Fiscal growth is a vital part of any new organization. From
our beginnings in 2004, our revenues increased substantially in
2005 and again in 2006. Expenses exceeded revenues in calendar
year 2006 due to the fact that grant monies were received
late in 2005.
Foundation and Trust monies accounted for 72% of all revenues
while individual dues and contributions contributed 20%.
Our success in seeking grant awards was fundamental to our
fiscal growth and our financial success.
General staffing and consultant fees made up the biggest
portion of our expenses. Our second and third largest expenses
were equipment and partnership-building—vital necessities for
any new organization.
Under the leadership of Board member Gary Hunt, the Association
pursued strategic planning in 2006 resulting in the
first five-year plan, Accepting Responsibility for What is
Ours—A Plan to Protect and Enhance the Living Communities
and Resources of the St. Mary’s River Watershed. This plan
stresses the building of organizational capacity as well as partnerships
and coalitions, and covers the time period from 2006
through 2010. We urge you to review our strategic plan. You
can download it in Adobe PDF format at:
http://www.smrwa.org/pdfdocs/strategicplan_rev2007-03-12.pdf