You are hereFOM Financial Report and Budget January 1, 2010
FOM Financial Report and Budget January 1, 2010
Starting Balance 1/1/09: $ 3,818.29
Surplus/Deficit 2009: $ 1,129.97
Total Balance 12/31/09: $ 4,948.26
Operations For 2009
| 2009 | Total |
| Income | |
| In kind donations | 753.00 |
| Cash donations | 3827.53 |
| Total Income | $4580.53 |
| Expenses | |
Commissions & Fees – Active giving | 103.75 |
| Conference - (in kind donation) | 753.00 |
| Office Expenses | 450.68 |
| Project Investments | 2629.00 |
| Taxes & Licenses | 30.00 |
| Total Expenses | $4037.43 |
| Net Operating Income | $543.10 |
| 30.00 | |
| Net Income | $573.00 |
8 NPCA paid memberships at $15 - $120.00
13 donors averaging $ 294.42 (Up from 2008 of 8 @ $262)
Uses of Funds 2009 (Does not include the in-kind contribution)
Admin costs 15%, projects 69%, reserves for next year 15%
Rich’s Comment on 2009 –
Three projects funded in 2009!
- PCV Karen Schaan in Krusevo
- PCV Aubrey Harris in Strumica
- PCV Rachel Smith in Zrnovici
- 2009 saw more projects, more donors, and bigger donations: Small but steady progress. Our internal systems and sustainable practices seem to be developing at a similarly steady pace.
- We switched from a membership to a donation based funding relationship with our network of friends. I am told by PC Macedonia that there are now over 400 RPCV’s from Macedonia who can all be part of FOM.
Budget for 2010
| Line | Amount | Comment |
| Administrative expenses | $60 | More donations through active giving and wire transfers for projects |
| Quarterly project grants | $4,000 | 4 projects |
| Quarterly education grants | $1,000 | 2 education grants |
| Funds required 2008 | $6,600 | |
| Available reserves | $2,900 | Assumes we maintain $2,000 in account |
| Fundraising goal 2009 | $4,700 | Approx. 25% or $900 more than 2009 |
This budget is for 6 projects instead of 3, so would be a great increase in impact. This seems to be in line with our steady growth in donations and our increasing capacity to administer the programs.
