2018 Financial Scorecard
“Strive not to be a success, but rather to be of value.” By Albert Einstein
When we began the 2018 year, our expectations were just as high as in previous years. Our historical success provided good reasons to look forward to 2018 with confidence.
Annual Fund Raising Successes!
Kicking off January 2018, we launched the dual fundraising campaign to support the Anne G. Broady Scholarship Fund and support for the Executive Director’s annual salary.
The Anne G. Broady Scholarship Fund goal was again set for 15 scholarships or $1,500.00. The actual amount raised with donations totaled $1,750.00.
The financial goal to support the Executive Director’s Salary was set at $2,500.00 and was successfully achieved with a final total of $2,600.00. I wish to note this goal was reached nearly a month earlier than planned.
Copey Learning Center is grateful for the level of financial support provided by “Friends” for both of these financial goals. We now have five years of scholarships (100 plus) donated and our support for the Executive Director’s salary has been in place for four years.
The investments in both areas of funding support have resulted in more students learning English and the Copey Learning Center enjoying competent and consistent leadership.
Successful Financial Year for the Pathway Project!
The 2018 Pathway Project fundraising goal was originally set at $6,500.00 to cover round trip costs and related expenses from Copey, Costa Rica to the USA and back home for two students and two chaperones.
During the fundraising campaign, some planned travel and food costs where eliminated when “Friends” offered to replace these costs with valuable in-kind support. The goal was cautiously reduced from the $6,500.00 goal to $6,200.00.
The total amount of donations received was $6,180.00 and the total expenses were $5,907.72. The airfare alone made up 75% of our total expenses. This left $272.28 unspent and these funds are being held over for the 2019 Pathway Project.
One key observation this year was the growing amount of in-kind support we experienced for the Pathway Project. This kept our overall financial need very reasonable.
Each year, we have donated funds for school supplies and we have supported the annual “Spelling Bee”. Fortunately, this year the Copey Learning Center received an unbelievable donation of school supplies. There will be more said about this in next week’s Post.
The “Spelling Bee” was canceled in 2018 due to the Costa Rican “employee strike” which involved public schools and teachers. No funds were needed for the “Spelling Bee”.
“Friends” has an important role. We actively help provide opportunities so more students can attend the Copey Learning Center. We support keeping quality and consistent leadership in place to manage the Copey Learning Center. And, we support recognizing, rewarding, and encouraging student success.
“Friends” continues to strive to make a practice of requesting donations only when we are supporting one of the general areas covered in this report. And each time there has been a call for support, you have responded favorably and generously to the opportunity to “make a difference”.
Thank You and Happy Holidays