117182 JCC Greater Annual 2021 Web[1]updated - Flipbook - Page 10
FY21 FINANCIALS
Due to COVID-19, our FY21 financials look considerably different than in years past. Our program income and ability
to provide scholarships was greatly impacted by program
closures or restrictions during the 2021 fiscal year. Despite
this, we will post a surplus on our financial statements for
FY21 due to forgiveness of the PPP loan received to support
payroll and other allowable expenses in 2020 (~$2.2M) and
receipt of two quarters of Employee Retention Tax Credit
(~$2.0M).
Revenue
Program Income
Donor Support
Federal COVID Support
Membership
Other Income****
Restricted Donations to Cap Projects*
$6,324,630
$4,931,303
$2,204,400
$1,089,544
$1,361,940
$367,358
Total$16,279,175
39%
30%
14%
7%
8%
2%
REVENUE
100%
Expenses
Salary & Benefits**
$10,233,370
60%
$(2,174,477)
Federal COVID Support
Other*** $1,831,414 14%
Occupancy
$1,629,388
12%
Supplies & Equipment
$1,162,809
9%
$645,922
5%
Professional Fees & Contracts
Financial Aid
$158,053
1%
Total
$13,486,479
* Release of funds from our Campaign to Re-Imagine the JCC
** Includes all salaried, hourly and seasonal employees
*** Includes $625,077 in capital depreciation
****Includes $872,196 from sale of Kingswood Camp
8
100%
EXPENSES