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
To improve the life quality for people specially children by
Health care and nutrition programs
Clean water programs
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.
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
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
Less accumulated depreciation (550,248)
Property and equipment, net $ 881,562
the Organization received 50% of total contribution support from three donors.
the Organization received 73% of total gifts-in-kind support from one donor.