Finances

10/13/2019

 

Septmeber 2019 Finances Summary

Em Hotep!

Please see the attached updated finances for the House of Netjer for September of 2019.

Currently we are at a available cash balance of $9620.67 *

 

This number is reflective of donations with PayPal, PayPal giving fund, our Nisut’s Salary and general running costs (website, storage fees for Tawy, etc.) *NEW*  and out total donations for the Ministerial Services Contract ( AKA Hemet's Guarentee Salary)

Keep those donations coming! As a non-profit we rely on those donations to keep our Temple running – not only on day to day operations – but to pay our Nisut as well so that her financial burden is lowered.


Stock Donation Tracker

This stock donation (the giver will remain anonymous) will be mainly used towards all things Tawy from her repair bills to general utilities until Tawy is sold.

Please keep in mind this donation is separate from any donations to our general fund account and has been specifically designated to be used for Tawy house.

This tracker will show the unique rise and fall of stocks as we move forward. To keep transparency, we will be showing the withdrawals from this donation along with any fluctuations of the stock value itself. Stocks while active can change value depending on the stock itself and the market. This is shown in the fluctuation line.

We will also be showing the overall output into maintain Tawy until its sale including; repairs, water, electric, gardening, inspections, insurance costs, and other needs to help the process along.

This stock donation is not infinite and will run out, at such time we will again be pulling from out general funds account to satisfy the costs.

*NEW*

Hemet's Guarenteed Salary donations! Now showing on our monthly reports.

Ministerial Services Contract

For the past year, Hemet (AUS!) has been working for the House of Netjer on a month-to-month basis dependent upon the amount of money raised during the previous month. Due to the unpredictable nature of fundraising, this has provided little financial stability for Hemet, which has affected her ability to plan and perform tasks for the temple. In order to provide consistent and stable employment for Hemet, the Temple Board has signed a Ministerial Services Contract with her for the remainder of this Kemetic year (10 months). This employment contract guarantees Hemet a salary of $2,000 every month, supporting her to work for four 8-hour days each week.

In order to cover our general operating expenses as well as Hemet’s salary, we must have a total income of $2,500 each month. While the funds we have raised this past year have been variable, we have been consistently raising at least $1,500. After expenses, this has left us with $1,000 to pay toward Hemet’s salary. To help us reach the new goal of $2,000, a special fund has been established, which has privately collected a total of $10,000. This money will be paid out to Hemet’s salary in increments of $1,000 each month for the remainder of this Kemetic year.

Thanks to the salary fund, we will only need to continue raising a minimum of $1,500 per month for the next 10 months. The employment contract does mean that we are obligated to have a total of $2,500 in funds each month regardless of how much we actually receive in donations. In order to cover any gaps and ensure that Hemet’s salary is fully paid, an anonymous donor has agreed to cover any difference that is left over after the funds raised through donations. If we continue to receive a minimum of $1,500 per month, then this individual will not have to pay additional money on top of their regular monthly donations. The Rollover Fund that I announced a month ago will still be in effect and used toward our fundraising efforts.

The purpose of this contract is to provide financial stability for Hemet and growth for the House of Netjer. This will be the first time in over a decade that we have been able to support Hemet full time. This allows Hemet to put the temple first in her work rather than being dependent on other employers. We are entering a time of change and restructuring within the temple, and supporting her will allow her to focus on helping us grow and flourish. In addition, these extra hours will provide Hemet with more opportunities to attend gatherings not only across the U.S., but around the world.

Hemet’s salary fund was initiated and created by just a few people; however, your donations still matter now more than ever. I know that we can maintain our minimum fundraising target of $1,500 per month. The financial responsibilities of the temple shouldn’t be left to just a few people to carry alone. Let’s help them carry it together. Let’s carry each other.

If you have any questions, please let me know! And as always thank YOU for supporting our house.

Senebty for now-

Ihhyensenu
Financial Bak