2013 ANNUAL REPORT JANUARY 1, 2013 - DECEMBER 31, 2013
Educating Children. Strengthening Community.
OUR MISSION THE SOMERO PROJECT is a 501(c)(3) Nonprofit Organization dedicated to breaking the cycle of poverty in Kotolo, Uganda by stimulating the economy and providing a safe and healthy learning environment to the children.
The Somero Project | 1282 Paradise Rd., Ferndale, WA 98248 (360) 384-0515 | TheSomeroProject@live.com | www.TheSomeroProject.org
A LETTER FROM THE PRESIDENT Dear friends, Thank you so much for the generous support you’ve provided throughout 2013. It’s hard to believe another year has gone by and every time I look back, I am encouraged and reminded of the caring and generous supporters we have. We at The Somero Project along with the community of Kotolo, Uganda, and the students at Evergreen Primary are forever grateful! This past year, we took great strides raising a total of $20,069.18 through donations, fundraisers, and our Sponsorship Program. With this we were able to provide education to 230 students, employ 9 teachers, and complete many projects at the Evergreen Primary School. Here are some other highlights:
Our total income for 2013 tripled compared to 2012.
Number of Sponsorships more than doubled by the end of 2013.
97% of every dollar we received was used to provide education to our students and maintain the Evergreen Primary School’s facilities.
Again, thank you from the bottom of our hearts for your support! Without you, our success this year would not have been possible.
Becky Conover, Co-Founder and President
OUR IMPACT IN 2013 1) New floors were added to the classrooms to help protect the children from sand fleas.
2) Benches & desks were brought in for the students. 3) The Somero Project made our first debut at the Bellingham Farmerâ€™s Market where we raised money and awareness for our cause.
4) An administration office was added to the
school facilities for document and supply storage.
5) Learning supplies and sports equipment were
donated to the school.
6) A new logo was designed. 7)
Three new board members joined The Somero Project adding book keeping and marketing skills to our team.
Doors and windows were added to our facilities to help keep the students sheltered from the elements as well as secure the buildings while school is not in session.
9) The schoolâ€™s latrine was reconstructed and expanded after a storm
caused the existing structure to collapse.
10) A new sign for the school was placed on the main road. 11) To accommodate a growing number of students, we purchased vacant land adjacent to the Evergreen Primary School so that we can begin construction on a second school block.
12) We hired an additional teacher to accommodate the growing number of students. 13) We brought on a Social Media intern to help manage our Facebook, Twitter, and Instagram accounts.
14) We began to upgrade our website at TheSomeroProject.org, adding a blog and additional information on our organization.
“We are so happy to have this school in our village.” - Mukebezi Michael
“The children are now getting an education that the parents themselves never had when they were growing up.” - Maganda Johnson
Maintained the Evergreen Primary School
Employed 9 Teachers
Supported 230 Students
42 Students Sponsored
FINANCIAL REPORT The Somero Project is committed to providing education to the underprivileged children of Kotolo, Uganda. Toward this end, we hold ourselves to the highest financial accountability. Below is our full financial report for 2013. DEBIT
Annual Income: Sponsorships Lump Sum Donations Total Revenue
$ 9,010.00 $ 11,059.18 $ 20,069.18
Annual Operating Expenses: HSBC Fee Equity Bank Uganda Fee PayPal Fee End of Term Exams School Supplies Scanning/Printing/Mailing Annual Private School Taxes Director Salary Teacher Salaries Total Operating Expenses
$ 297.00 $ 96.00 $ 158.16 $ 299.69 $ 420.52 $ 208.83 $ 22.00 $ 590.20 $ 5,971.54 $ 8,063.93
Miscellaneous Expenses: Classroom Floors Gifts for Students New Latrine Construction Purchase of New Land Construction of Admin Building Doors & Windows Benches Opening/Closing Bank Account Total Miscellaneous Expenses
$ 855.90 $ 64.73 $ 2,850.39 $ 500.00 $ 401.56 $ 600.00 $ 351.54 $ 240.63 $ 5,864.75
TOTAL EXPENSES INCOME AFTER EXPENSES:
Total Fees Paid Revenue - Fees % Devoted to Mission:
$ 551.16 $ 19,518.02
STAY CONNECTED WITH US www.TheSomeroProject.org Check out our newly upgraded website which is packed full of information on our organization and the children that your support and donations are directly impacting in Kotolo, Uganda. Visit us at www.TheSomeroProject.org today for... Information about our organization Answers to common questions Photo galleries of the school, students, and ongoing projects Event calendar Blog with stories about the children Teacher and board member bios And much more!
Follow The Somero Project at…. Facebook: www.facebook.com/TheSomeroProject Twitter: www.twitter.com/SomeroProject Instagram: www.http://instagram.com/TheSomeroProject Blog RSS Feed: www.TheSomeroProject.org/feed
Published on May 22, 2014
2013 financial report for The Somero Project, a non-profit organization committed to providing education to the underprivileged children of...