Financial Summary and Highlights from Fiscal Year 2017

Posted on Oct 27, 2017

Financial Summary

Revenue 

Contributions $452,652

Restricted Contributions* $175,203

In-Kind Donations $14,534

Investment Earnings $58,576

Total Revenue $700,965

Expenses

Program Services $446,698

Administrative and General $22,469

Development and Outreach $83,846

Total Expenses $553,013

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Assets

Cash and Cash Equivalents $514,042

Investments $1,371,620

Accounts Receivable  $92,710

Prepaid Expenses $846

Fixed and Current Assets $29,219

Total Assets $2,008,437

Liabilities

Accounts Payable $16,528

Grants Payable $39,425

Notes Payable $217,472

Total Liabilities $273,425

Net Assets

Endowment Fund $1,546,449

Unrestricted — Other $31,206

Fund Revenue $157,357

Total Net Assets $1,735,012

TOTAL LIABILITIES AND NET ASSET $2,008,437

*includes $170,000 special funds for use 2018-2020

Highlights from Fiscal Year 2017

1

Right Sharing Celebrated 50 years in 2017! In 1967, Right Sharing was founded as the One Percent Fund, a project of Friends World Committee for Consultation

2

The Board approved 55 new projects! 23 in India, and 11 each in Sierra Leone and Kenya.

3

In January 2017, General Secretary Jackie Stillwell traveled to Sierra Leone for 3 weeks. She visited projects with Field Representative Sallian Sankoh. 

4

Friends joined RSWR staff and Board members for three 50th Anniversary celebrations: in Indianapolis in April, at the FGC Gathering in July, and at Kendal at Longwood in October.

5

Right Sharing was at many 2017 Annual Sessions! Jackie or Board members attended NYYM, BYM, PYM, LEYM, WYM, NEYM, SEYM, IYM (C), New Assoc. of Friends, and Pacific Yearly Meeting. Jackie led workshops at the FUM Triennial and the FGC Gathering.

6

In 2017, Right Sharing grants changed the lives of 1,290 women: 616 in India, 227 in Kenya, and 397 in Sierra Leone. However, the actual number is much larger, because the project will continue to revolve the funds. Furthermore, a loan from an RSWR grant transforms the life not only of the woman who receives it, but her family and community as well.