OAHA Financial Report – February, 2021 2020 Income – $37,060 (includes $12,000 grant contracted for consultant fees) - $25,060 without grant 2020 Expenses - $24,243 OAHA Bank Statement Balances as of January 31, 2021 Operating Account - $6,915.66 Archives Account - $29,881.56 CD Restricted Account - $7,874.13 Money Market Investment - $15,215.28 The operating account covers our normal expenses such as program expenses, printing, postage, web site, office equipment and supplies, internet, fees and liability insurance. We were fortunate to receive a $12,000 grant from the County to pay for our work with a consultant to develop a strategic plan and do community outreach as a part of our effort to grow as an organization. $6,000 of the amount currently in the operating account is from the grant and is earmarked for that work. Normally, our operating account is funded through dues and donations made at programs and other events. Our membership is down due to the fact that we have not been able to have in-person programs because of COVID. Although we have offered online programs through our Facebook page, and they have been well “attended”, we have not received donations as a direct result of these broadcasts. Although we have not had to pay for the use of a facility for our programs, we have had increased web site expenses for the online programs. Thanks to the individuals who have sponsored programs. We are grateful that our annual fund raising letter last March resulted in generous donations which have helped to build up the balance in our Archives account. We draw from this account for rent and utilities for the building we occupy on Locust St. We also have two climate- controlled storage units because the space in our Archives building is too small to house the growing collection. We have not been able to have Archives open during the pandemic because our space is too small to safely allow volunteers and visitors to interact. We have still been able to accept some donations to our collection. Our goal is to find a larger space so that we can expand our activities, and we are saving towards that end. We look forward to the time when we can again participate in community events such as the Connective Festival. We plan to send out our 2021 fund raising letter again this spring. We have not been able to have in- person fund raising events, but will organize events in the future when we are able to safely do so. OAHA anticipates running a major capital campaign at some point to raise money for a new Archives location. Thanks to Flossi Prewitt and Mary England for preparing monthly financial reports and submitting state and federal reports required of non-profit organizations. With community support, OAHA will be able to continue its mission to preserve the history of the Oxford area. Gail Roberts, OAHA President