There is a popular belief that the Chinese word for "crisis" con- sists of two characters, one that stands for "danger" and the other for "opportunity". According to many linguists, this is actually a mis- understanding of the Chinese lan- guage and these characters do not actually represent those two words. Regardless of how it is represented in Chinese, the current economic environment has created a crisis for many nonprofit organizations.
Although At Jacob’s Well is holding its own during the current crisis, today's situation does present dangers and opportunities for us. The danger is clearly caused by the reduction in funding by govern- ment agencies and the decrease in donations from individuals and reli- gious groups. The reduced revenue has forced us to be more cautious with expenditures and it teaches us to live within our limits. However, to be true to our mission and the beliefs of our founders and benefac- tors, as we find those limits, we must creatively look for ways to extend them.
The result is that, as At Jacob’s Well approaches its 25th anniver- sary, we are seeking assistance and direction from new sources. We are currently at work on a new strategic plan, which will help to guide us in the months and years ahead. We are being assisted in that effort by members of the Loyola University
MBA program. We are looking for new sources of funding and new approaches to fundraising. Some of our new board members bring skills in those areas which will support us. We are discussing new methods of marketing our organization and new methods of outreach. Included in this is the planning for our 25th Anniversary celebration in June.
us into contact with people who are learning about our organization for the first time. And here is where the one constant in this sea of change emerges: the mission and vision of At Jacob’s Well continues to touch the minds and hearts of those who hear it. The year ahead will be chal- lenging and will be one of transi- tion. Nonetheless, through fiscal responsibility and by being true to our mission of assisting the home- less mentally ill of Baltimore City, the dangers will pass and the crisis
will lead us to new opportunities.
With faith in the love of God and gratitude for the assistance of our many supporters, we have re- newed hope that during iscal 2011, we will continue, as our mission statement says, "to promote dignity, accountability and self esteem in order to improve the quality of life and residential stability of our cli- ents."
Fred Trenkle President of the Board
AT JACOB’S WELL STATEMENTS OF UNRESTRICTED REVENUES AND EXPENSES AND CHANGE IN NET ASSETS YEARS ENDED JUNE 30, 2010 AND 2009
FY '10 SOURCES OF OPERATING REVENUE
FUND RAISER, 2%
INT., DIV.& CAP. GAINS, 1%
FEES & RENTS, 36%
OPERATING GRANTS, 0.3%