The Awassa Children’s Project accomplishes its goals by being good stewards of the funds entrusted to it. The information below is summarized from the most recent financial reports prepared for FY2010. For more information, please contact us using the Contact Form on this website.
Distributions and Expenses
During FY 2010, Awassa Children’s Project raised $55,734 in public support donations from our donors. Of that amount, ACP transferred $47,000 directly to fund program services at the Awassa Children’s Center in Awassa, Ethiopia. The percentage breakdown of organizational expenditures is as follows:
• Direct Contributions to ACP Program Services in Awassa, Ethiopia (childcare, food, medical, education, community development): 98%
• Bank and Governmental Fees: 1%
• Operational Services (PayPal fees, website hosting): 1%
ACP is a registered 501(c)(3) organization and contributions to Awassa Children’s Project are tax-deductible as allowed by law.
The Children’s Consolidated Financial Report for the fiscal year ended December 31, 2010 is also available for viewing or downloading:
ACP board members visit the project annually to meet with management and assess operations. In addition, independent auditors in Ethiopia as well as the Ethiopian government audit the financial records in Awassa annually. The Board of Directors is provided detailed yearly financial statements from the accountant in charge of the project.