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ABOUT US: Financial Information
Chief Financial Officer's Report | Expenses Pie Charts
Condensed Financial Information for the year ended June 30, 2007
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OPERATING SUPPORT AND REVENUE: |
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Contributions |
$13,601,976 |
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Contributions in-kind |
5,065,693 |
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Grants and contracts |
89,011,594 |
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Other investment income |
260,624 |
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Total operating support and revenue |
$ 107,939,887 |
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OPERATING EXPENSES AND CHANGES IN NET ASSETS: |
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Program services |
$85,009,991 |
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Fundraising |
1,643,770 |
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Management and general |
7,253,790 |
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Total operating expenses |
$93,907,551 |
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Surplus of operating support and
revenue over operating expenses |
14,032,336 |
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Non-operating activity |
865,606 |
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Increase in net assets |
14,897,942 |
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Net assets, beginning of year |
18,279,147 |
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Net assets, end of year |
$33,177,089 |
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Expenses by Cost Center
Expenses by Region
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Chief Financial Officer's Report
In its 50-year history, Pathfinder International has not only grown in size and impact, but financially as well. From a budget of $35,000 in 1957, total operating support and revenue has increased to nearly $108,000,000 for the fiscal year ended June 30, 2007.
As ever, we are guided by principles of sound financial stewardship: our priority is to support direct services and field operations, with a minimum of administrative overhead. We continue to diversify our funding sources—with a strong focus on unrestricted support—to ensure vital services remain available, despite changes in the political climate here and in the field. We foster efficiency and accountability by maintaining strong financial controls in the US and abroad. These practices contribute to Pathfinder’s success in building human capital at the local level and ensuring programs are sustainable.
The financial information presented here is drawn from the audited financial statements of Pathfinder International, which were prepared in conformity with generally accepted accounting principles. Copies of the audited financial statements are available upon written request to our headquarters office.
Beverly Morris Armstrong
Vice President, Finance and Administration
*We received an unqualified opinion from our independent public accountants, McGladrey & Pullen, LLP, in their report to the Board of Directors, which was issued on October 31, 2007.
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