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Authorizing Official's <br />Phone <br />919-619-3438 <br />Authorizing Official's <br />Email <br />leandra@sistersvoices.org <br />Applicant Race W hite <br />Financial Overview <br />FinancialOv erv iew_Submittable.xlsx <br />Organizational Financial Statements <br />Sisters_Voices_Statement_of_Activ ity_FY22-23.pdf <br />Sisters_Voices_Projected_Statement_of_Activ ity_FY23-24.pdf <br />Sisters_Voices_Budget_FY24-25.pdf <br />Sisters_Voices_2022_Form_990_tax_return-filed.pdf <br />Sisters_Voices_Statement_of_Financial_Position.pdf <br />Deficit/Surplus For FY22-23, we did not have as many singers register for our 2023 <br />summer camps as we had budgeted for. In addition, Sisters' Voices <br />creates our budgets with the projection of all singers paying the full amount <br />of tuition. However, in reality, many of our singers request some amount of <br />financial assistance. W hile we have a scholarship fund, we have not yet <br />received enough donations to cover the amount of scholarships we give. <br />Therefore, we ended FY22-23 with a deficit of just over $19,000. For <br />FY23-24, we were able to make up that deficit with the help of a successful <br />Giving Tuesday campaign, generous community donations, and our first <br />corporate donor. Not yet knowing what our enrollment will be for the coming <br />year, we have budgeted a surplus of just over $20,000 for FY24-25 <br />knowing that we will probably not receive the full tuition that we have <br />budgeted for. <br />If the current or next <br />year budget <br />represents a 30% or <br />more change from <br />the year prior, please <br />explain why. <br />Our current FY23-24 budget represents a greater than 30% change due to <br />greater than usual community giving. In addition, we added an ensemble <br />(SV5) in FY23-24 and another ensemble (SV-Stepping In) in FY24-25. SV- <br />Five is our High School level ensemble, and our new Stepping In ensemble <br />will help us address singers in Middle and High School who want to sing <br />with us but are just beginning; we have found that new singers are not <br />ready to rehearse or perform at the level of the singers who have been <br />singing for years. The addition of these ensembles increases our real and <br />projected income numbers. <br />Are you an entity of <br />UNC-Chapel Hill or <br />another unit of state <br />government? <br />No <br />PROJECT/PROGRAM <br />INFORMATION <br />Tell us about your project or program <br />Docusign Envelope ID: 5E6F8E2E-FE2C-436D-A06C-2B31BCD96BED