Finance Report · Board Update
March 2026
Board Update
9 Months Year-to-Date · FY2026
Chicago Sinai Congregation
Revenue
March YTD Actual
$2,849,989
107% of YTD plan
+$190K ahead
Dues 102%
Strong collections — ahead of full-year budget through 9 months
Bridge Gift
$301K received — Y1 of 3-yr anonymous commitment, not budgeted
Rel. School 118%
Revenue ahead of plan on strong enrollment and tuition
$144K held
Investment drawdown contingency not yet required
Expenses
March YTD Actual
$2,257,115
95% of YTD — under budget
−$109K
−$109K under
All expenses below YTD budget — disciplined spending across departments
Pre-School 81%
$39K under budget reflecting lower enrollment this year
HHD $20K saved
High Holy Day expenses well-controlled — came in under budget
Net Income
$592,656 vs. budget $293,721 — 202% of plan
Balance Sheet
Total Unrestricted Assets
$9,672,669
as of March 31, 2026
Chase (unrestricted)
$760,762
Investment (net)
$2,532,236
Foundation
$6,379,672
Total Assets (incl. restricted)
$10,087,203
Chicago Sinai Congregation
Opening · Jun 30, 2025
513
Starting membership
Joined
+61
New members
Resigned
−47
Resigned
Deceased
−4
Deceased
Net Change FY26
+10
YTD
Paying Members
523
Mar 31, 2026
Membership Summary · Mar 31, 2026
Dues-Paying Members523
Total Accounts (incl. Complimentary)595
Total Dues Billed$1,729,017
Average Dues per Paying Member$2,906
Net Change (Jul 2025 – Mar 2026)
+10
Dues by Account Type · YTD Mar 31, 2026
| Account Type | Members | Dues Billed | Avg |
|---|---|---|---|
| Family 40+ | 232 | $814,446 | $3,511 |
| Sustaining | 56 | $349,425 | $6,240 |
| Individual 40+ | 99 | $252,203 | $2,548 |
| Patrons & Pillars | 14 | $194,875 | $13,920 |
| Family 35–39 | 67 | $86,007 | $1,284 |
| Individual 35–39 & Under | 17 | $12,143 | $714 |
| Out-of-State & Associate | 40 | $18,919 | $473 |
| Complimentary & Non-Paying | 70 | $1,000 | — |
| Grand Total | 595 | $1,729,017 | $2,906 |
Chicago Sinai Congregation
March YTD Actual
$2,849,989
YTD Budget
$2,660,089
Ahead of YTD Budget
+$189,900
|
Revenue Category March YTD Actual YTD Budget Variance % Plan | ||||
| Strong collections3000 · Member Dues | $1,570,699 | $1,493,756 | +$76,943 | 105% |
| Below plan3010 · High Holy Day | $43,556 | $59,334 | −$15,779 | 73% |
| Timing adj. April3100 · Benefit Revenue | $118,381 | $3,430 | +$114,951 | 3451% |
| Ahead of plan3110 · Religious School | $109,541 | $92,517 | +$17,024 | 118% |
| Low enrollment3120 · Pre-School Revenue | $262,455 | $303,358 | −$40,903 | 87% |
| Y1 of 3-yr gift3910 · Donations (Bridge Gift) | $301,536 | $50,250 | +$251,286 | 600% |
| Appeal behind plan3940 · Temple Fund / Appeal | $257,331 | $277,189 | −$19,859 | 93% |
| Not yet drawn3942 · Revenue Contingency | $0 | $144,000 | −$144,000 | 0% |
| Q3 pickup3960 · Security Reimbursement | $125,088 | $131,460 | −$6,372 | 95% |
| Gross Revenue | $2,849,989 | $2,660,089 | +$189,899 | 107% |
Chicago Sinai Congregation
March YTD Actual
$2,257,115
YTD Budget
$2,366,368
Under YTD Budget
−$109,253
|
Expense Category March YTD Actual YTD Budget Variance % Plan | ||||
| On budget4000 · Administrative | $830,995 | $855,285 | −$24,290 | 97% |
| Cantor installation5000 · Music | $35,650 | $32,488 | +$3,161 | 110% |
| On budget5500 · Occupancy | $492,311 | $496,444 | −$4,133 | 99% |
| Under — low enroll.6000 · Pre-School | $169,195 | $207,720 | −$38,526 | 81% |
| On budget6900 · Program Expenses | $24,528 | $28,700 | −$4,172 | 85% |
| On budget7005 · Pulpit | $536,168 | $542,956 | −$6,787 | 99% |
| Controlled8000 · Religious Education | $92,866 | $107,939 | −$15,073 | 86% |
| $20K under budget9000 · High Holy Day | $75,102 | $94,835 | −$19,734 | 79% |
| Total Expenses | $2,257,115 | $2,366,368 | −$109,253 | 95% |
| Net Income | $592,656 | $293,721 | +$298,934 | 202% |
Chicago Sinai Congregation
Chase Bank Accounts
Unrestricted Operating
$760,762
Restricted
Rabbi $115,637 · Restricted $298,896
Total Chase
$1,175,295
Investment Account
Total Market Value
$2,532,236
Board-Designated Restricted
($336,561)
Unrestricted Portion
$2,195,674
Foundation Account
Long-term endowment
$6,379,672
Total Foundation
$6,379,672
| Source | Unrestricted | Restricted | Total |
|---|---|---|---|
| Chase Bank Accounts | $760,762 | $414,533 | $1,175,295 |
| Investment Account | $2,532,236 | — | $2,532,236 |
| Foundation Account | $6,379,672 | — | $6,379,672 |
| Total | $9,672,669 | $414,533 | $10,087,203 |
Total Assets — All Accounts
Incl. restricted · March 31, 2026
Total Unrestricted Assets
Excl. restricted · March 31, 2026
Bridge Gift — Y1 of 3-Year Commitment
$300K directed to operating bridge; $700K to Foundation. Contingency drawdown of $144K not required this year.