Fede e Luce: 1979 Financial Report

Annual financial statement for Fede e Luce, showing income and expenses for 1979
Fede e Luce: 1979 Financial Report
Foto di Mahdi Bafande su Unsplash
Archival content: this article was published more than 40 years ago. The language and content reflect the sensitivities of the time.


Fede e Luce Financial Report, 1979 (in lire)



Income
Expenses
Balance
Carried Forward
Total




Newsletter
1,179,000
811,250
367,750
442,000
809,750


Office
2,669,684
1,961,010
708,674
47,296
755,970


Family Aid
1,454,000
1,093,000
361,000
186,200
547,200


Assisi Journal
1,245,000
1,484,000
-238,100

-238,100


Small House
395,960
405,960
-10,000
-137,700
-147,700


Camp
1,055,000
1,173,570
-118,570
554,400
435,830




TOTAL
7,999,544
6,929,030
1,070,754

2,162,950



CASH = 514,420 lire
BANK = 761,787 lire
POSTAL ACCOUNT = 886,743 lire
TOTAL = 2,162,950 lire

Key points:


  • The Assisi Journal is running a deficit. To break even, we need to sell 238 more copies.

  • "INSIEME." To close out 1979 successfully and move forward in 1980, we must find new subscribers—at least 100 more.

  • The office is open Monday, Wednesday, and Saturday from 4 to 8 p.m. Fede e Luce's national and international work requires travel, postage, and phone expenses. Meeting these costs depends on steady income to the office.

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