AFNK Key Financial Statistics For Fiscal Year 2005
AFNK is a financially responsible organization, striving to keep overhead and general expenses as low as possible. In our most recent fiscal year ending October 2005, AFNK’s audited financial results showed that our General and Management expenses were 3% of total annual expenditures. AFNK has only 1 part-time salaried employee. All AFNK officers and members of the Board of Directors are unpaid. 6% of total expenditures went to Fundraising, leaving over 90% to support the critical mission of Neot Kedumim.
| INCOME: |
| |
FY 2005 |
FY2004 |
% change |
| Revenue From Donations and book sales
|
$123,488 |
$90,753 |
+36% |
ANALYSIS OF EXPENDITURES |
|
| |
FY 2005 |
% of Total Expeditures |
| 1. Fundraising Expenses |
$8,059 |
6% |
| 2. Management & General Expenses |
$4,255 |
3% |
| 3. Direct support to Neot Kedumim |
$118,053 |
91% |
| |
3A. Cash transfers to NK in Israel |
|
$97,803 |
| |
3B. Support for NK’s educational programs in the US and Canada (1) |
|
$20,250 |
| |
|
|
| TOTAL EXPEDITURES |
$130,367 |
|
100% |
1. Neot Kedumim's educational programs in the U.S. and Canada are under the direction of NK in Israel . These programs are jointly produced by NK and AFNK and are critical to NK’s educational mission. These educational activities raise additional funds, which in turn are sent to NK in Israel . The educational programs also encourage groups to visit Neot Kedumim, thereby adding to NK’s annual revenue. |
