2010 Annual Report: Education - PartnershipsInAction

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S t a t e m e n t o f Fi n a n c i a l Po s i t i o n We remain very grateful for the commitment of our many supporters. Our contributions grew thanks in part to strong support to our response to the Pakistan flood emergency. We continue to enjoy success with direct government support of our programs in places like East Africa, Pakistan and Afghanistan. Contributions from private sources remain our largest source of program funds at 64 percent. Operating expenses are funded by a grant from His Highness the Aga Khan. Therefore, no donations from individuals, foundations and corporations are used for operating expenses. The financial results depicted on pages 62 and 63 are derived from the AKF USA December 31, 2010, audited consolidated financial statements performed by PricewaterhouseCoopers LLP. AKF USA’s complete, audited financial statement may be obtained by writing to the Chief Financial Officer, Aga Khan Foundation U.S.A., 1825 K Street, NW, Suite 901, Washington, DC 20006. Noordin Moloo Chief Financial Officer As of December 31, 2010 and December 31, 2009 As of December 31, 2010 and December 31, 2009 Dollars Dollars in Thousands in Thousands 2010 2010 2009 2009 Assets Cash and cash equivalents $53,987 $46,715 Investments 8,650 7,727 Accounts receivable and other current assets 209 459 Donor agency receivables 422 711 Receivables from affiliates 4,061 3,013 Contributions receivable, net 30,684 40,290 Fixed assets: Property held for charitable purposes 87,446 87,446 Other fixed assets 333 580 Less accumulated depreciation -12,151 -11,090 Fixed assets, net 75,629 76,936 Total assets $173,641 $175,850 Liabilities and and net net assets assets Liabilities: Accounts payable and accrued liabilities $1,609 $836 Payable to affiliates 6,289 1,628 Deferred revenues 3,697 2,671 Total Liabilities 11,595 5,135 Net Assets 162,046 170,715 Total liabilities and net assets $173,641 $175,850
S t a t e m e n t o f Fi n a n c i a l A c t i v i t i e s 2010 Sources of Funds Use of Funds For the years ended December 31, 31, 2010 2010 and and 2009 2009 Dollars in in Thousands 2010 2009 Revenues: Contributions $18,391 $15,467 Federal grants 9,292 10,432 Other grants 985 3,252 Investment income 200 178 Total Revenues 28,868 29,329 Expenses: 1 Program grants 30,313 57,899 General and administrative expenses: Salaries 2,299 2,054 Legal, accounting and consulting 165 193 Travel 154 128 Doubtful pledges provision 79 -146 General office 3 Taxes and licenses Premises 314 289 Resource development & communications 127 97 Total general and administrative expenses 4,441 3,019 Fundraising and public education events 1,476 1,094 Depreciation and amortization 1,308 1,288 Total expenses 37,538 63,300 Change in net assets -8,670 -33,971 Net assets at beginning of year 170,715 204,676 Net assets at end of year $162,046 $170,706 Notes: 1 Program grants decreased as three-year campaign in support of AKDN institutions ended in FY09.
Page 1 and 2: AGA KHAN FOUNDATION U.S.A. ANNUAL R
Page 3 and 4: Dear friends, As another year ends,
Page 5 and 6: The Aga Khan Trust for Culture (AKT
Page 7 and 8: A G A K H A N D E V E L O P M E N T
Page 9 and 10: Early Childhood Development (ECD).
Page 11 and 12: Ye a r i n R e v i e w : E d u c a
Page 13 and 14: y e a r i n r e v i e w : e d u c a
Page 21 and 22: D e v e l o p m e n t S o l u t i o
Page 23 and 24: school leaving at an early age. It
Page 25 and 26: to educate, independent of how simi
Page 27 and 28: 3. From considering the child as an
Page 29 and 30: quent approach to improving transit
Page 31 and 32: References Aga Khan Foundation (200
Page 33 and 34: transitions−those that children n
Page 35: Biographical Information for Contri
Page 39 and 40: C u r r e n t P r o j e c t s Afgha
Page 41 and 42: Photography: ACDI/VOCA, Luke Bostia

2010 Annual Report: Education - PartnershipsInAction

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