EdPowerment’s Fiduciary Commitment to You
EdPowerment believes in fully transparent and honest accounting of all its financial transactions. U.S. oversight and variance analysis of expenses and receipts on an ongoing basis work to ensure that all monies reach their intended beneficiary. At the same time, we strive to promote good management practices at the NGOs that we fund.
Support from EdPowerment’s founder exceeds all administrative costs, allowing 100% of contributions to directly fund EdPowerment’s programs. EdPowerment targets these funds to achieve the most lasting and ripple impact in the communities we serve.
2019 Preliminary Financial Report:
| Income: | |
|---|---|
| Individual Contributions: | $134,094 |
| Grants: | 28,000 |
| Fundraising/Online Events: * | 39,340 |
| Matching Funds: | 5,900 |
| Other: | 90 |
| Total Income: | $207,424 |
| Expenses: | |
|---|---|
| KIWOCE (Kilimahewa Educational Center) | |
| Teaching Staff Costs: | $47,216 |
| Security: | 2,465 |
| Facilities, ICT & Other Equipment & Supplies: | 18,459 |
| Land use: | 8,762 |
| Miscellaneous | 5,034 |
| Sub-total: | $81,936 |
| Tomorrow’s Scholar-Leader Sponsorship Program: | $56,290 |
| Support for Mrike Secondary School: | $3,451 |
| Funding for Connects Autism Tanzania: | $44,453 |
| General administrative costs in Tanzania:* | $4,148 |
| U.S. Management Trips & Meetings: | $6,270 |
| Banking & U.S. administrative costs: | $7,688 |
| Total Expenditures: | $204,236 |