Giving Opportunities - Friends of the Orphans

Statement of Financial Position
2010 Treasurer’s Report
In 2010, Friends of the Orphans raised 41% more in revenue
(before donated services and materials) than in 2009 and
increased our operating support (before donated materials
and supplies) for the NPH homes by 58% over the prior year.
What an accomplishment in a difficult economic
environment. We are grateful to the many donors who
made this possible!
The economy over the past few years has continued to be a
challenge for all of us in our fundraising efforts. Our
interest and dividends were up 9%, we incurred a realized
gain on investment amounting to $55,420 and Special Event
income was up by 23%. Our key operating indicator in our
annual audit report shows our cash flow from operations
improved from a negative $1,252,637 in 2009 to a negative
$101,819 in 2010. While non-profit organizations cut back
on program activity to compensate for decreased revenue
in this time of economic stress, our national board made a
conscious decision to maintain Friends’ support of the
children in this difficult year. This decision further
contributed to our deficit this year. Our 2010 Statement of
Activities reflects a net increase in assets from operations
of $163,833.
As of 12/31/2010
Despite this tough year and setback, the organization
continues to maintain a healthy financial position and
balance sheet.
We will continue to closely monitor our financial
performance through this challenging economic period and
will take actions to ensure that we will always be there for
the kids of NPH just as we are for our own children. Our
staff is implementing their fundraising plans, but we cannot
succeed without your support. The costs to raise a child
have increased due, in particular, to a sharp rise in food
and medical costs. We hope that you will continue to keep
the children of NPH uppermost in your hearts and minds.
On behalf of the children of NPH, thank you for your
continued support!
For the kids,
Dr. Roberto Castaneda
Treasurer (2011)
National Board of Directors
The financial data on this page has been extracted from our 2010 Audited Financial Statements, which are available upon request.
ASSETS
Current Assets
Investments-Land
Investments-Marketable Securities, Other
Beneficial Interest in a Trust
Net Property & Equipment
LIABILITIES
Current Liabilities
Due to NPH Mexico-Bequest
TOTAL LIABILITIES
NET ASSETS
Unrestricted
Undesignated for General Activities
Designated for NPH Projects
Invested in Furniture & Equipment
Temporarily Restricted-Future
Permanently Restricted
TOTAL NET ASSETS
$3,369,251
37,500
2,682,115
665,783
88,407
TOTAL ASSETS $6,843,056
$380,303
560,544
$940,847
$1,835,861
136,957
88,407
1,378,181
2,462,803
$5,902,209
TOTAL LIABILITIES AND NET ASSETS $6,843,056
4 | friendsoftheorphans.org
2010 Functional expenses: $25,766,457
Program Services 91%
Management & General 4%
Fundraising 5%
2010 sources of revenue: $25,930,290
General Donations 15%
Designated Donations 17%
Bequests 3%
Sponsorship Donations 11%
Sharing Fund Donations 1%
Investment Income & Misc. 1%
In-Kind Donations 52%