Financial Statements

2021 Financial graphic

Income and Expenses for 2021

Insight Santa Cruz is a volunteer-based, non-profit operating with a minimal amount of administrative infrastructure. Donations fully support Insight Santa Cruz.

Although the physical center has been closed since March 2020 due to COVID-19, donations exceeded expenses in 2021, thanks to the generosity of ISC members. ISC benefited from a significant legacy gift from a past member which amounted to 35% of the annual income.

2021 Financial graphic

Expenses

The four expense categories are:

Teachings

For 2021 the Teachings category now includes the stipend and expenses for the Guiding Teacher and other amounts in support of teaching. Individual teachers receive no salary and are supported by teacher dana.

Rent

Insight Santa Cruz is located in The Galleria in downtown Santa Cruz. This space is rented on a multi-year lease. The Galleria rent is the only component in the category.

Fundraising

Fundraising expenses are shown separately this year.

Operations

The Operations category contains the required insurance policy expenses, professional expenses, and everything else that is not covered in the prior three categories.

Income

Individual Donors

Donations direct from individuals have always been the largest supporter of ISC.

Legacy/Planned Giving

ISC was the beneficiary of a sizable gift from a past member.

Grants

ISC received a grant from Riverstyx in support of the Guiding Teacher.

Institutional Donors

We received donations from corporations through their charitable alliances.

Summary

Because of our volunteer network, ISC is able to operate with an incredibly low level of operational expenses while successfully growing the organization. We are grateful for this and are always on the lookout for volunteers with specialized skills and the desire to engage in helping ISC. Without the invaluable help of committed volunteers responsible for the operations of the organization, Insight Santa Cruz would not be able to exist in its present form.

Dana and donations help ISC provide the teachings of loving-kindness, compassion, and mindfulness to the Santa Cruz community and beyond.