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FINANCIAL INFORMATION...

NAMI Montgomery County is a 501c(3) organization, and all donations are tax-deductible to the extent allowed by law.

Approximately 81 cents of every dollar NAMI spends goes to providing education, support and advocacy for people with serious and persistent mental illnesses, their families and caregivers. The other 19 cents supports our management, fundraising and general expenses.

Contributions allow volunteers and staff to provide all of NAMI’s services free of charge. NAMI has more than 50 program volunteers supported by 8 staff members and 10 office volunteers. In addition, 8-10 Thrift Shop employees and about 40 Thrift Shop volunteers collect and process donations of clothing, furniture and household items which are then sold to fund NAMI’s programs.

We rely on the support of the community to help all people living with mental illness to be treated with compassion, fairness and understanding.

Last fiscal year (July 1, 2006-June 30, 2007), NAMI had revenues of just under $476,000. Our main sources of revenue were:

• Thrift Shop Sales
  • 64% of gross revenue
  • Made possible by those who donate clothes or household goods, as well as those who shop here. Unlike some for-profit thrift shops, all net proceeds from the shop support NAMI MC’s programs. The Thrift Shop exists to support NAMI’s work.
• Public Support
  • 15% of gross revenue
  • Includes individual contributions made directly to NAMI and those made through United Way, CFC or America’s Charities campaigns, as well as car donations.
• Grants
  • 9% of gross revenue
  • Montgomery County Government, the Gannett Corporation, the Clark-Winchole Foundation, the Montgomery County Community Foundation and the United Way Foundation supported Peer-to-Peer, Family to Family, Latino Outreach and Child & Adolescent programs and provided funds for strategic planning and capital expenses.
• Special Events
  • 7% of gross revenue
  • Events like the Heroes Dinner, the NAMI Walk and the Golf Tournament brought in revenue and helped to build community;
• Membership Dues
  • 4% of gross revenue
  • More than 800 NAMI members demonstrate their belief in NAMI’s support, education and advocacy through their annual dues.

NAMI’s biggest expenses are payroll and rent and related. Most of NAMI’s expenses are program-related as follows:

• Child & Adolescent
• Family to Family
• General Education & Support (materials and meetings)
• In Our Own Voice
• Latino Outreach
• Mental Illness Awareness Week
• Newsletter
• Peer to Peer
• Miscellaneous Programs

NAMI spends about 19% of its expenditures on Management & General (14%) and Fundraising (5%). Management & General represents the time and overhead expenses of the Executive Director, the Office Manager and the Bookkeeper not allocated to programs, and Fundraising represents the time and overhead expenses related to the Holiday Appeal and grant writing and processing. Overhead expense allocations are based on the management and administrative staff’s time.

As of June 30, 2007, NAMI had about $142,000 in reserves (cash and cash equivalents, CDs and long-term investments). This represents almost 4 months worth of operating expenses. NAMI’s goal is to accumulate 6 month’s worth of reserves to be used for operating expenses in case of financial downturn.

In addition to NAMI Montgomery County, there is a separate but related entity, the NAMI Montgomery County Endowment Fund. The proceeds of the annual golf tournament (with the exception of mulligan money) go to the Endowment Fund. This money is growing in anticipation of NAMI’s moving to a different space sometime within the next several years. As of June 30, 2007, there was $81,000 in this account.

NAMI Montgomery County MD’s annual audit and IRS Form 990 are prepared by Berlin, Ramos & Company, P.A., Certified Public Accountants.

• 2006-2007 Audit
• 2006-2007 990 Financial Report

This page was updated on February 18, 2008. This page will be updated yearly following NAMI MC's Board of Directors approval of the Audit.