FAQ: Valley Insight Finances:
Where does Valley Insight’s income come from?
In a typical year, Valley Insight has four primary sources of income:
- Dana offered through the dana boxes at retreats and weekly sits;
- Net income from retreats registrations (income minus retreat expenses);
- Income from our fall Annual Appeal, which is always our primary source of income;
- One-time and monthly supporting dana.
We mail our Annual Appeal letters and emails in fall, like many nonprofits, so we usually receive a large number of our donations in the last quarter of the year. Some people give to Valley Insight each month via PayPal, credit card, check, or through their bank account.
In 2019, we raised $12,340 through our Annual Appeal; $5,848 through dana offerings; and $833 in net income from retreats.
In 2020, during the pandemic, we suspended our in-person sits, events, and retreats and moved all our activities to our Online Dharma Hall. That meant that our only income was from our monthly contributions and from our Annual Appeal. We received $14,390 from our Annual Appeal last fall and $4,247 in month-to-month donations.
What’s different about our income in 2021?
Rather than holding in-person and hybrid sits and events, as we anticipated, we, like many organizations, had to respond to the emergence and spread of the Delta variant by returning to our Online Dharma Hall for our sits. Since we have been unable to hold any retreats this year, we don’t have any income from retreats.
All this means that contributions to our Annual Appeal are particularly critical this year.
How does Valley Insight spend its money?
In general, the money we raise barely covers our expenses year to year. In a typical year, our major expenses include:
- Rent paid to St. Barnabas, Friends, and to Doreen for use of facilities for our sits and to other venues where we hold retreats;
- Compensation to Karen and Doreen for various administrative tasks they perform for Valley Insight; expenses paid for bookkeeping; website hosting, support, and maintenance; and other professional services;
- Other miscellaneous expenses.
How is this different in 2021?
Essentially, our expenses this year are about the same as for 2020, except that we are currently not paying rent since in-person sits are currently on hold. We want to be able to resume rent payments as soon as possible, though, in order to retain our space at St. Barnabas and Friends and to support these long-time partners in paying their expenses.
How does teacher dana work now that all our sits are online?
Valley Insight has never paid teachers for teaching, facilitating small groups, or leading retreats. In those cases, attendees offer dana for the teachings. We give Karen and Doreen a small stipend each year to compensate them for administrative and editorial tasks they carry our for the Sangha.
In years past, people would drop cash or a check into the dana box at an event or send it to Valley Insight: we would then send it to the teacher. Now, you can offer dana to teachers online by using a credit cards or PayPal account. Or, if you prefer to pay by check, write a check to a teacher and send it to Valley Insight (at PO Box P.O. Box 634, Lebanon, NH 03766). We’ll send it directly to the teacher as it is received.
How can I give to Valley Insight?
There are numerous ways to give now: visit our Support Us web page »