
9,000.00
Total income
44,000.00
44,000.00
No expenditures in 2011
Activity 3: Transformational Leadership Academy (Crucible)
Income
2011 Remaining
*
Total
Lilly Endowment Grant
50,056.27
64,943.73
115,000.00
Tuition
31,305.00
568,695.00
600,000.00
WOC Ministerial Education Fund
119,269.05
125,730.95
245,000.00
Total Income
200,630.32
759,369.68
960,000.00
Expenses
Direct cost of event
144,442.77
455,557.23
600,000.00
Curriculum for event
15,682.18
24,317.82
40,000.00
Curriculum revisions
200
4,800.00
5,000.00
Between event materials
5,000.00
5,000.00
Staff person
40,305.37
269,694.63
310,000.00
Total Expenses
200,630.32
759,369.68
960,000.00
Income over (under) expense
% of cost provided by Lilly Endowment
24.90%
Total provided by Lilly Endowment
77,062.92
Total cost
354,648.00
% of cost provided by Lilly Endowment
21.73%
22
2011 Annual Report
2011 MAJOR AREAS OF FUNDING: CLERGY LEADERSHIP FORMATION