BROLM 2017 FINANCIAL
REPORT:
FROM JANUARY 1ST TO
DECEMBER 31ST
2016 Designated gifts
carried over to 2017:
“Hands-On” Bible
College $ 890.56
New Church Plants $
5,420.00
Retreat Center to be
built in Brazil $ 93,270.00
Sao Mateus Rent $
600.00
Monica’s Medical
Expenses $ 1,129.98
Total $101,310.54 (A)
2016 Undesignated
balance carried to 2017 $52,273.21 (B)
Total bank balance on
12/31/2016 (A+B) $153,583.75
Support in 2017:
Undesignated Support
& Gifts $62,505.47 (C)
DESIGNATED SUPPORT:
Work in Mozambique $
5,992.33
Isaac’s Internship $
2,970.00
Isaac’s Scholarship
Fund $ 5,000.00
Retreat Center
$45,500.00
Sao Mateus Rent $
2,400.00
Travel Expenses $
350.00
Monica’s Medical
Expenses $ 1,000.00
Church Planting –
Brazil $19,565.00
Total Designated
Donations $ 82,777.33 (D)
Total Support in 2017
(C+D) $ 145,282.80
Total Funds Available
for
2017 Mission Work (A+B+C+D) $ 298,866.55 (E)
Expenses in 2017:
BRAZIL MINISTRY
Evangelism ($
3,300.00)
Discipleship ($
2,750.00)
Retreat Center - Land
($ 63,060.00)
New Church Planting
($18,745.00)
Van – Brazil ($
7,000.00)
Monica’s Medical
Expenses ($ 216.00)
Ministry/Missions/Benevolence
($12,246.65)
Sao Mateus Rent ($
3,000.00)
Government Taxes and
Bank Fees ($ 550.00)
Isaac’s Summer
Internship ($ 1,433.12)
“Hands-On” Bible
College ($ 8,700.00)
Travel Expenses Incl.
World Conv. ($10,065.78)
Total Brazil Ministry
Expenses ($131,066.55) (F)
OPERATIONS EXPENSES -
USA OFFICE
Benevolence/Missions
($1,200.00)
CPA Fees for Tax
filings ($1,005.00)
Office Expenses ($
90.00)
ICOM Booth Fees ($
350.00)
Charitable Org Renewal
fee w/ State of TN ($ 160.00)
Travel to Churches ($
4,594.82)
Total Operation
Expenses - USA office ($7,399.82) (G)
LIVING EXPENSES
Salary ($35,400.00)
Total ($35,400.00) (H)
Total Expenses (F+G+H)
($173,866.37) (I)
Ending Balance in Bank
Account
December 31, 2017
(E-I) $125,000.18 (J)
Designated Gifts
included in above bank balance carried over to 2018:
Retreat Center to be
built in Brazil $75,710.00
Isaac’s Scholarship
Fund $ 5,000.00
New Church Plants $
6,240.00
Isaac’s Summer
Internship $ 1,536.88
Mozambique $ 5,992.33
Monica’s Medical
Expenses $ 1,913.98
TOTAL $ 96,393.19 (K)
After deducting
designated funds from the bank account, the amount of BROLM's undesignated
balance at 12/31/17 is $ 28,606.99 (J-K)
GIFTS THAT WERE GIVEN
TO BROLM IN 2017:
56.75% COME FROM
CHRISTIAN CHURCHES
43.25% COME FROM
INDIVIDUALS (Family and Friends)
Thank you for your
prayers and support!
