Difference between revisions of "Finance and Accounts"
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| − | Noolaham Foundation is a non-profit organization. While Noolaham Foundation's | + | Noolaham Foundation is a non-profit organization. While Noolaham Foundation's Board of Directors, regulatory Board and many other teams mostly consist of volunteers, we have employed a number of staff members to maintain our Programs and carry out the Projects. We also have equipment, communication, hosting, software, and other operating expenses. |
| − | + | To pay these expenses, we receive donations from | |
* Individuals and | * Individuals and | ||
| − | * Charitable Foundations and other | + | * Charitable Foundations and other institutions |
Funds are received as | Funds are received as | ||
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* Project funding | * Project funding | ||
| − | Noolaham Foundation has a transparent | + | Noolaham Foundation has a transparent accounting mechanism which by every cent is accounted for and reported to the stakeholders and public through this website. We always strive to efficiently utilize our funds. The Steering Board and Finance Team are responsible for raising funds for projects and activities and keeping records to prepare financial statements. Accounting related activities are managed by [[Finance Team]] |
==Fundraising== | ==Fundraising== | ||
Revision as of 06:01, 10 August 2014
| Donate |
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Account Name: Noolaham Foundation |
| Other |
| In kind donations and other contributions needed |
| Donation Details |
Noolaham Foundation is a non-profit organization. While Noolaham Foundation's Board of Directors, regulatory Board and many other teams mostly consist of volunteers, we have employed a number of staff members to maintain our Programs and carry out the Projects. We also have equipment, communication, hosting, software, and other operating expenses.
To pay these expenses, we receive donations from
- Individuals and
- Charitable Foundations and other institutions
Funds are received as
- General funding or
- Project funding
Noolaham Foundation has a transparent accounting mechanism which by every cent is accounted for and reported to the stakeholders and public through this website. We always strive to efficiently utilize our funds. The Steering Board and Finance Team are responsible for raising funds for projects and activities and keeping records to prepare financial statements. Accounting related activities are managed by Finance Team
Fundraising
Various individuals and institutions contribute monetary donations towards Noolaham Foundation's activities. Organizations such as literary associations, and temples have donated towards the Foundation's projects. Many individuals have donated in memory of their loved ones as well. We are introducing a Noolaham Sponsorship program, where we encourage individuals and organizations to contribute in an on-going basis.
We also receive funding from larger institutions for specific projects or for the Foundation's ongoing programs. Please see Benefactors page for the list of some of the contributors.
Budget
The Foundation currently functions with a monthly budget of Rs. 300,000.00. The expenses include Program Salaries, rent, communication expenses, internet connectivity, equipment maintenance, printing expenses, stationary etc. This monthly budget covers ongoing expenses of the programs.
Accounts
Most of the monetary donations towards the Foundation are received through the bank account (See Donate page for account details). A petty cash amount (currently Rs. 20,000.00 to Rs. 25,000.00 is maintained by the Chief Operating Officer for small or non regular expenses.
Summary of Accounts are updated in a regular basis (monthly or at least quarterly) at the Foundation website. Financial Statements were prepared after each year end (December 31st) and are included in the Annual Report.
- Donations 2005.01.15 - 2014.07.28
- Financial Statements and Auditors' Report 2013
- Financial Statements and Auditors' Report 2012
- Financial Statements and Auditors' Report 2011
- Financial Statements 2010
- Financial Statements 2009
- Financial Statements 2005 - 2008
Annual Reports
The above linked accounts (except the 2011 summary) are extracts from our past Annual reports. Please read/download our past Annual Reports for in depth information related to the donations, expenses and financial statements.
