Finance and Accounts

From Noolaham Foundation
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Noolaham Foundation is a non-profit organization. While Noolaham Foundation's Executive and many other teams mostly consist of volunteers, there are some staff members who carry out program work. We also have equipment, hosting, software, and operating expenses. Currently, Noolaham receives most of the funding as in-kind donations.

We also receive funding from

  • Individuals and
  • Charitable Foundations and other instituitions

Funds are received as

  • General funding or
  • Project funding

Noolaham Foundation has a transparent acccounting mechanism which by every cent is accounted for and reported to the public through this website. We always strive to efficiently utilize our funds. The Executive Division and Finance Division of the Foundation 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 in kind donations as well as monetary donations towards Noolaham Foundation's activities. For instance organizations such as literary associations, old school associations, and temples have donated towards the Foundation's projects. Many individuals have donated in memory of their loved ones. Currently, we have put forward several grant proposals to large institutions. We are introducing a Noolaham Sponsorship program, where we encourage individuals and organizations to contribute in an on-going basis. Please see Benefactors page for the list of some of the contributors.

Budget

The Foundation currently functions with a monthly budget of Rs. 100,000.00. The expenses include Program salaries, internet connectivity, printing expenses, stationary etc. This monthly budget covers ongoing expenses of the programs.

Please see Donate page for details about how you can make donations towards the activities of the Foundation.

You may also visit Benefactors page for details about the leading donors and Donations 2005 - 2010 page for a comprehensive list of all donations received since December 2004.

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 are prepared after each year end (December 31st) and are included in the Annual Report.


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.

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