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In addition, a $76,000 “matching” grant from the Greve Foundation of New York has the potential of boosting contributions near the $126,000 level — potential — because $28,000 more is needed to match the grant.
“It's no longer a small operation,” Dietel notes, pointing with pride to the Learning Center’s nonprofit status.
Non-profit means that all fluids—from fund-raisers, private contributions, grants and tuition— are plowed right back into expenses. There are no profits—no returns to stockholders, which equal zero. '
For example, in fiscal year ’82*83, the $100,683 budget breakdown was:
• Seventy-two percent for staff salaries and benefits. (The Learning Center presently employs 11 fulltime people caring for 39 children enrolled in the day-care program.)
• Eight percent for rent and utilities.
• Five percent for food. (Children are served nutritious lunches and snacks.)
• Five percent for miscellaneous expenses.
• Six percent for equipment.
• Four percent for supplemental expenses.
“If there were a surplus, equipment would need to be replaced,”
78.2%