ANNA MARIA – Anyone who’s been to The Center of Anna Maria Island recently has probably noticed a flurry of construction work.
The nonprofit is in the midst of a number of capital improvements, including having the exterior pressure washed and repainted, replacing the shade sails over the playground, remodeling the foyer, replacing flooring on the first floor and completely remodeling the second-floor bathrooms and showers, just to name a few. Executive Director Chris Culhane said the renovations have been long-planned and are being done in the off-season to lessen the impact on Center members.
The improvements began as summer camps drew to a close and the nonprofit’s new fiscal year began. The new fiscal year started July 1 and financial results from that first month have been released. While the numbers show The Center ending July with -$76,765 in net income after all expenses, it’s not necessarily a negative issue considering that historically, the late summer months are lean months for the nonprofit leading up to high season in the winter and spring with the return of snowbirds and several signature fundraising events.
In July, The Center brought in $105,617 from programs, with $65,696 in direct costs and $62,691 in general, indirect and administrative expenses to create a $22,769 loss from operations. Fundraising brought in $22,855, though coupled with direct costs of $44,385, that cost center ended the month with a $44,300 loss. After $32,465 in capital expenses for the ongoing improvements at The Center, the nonprofit ended with -$76,765 in net income.
To view The Center’s financial statements, visit www.centerami.org.
