Financial Status 2016
|Sum Income||136,358.31 EUR|
|Member Society Support||59,710.81 EUR|
|HSI Activities||4,157.17 EUR|
|Operational Costs||32,316.45 EUR|
|Sum Expenditure||96,184.43 EUR|
|Annual Result||40,173.88 EUR|
Remuneration Policy for Board Members
The board members of Holosophic Society International (HSI) work on a purely voluntary basis. Only reasonable expenses for travel and lodging occurred during work for HSI are reimbursed.
For the first five months of 2016, the board has appointed one senior administrator who received a wage, included in the Member Society Support.
Brief Explanation Income-Expenditure
The donations increased by 6% compared to 2015.
Member Society Support was mainly given for the international Lighthouse Center in Poland (LCP), and to societies in Eastern Europe to support the work in accordance with the HSI statutes.
The HSI Activities covered costs for workshops during the European Summer Retreat at LCP. The HSI also supported a youth event in Slovenia with charity activities.
Overall the expenditures decreased by 30% compared to 2015, mainly due to decreased support needed for the LCP.
Balance sheet as of December 31, 2016