Annual Report | 1 July 2010 - 30 June 2011 - International Fund for ...

IFAW financial overview, global
Thanks from our supporters
“IFAW’s global hands-on reach sets the
organization apart from other groups.
I respect the actions IFAW takes to
provide individual care for animals,
in addition to protesting cruelty and
advocating for legislative change.”
Mitchell Wagner
IFAW donor for nearly 40 years, US
19 ©IFAW 2011 All Photographs ©IFAW unless otherwise indicated
Despite ongoing uncertainty about worldwide economic conditions and continued
volatility in financial markets during fiscal year 2011, IFAW successfully managed
its financial resources to deliver world-class service in support of animals and their
habitats. Overall spending was consistent with the prior year while donor generosity
and investment performance exceeded expectations. This contributed to increased
reserves strengthening the organization’s financial health. In the upcoming year, IFAW
will maintain its high commitment to protecting animals around the world, while
exercising prudent fiscal management.
International Fund for Animal Welfare
Combined financial statements (unaudited*)
for the years ended 30 June 2011 and 2010
2011 2010
Assets $’000 $’000
Cash and cash equivalents 28,671 21,093
Prepaid expenses and other current assets 10,923 8,753
Fixed assets, net 22,955 24,998
Investments 34,201 29,719
Total assets 96,750 84,563
Liabilities
Accounts payable and other current liabilities 9,678 10,179
Notes payable 14,282 14,633
Total liabilities 23,960 24,520
Net assets 72,790 60,043
Total liabilities and net assets 96,750 84,563
Public support and revenue
Supporter contributions 88,010 88,816
Other income 4,862 3,379
Total public support and revenue 92,872 92,195
Expenses
Program and operating expenses 82,564 82,639
Total expenses 82,564 82,639
Excess (deficit) of public support and
revenue over expenses 10,308 9,556
*Financial statements for each of the IFAW entities are prepared in accordance with local country accounting
principles and are audited separately. The combined financial statements are prepared on a basis that approximates
accounting principles used in the United States of America.
International Fund for Animal Welfare
Functional allocation of expenses*
Entity Location Program &
program
support
International Fund for
Animal Welfare, Inc.
International Fund for
Animal Welfare
IFAW in Action
International Fund for
Animal Welfare
International Fund for
Animal Welfare Inc./
Fonds International pour
la Protection des Animaux Inc
Year ended 30 June 2011 Year ended 30 June 2010
Fundraising Program &
program
support
Fundraising
United States 88.8% 11.2% 91.1% 8.9%
United Kingdom 96.9% 3.1% 76.2% 23.8%
United Kingdom 74.7% 25.3% 75.0% 25.0%
Canada 89.5% 10.5% 89.3% 10.7%
Stichting IFAW Netherlands 76.2% 23.8% 75.1% 24.9%
IFAW Internationaler
Tierschutz-Fonds gGmbH
Fonds International pour
la Protection des Animaux
International Fund for
Animal Welfare
(Australia) Pty Limited
International Fund for
Animal Welfare NPC
*Expenses are allocated according to the
purpose for which the costs are incurred.
Germany 86.0% 14.0% 86.4% 13.6%
France 86.3% 13.7% 86.4% 13.6%
Australia 85.5% 14.5% 84.9% 15.1%
South Africa 93.2% 6.8% 92.9% 7.1%
Financial Overview
Differences in functional expense percentages between IFAW entities are attributable
to variations in the mix of activities undertaken by each of the entities.
International Fund for Animal Welfare 20