SACE continues to achieve positive financial results in spite of the difficult climate for not-for-profits and fundraising. The 2021-2022 fiscal year began with continued uncertainty due to the COVID-19 pandemic. Management focused on continuing to pivot on the delivery of services as well as managing the financial aspects of the uncertainty – closely monitoring cash flows, carefully managing expenses, and applying for additional funding from various sources.
I am happy to report we achieved an excess of revenue over expenditures of $162,000 for the 2021-2022 fiscal year.
The success of this year was once again due to the dedication and hard work of the management, staff, and volunteers of SACE. The services SACE provides are essential to our community and we are grateful to our funders, supporters, and volunteers for their continued support. You are the reason SACE continues to be a leader in the community.
Jennifer Forsyth, CPA CA