St. Louis Center Budget
St. Louis Center is a non-profit agency under the provisions of the 501(c)(3) sections of the tax code. The expense budget for the 2008-09 fiscal year is just over $2.7 million.
On the income side, approximately $1.6 million comes from program revenue. This includes Agency support, Social Security, and respite service fees. The rest is generated by our fundraising program and includes around $400,000 from fundraising events, $120,000 in grants, $330,000 in general donations, and $80,000 from various smaller sources. Without ongoing support from our many generous donors and benefactors, we would not be able to operate the way we do today.
From the expense side, staff salaries are our largest expense, consisting of $1.8 million for salaries and benefits. The next largest cash expense is insurance at $130,000 per year, followed by food at $70,000 and special event expenses at $60,000. The rest includes such items as depreciation, utilities, repairs and maintenance, supplies, outside services, and payments on long-term debt.
In general the cost of operation per resident is about $130 per day, which translates to about $3,950 per month or $47,000 per year on average. Some residents have much higher supervision and assistance needs, resulting in higher costs. In order to support individuals with a broad range of disabilities and needs, St. Louis Center has developed a rate structure that takes into account the needs of each individual who enters our program. We also subsidize much of the cost of privately placed residents whose parents cannot cover the full cost of care.
We are always interested in new ideas for raising funds. Our ability to offer quality services to all of our residents is highly dependent on the ongoing support and contributions of generous individuals and organizations in the community.