EdPowerment’s Fiduciary Commitment to You
EdPowerment believes in a fully transparent and honest accounting of all its financial transactions. U.S. oversight and variance analysis of expenses and receipts on an ongoing basis ensure that all monies reach their intended beneficiary.
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.
2018 Financial Report:
| Income: | |
|---|---|
| Individual Contributions: | $244,761 |
| Grants: | 58,000 |
| Fundraising/Online Events: * | 54,845 |
| Matching Funds: | 7,100 |
| Other: | 96 |
| Total Income: | $364,802 |
| *Includes one-time donations for the girls’ hostel. |
Expenses:
In 2018, EdPowerment completed a girls’ hostel on the second floor of one of KIWOCE’s existing classroom buildings. This was an exception to EdPowerment’s funding norms that do not include major capital projects. We took this step to protect the structural integrity of the existing 1st floor building and more importantly to allow more girls to take advantage of KIWOCE’s skills training program in security and comfort.
| KIWOCE (Kilimahewa Educational Center) | |
| Teaching Staff Costs: | $44,864 |
| Security: | 2,348 |
| ICT & Other Equipment & Supplies: | 8,574 |
| Land use/Management costs: | 6,783 |
| Girls Hostel (Dorm) | 89,121 |
| Sub-total: | 151,690 |
| Tomorrow’s Scholar-Leader Sponsorship Program: | $67,991 |
| Support for Mrike Secondary School: | 13,653 |
| Funding for Connects Autism Tanzania: | 45,940 |
| General administrative costs in Tanzania:* | 12,089 |
| U.S. Management Trips (excluding lodging): | 7,475 |
| Banking & U.S. administrative costs: | 9,943 |
| Total Expenditures: | $308,781 |
*In 2018 EdPowerment took extraordinary measures (costs) to save the life of our local manager, Tom Kway. Despite these efforts, which included a final airlift to Nairobi Hospital, Tom died on May 25, 2018.