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Financial Statements
We use 100% of donations to support projects at the orphanages.
We do not receive compensation for our work. All expenses associated with running
the foundation including travel, communications, etc. are provided by the foundation officers.
2007 Form 990, unsigned copy of the financial statements filed with IRS (2007_f900ez_web.pdf, 500Kb)
2006 Form 990, unsigned copy of the financial statements filed with IRS (2006_f990ez_web.pdf, 264Kb)
2005 Form 990, unsigned copy of the financial statements filed with IRS (2005_f990ez_web.pdf, 130Kb)
2004 Form 990, unsigned copy of the financial statements filed with IRS (2004_f990ez_web.pdf, 109Kb)
YEARLY
INCOME STATEMENT
| Revenue |
Year 2007
ending 21/31/07 |
Year 2006
ending 12/31/06 |
Year 2005
ending 12/31/05 |
Year 2004
ending 12/31/04 |
| Donations |
$347,639 |
$135,820 |
$89,977 |
$68,157 |
| Investment Gain/(Loss) |
($231) |
$13,047 |
$962 |
$146 |
| Total Revenue |
$347,408 |
$148,867 |
$90,939 |
$68,303 |
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|
|
|
|
| Expenses |
|
|
|
|
| Orphanage Projects |
($134,451) |
($121,900) |
($89,537) |
($53,405) |
| Total Expenditures |
($134,451) |
($121,900) |
($89,537) |
($53,405) |
| |
|
|
|
|
| NET GAIN/LOSS * |
$212,957 |
$26,967 |
$1,402 |
$14,898 |
* Includes $200,010 of Restricted Funds Contributions for 2007.
BALANCE SHEET
| Assets |
12/31/07 |
12/31/06 |
12/31/05 |
12/31/04 |
12/31/03 |
12/31/02 |
| Cash & Equivalent |
$261,292 |
$48,335 |
$21,368 |
$19,966 |
$5,068 |
$0 |
| Liabilities |
|
|
|
|
|
|
| Payable for Projects in Orphanages* |
$261,292 |
$48,335 |
$21,368 |
$19,966 |
$5,068 |
$0 |
| FUND BALANCE |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
*Note: 100% of this amount has been assigned to specific projects at the orphanages.
QUARTERLY
INCOME STATEMENT
| |
12/31/07 |
09/30/07 |
06/30/07 |
03/31/07 |
12/31/06 |
09/30/06 |
06/30/06 |
03/31/06 |
12/31/05 |
09/30/05 |
06/30/05 |
03/31/05 |
| Donations |
$52,954 |
$26,531 |
$30,855 |
$35,819 |
$36,483 |
$35,052 |
$28,868 |
$28,878 |
$29,566 |
$23,887 |
$22,433 |
$17,801 |
| Orphanage Projects |
($47,728) |
($23,386) |
($26,536) |
($36,964) |
($34,211) |
($32,802) |
($25,553) |
($29,255) |
($28,608) |
($22,048) |
($21,865) |
($17,015) |
| Operational Gain/(Loss)** |
$5,225 |
$3,245 |
$4,319 |
($1,155) |
$2,272 |
$2,250 |
$3,315 |
($377) |
$958 |
$1,839 |
$568 |
$786 |
| Investment Gain/(Loss) |
($2,431) |
($1,025) |
($599) |
$3,849 |
$4,598 |
$4,469 |
$1,296 |
$2,784 |
$497 |
$263 |
$106 |
$95 |
| Restricted Funds Contributions |
$0 |
$200,010 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
| NET GAIN/(LOSS) |
$2,794 |
$202,121 |
$3,721 |
$2,704 |
$6,870 |
$6,719 |
$4,631 |
$2,406 |
$1,455 |
$2,102 |
$674 |
$881 |
**Note: We try to send the money to the orphanages right away, ideally keeping this number close to zero (Received Donations = Completed Projects).
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