Greetings,
The Palouse Community Center enjoyed another successful year. The center realized enough income to offset operating expenses and generate a net profit. The center did experience extensive water damage from an interior flood. Hundreds of floor tiles were replaced. Out of pocket expense was $2,375. An AED Defibrillator was purchased and installed in the hallway between Needful Things and the Event Room.
Fundraisers: Net income from fundraisers directly sponsored by the Palouse Community Center totaled $13,076. Fundraisers include Cabin Fever Brew Fest, Ice Cream Social and Palouse Music Festival Beer Garden.
Needful Things Thrift Store: Thanks to the management and volunteers, Needful Things continues to provide a wonderful shopping environment and vital service to Palouse and the surrounding communities. Total income increased 22% to $24,671 with a net profit of $19,700. The success of Needful Things is critical to the Center’s operating budget. We gratefully thank all those that donate their time and items. Please keep Needful Things in mind for your “spring cleaning”.
Rentals: Rental income increased 25% to $5,802. Use of the commercial kitchen has increased and we continue to market the features and cost-effectiveness of the kitchen and event center.
Investments: The bank accounts and Edward Jones CD generated $2,273.
Grant Donation: A special acknowledgement goes out to the Floyd & Anita Hamstrom Family Foundation at the Innovia Foundation for their annual financial support. The Palouse Community Center is designated as a beneficiary of the distributable income from this endowed fund. Distributable income for 2023 was $1,990.
Charter Organizations: Our charter organizations (Lions Club, Xenodican Club, Chamber of Commerce, Palouse Arts Council and Council on Aging) contribute annual support in the total amount of $2,000. Each of these organizations is represented on the PCC board. Thank you for your loyal support!
Council on Aging Senior Luncheon: The luncheon is served every Wednesday at noon for Palouse seniors and those in the surrounding communities. The meals are delicious with a wide variety of weekly menus with a suggested donation of $5.00. In-town deliveries can be arranged or meals can be picked up. Come and enjoy a wonderful meal with neighbors and friends.
As previously stated income exceeded expenses. This is a listing of those expenses that constitute the majority of the total annual expenses: Retail taxes $1,666; Tax Preparation & Filings $1,879; Snow removal $533; Electricity $6,426; Water $1,137; Garbage $1,455; Employee Wages & taxes $3,515, Interior Cleaning $1,145; General Liability Insurance $5,293 and Maintenance & Repair $8,826.
We appreciate the continual support that maintains the Center’s high level of functionality and attractiveness for Palouse and those who use the facility. Thank you for your financial support to assure funding for major repair/replacement items such as roofing, flooring, etc. is in place. We welcome your input and any questions you have. We meet the 4th Monday at 7:30 p.m., every other month, beginning in January.
Palouse Community Center Board of Directors: John Bofenkamp, Damon Estes, Bev Pearce, Shandra Bohn, Mark Wilcomb, Teresa Myott, Robin Woltering, Robin Rilette, Sue Wilcomb, Laura Aichele and Jay Iverson.
