We exist for the sake of making this world a better place for all. And we believe that this world gets a little bit better when we're open and honest with one another. So here's a peak into our financials. Got questions or concerns? Feel free to contact us or our board of directors.
$54,000 to be raised for our programs
$25,000 to be raised in designated donations to our partners
Salaries: $23,500 (included in above costs)
$54,323 raised for our programs
$20,503 raised in designated donations to our partners
Salaries: $19,355 (included in above costs)
$24,143 raised for our programs
$11,960 raised in designated donations to our partners
A few explanations:
- 2016 was our first year, we so spent much of that time creating Cultivate and fundraising for our future programs.
- Our commitment is to building an organization that is financially healthy and sustainable, so a portion of funds raised are being retained for future program expansion and unforeseen expenses.
- All donations that are designated to our partners' programs are disbursed to those programs and are not reflected in our expenses. Eight percent of all designated donations are retained by Cultivate to cover credit card processing fees, bank fees, accounting, and other costs associated with accepting, managing, and disbursing those funds.
- We know that strong, well-managed nonprofits aim for 80% of all their expenses to be allocated to their programs and that is our goal. As any startup organization, it takes more resources to initiate an effort than it does to maintain it. So we ask that you be patient with our administrative expenses, knowing that we're working diligently to lower these costs and focus our efforts on our programs.