Page 37 - 2017 Year End Summary

FINANCIALS

Quest for Education and Arts operates in two primary areas to support families: first is the
development of classes and opportunities that prioritize a Christian focus, second is the provision
of contract work to support Christian teachers that need an extra income.
The financial status of Quest has changed substantially in the past year and it is difficult
to use the early months as a comparison to later months. In addition, income and expenses are
substantially different in summer months. However, in an average 2017 month, 4 cents of every
dollar given to Quest has gone to support program supplies and expenses, eleven cents of every
dollar go to pay rent, and the remaining 85 cents go to support program work such as teacher
and staff contracts.
Income is still primarily received from the generosity of the families who utilize Quest for
their educational needs. In 2017, the organization continued to ask families to pray first and to
share what God had blessed them with, however, as the program grew and the need for additional
building space became critical, additional sources of revenue became necessary. Many ideas
were proposed to make up the funding needed for small class sizes and continue to offer support
to families in need. The following decisions were made to supplement the donor base income:
1) Provision of family accounts where fundraising by the individual family could make up
some of the funds they could not afford to donate.

2) Offering of items for sale as an optional way to support Quest. In addition to purchasing
these items themselves, the families could choose to sell these items and donate the
proceeds to Quest to support our programs.

3) Raffle tickets donated from Jim Click Millions for Tucson nonprofit support were sold.

4) Letter writing, and crowdfunding was proposed, and plans are underway to assist families
with this project should they choose to participate.

5) Grant writing was established as a source of funding.
Our income consists of 60-70% donor funding, 1% grant funding, 10-15% fundraising, and
additional need is met through special gifts. Cuts in the least utilized programming were made,
and cuts in classes will continue to be made until more stabilized funding is secured.