Annual Report for 2011

Semiahmoo Ladies Club

Major Accomplishments for the Year:

• In 2011 SLC put on the first fundraiser many years.  As you can see by the charts it raised close to $7,000.

• We increased our membership over the previous year.

• We received our 501 c 3 status in December, now allowing members to deduct their donations and the $40.00 membership dues from their income tax.

• Our total philanthropic and scholarship donations increased significantly from the previous year.

Things to note when reviewing the Income and Expense Charts:

Income Chart:

• Our total income of $23,531 included $7,221 that was held over from the previous year.

Expense Chart:

• Administration costs include such things as: post office box, Directors & Officers Liability insurance to cover board members; supplies of SLC letterhead and envelopes.  This year we had a one-time expense of $840 for our 501 c 3 application fee. Fees of $100 covered filing with the state as a corporation and charitable entity.  In coming years the annual fee for these will total $50.

• The philanthropic donation of $5,229 included purchasing hanging baskets for Stafholt Good Samaritan Center and a $100 donation to the Blaine HS Chamber Choir.  For the additional recipients of philanthropic donations, check the website.