March 27, 2003

Top Heavy We Ain't

Just in case you might be thinking “why don’t they just pare down their overhead expenses and become an organization that just runs projects?”, we would like you to understand a little bit about how we operate:

• We spend less than 20% of our revenues on administrative expenses

• Most of what we spend on administration is either directly or indirectly about keeping our projects going

• These are some of the other essential things that core funding is needed for:

- Responsible bookkeeping and reporting
- Keeping the board informed and meeting their legal obligations
- Building strategic partnerships
- Internal evaluation to make sure the organization lives up to our mandate, and is both socially and fiscally accountable
- Attempting to communicate regularly with our grads, staff, funders and community partners/allies
- Raising the profile of our organization so that the student’s and our programs get the attention and the funding they deserve
- Working with community-based organizations and potential funders to develop programs

Posted by ames at March 27, 2003 03:29 PM
Comments

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