2011 financial report
Sources of Support, Uses of Funds, Statement of Activities, Balance Sheet
I am pleased to report that future funding commitments made by donors increased by nearly 40 percent, from $42.8 million in 2010 to $59.3 million in 2011. The number of awards increased by 41 percent. These increases help maintain the Council's financial health and ensure that we have the resources to continue our vital work. The chart on the following page provides information on the Council’s sources of support.
Program spending in 2011 totaled $72.3 million, representing 85 percent of the Council's total operating expenses. For every dollar spent, 85 cents goes directly to research and programs, demonstrating our commitment to our mission. Continued improvements in infrastructure have led to greater operational efficiencies in the Council's management, resulting in a decline in supporting services costs.
As a consequence of market volatility, the Council's investment portfolio experienced a
$4.6 million decline. We closely monitor the Council's financial status and remain committed
to the fiscal discipline necessary to maintain our record of accomplishments. Readers interested in learning more about the Council's finances can consult http://popcouncil.org/who/financials.asp.
I would be pleased to answer any questions and can be reached at firstname.lastname@example.org.
Chief Financial Officer and Treasurer