HOPE FOR HAITI, INC. AND AFFILIATE

Background and About the Country

Hope for Haiti, Inc. (HFH or the Organization) is an innovative and creative international development organization that has been working in Haiti for 29 years.

The Organization partners with private donors to create community-based sustainable change through a grassroots and strategic holistic approach.

Haiti is a former slave nation

Became independent in 1804

Is a least developed country in the western

It has diseases and natural disasters

Mission

To improve the life quality for people specially children by

Education programs

Health care and nutrition programs

Clean water programs

Economic growth

Infrastructure

Financial Statement Information

The consolidated statement of financial position is June 30, 2017

The related consolidated statements of activities, functional expenses, and cash flows, for the year then ended, and the related notes to the consolidated financial statements

The conducted their audit in accordance with auditing standards generally accepted in the United States of America.

Impact

Education Program is to improve the access and quality of education in southern Haiti by investing in and partnering with key education partners and institutions.

From 2016-2017, the Organization subsidized the salaries of 416 primary and secondary teachers (equal to $222,000) at their 24 partner schools in southern Haiti, impacting the lives of 7,292 students.

The Organization shipped medications and medical supplies valued at $20,348,666 USD that went toward supporting a healthcare network of 21 providers, in particular, the Organization’s Infirmary St. Etienne that served 13,181 patients.

the Organization provided over 100,000 Haitian people with access to clean water through 22 sites

Revenue and Expenses

In June 30, 2017, special events revenue is recorded net of special events related expense of $99,116.

They earned their revenue while support is recognized when contributions are made, which may be when cash is received, unconditional promises are made, or ownership of donated assets is transferred to the Organization.

Expenses, including advertising expenses of $47,620 incurred for the year ended June 30, 2017, are reported when costs are incurred

The largest expense category is gift-in-kind

The smallest expense category is postage and shipping

Net Assets

Undesignated is $ 5,696,711

Equity in property and equipment is $881,562

Disaster relief–Hurricane Matthew is 803,691

PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of June 30, 2017, consists of:

Buildings and improvements $ 747,471

Computer and office equipment 22,518

Software 122,223

Vehicles 539,598

Less accumulated depreciation (550,248)

Property and equipment, net $ 881,562

CONCENTRATION

the Organization received 50% of total contribution support from three donors.

the Organization received 73% of total gifts-in-kind support from one donor.