As we navigate through this uncertain time, we need to make some tough decisions about the future of Camp Augusta. The financial aspect is an important, and complex piece of the puzzle. This page has been created to offer a more detailed picture of how Augusta exists and operates from a financial point of view, and how we are impacted by the current pandemic.
As a 501(c)(3) non-profit, 90% of our expenses are the running costs to make summer happen, this is where 95% of tuition goes. An additional 10% covers facility improvements, program development and savings (5% of this comes from tuition and 5% from donations). Over the past 16 years, we have worked our way out of the debt we inherited with the camp, and built our savings to the $550k we have now. These savings allow us to think about bigger projects to add to Augusta, such as new ropes elements, improved bathhouses etc.
Augusta has been saving additional money over the years through your generosity in our fundraising efforts. We started the year with $550K, which we hoped to use to replace a bathhouse, as well as keep and build a nest egg against an unknown future. Without summer tuition revenue, camp’s $550K of savings are not sufficient to cover the money already spent in anticipation of running camp this summer, and there is no insurance possible for a situation like this. This will mean that 100% of our staff will be laid off from mid-June onwards.