2022 FINANCIALS

Year End Position

CHIC ends fiscal year 2022 in a strong financial position, with a surplus of $230,093.

CHIC begins the fiscal year 2023 with $935,000 in committed philanthropic and government funding, and $1,467,000 in pending, returning, or invited funding.

Financial Review

In 2022, CHIC completed our first financial review this fall, conducted by Taylor and Roth.

Findings from the review showed that CHIC has strong financial systems in place, that CHIC’s ongoing expenses are reasonable and sustainable, that CHIC’s overhead and fundraising expenditures are appropriate and commensurate with our overall budget, and that our revenue and cash flow are consistent.

Financial Sustainability

In December 2022, CHIC launched an endowment fund in partnership with the Rose Community Foundation’s Nonprofit Endowment program. This fund is a long-term strategy to ensure CHIC’s financial future.