Every rupee counts, and we count every rupee.
Our community partners are our largest single donor group. In 2017-18, local residents have donated 13,650 full days of manual labor to our projects, and transported over 870,000 kgs of materials to project sites. This has a value of over $149,467 calculated at local rates. We have a responsibility to our donors and our communities to ensure that every cent of project funds is properly spent and accounted for.
Large Public Audit Banners posted in public view at each project site display all of our budgets and expenditures – allowing everyone in the community to know exactly how funds are spent. Everyone is encouraged to ask questions and provide feedback. Once a project is completed, community members sign the banner – thus indicating their approval that all funds were properly used for the public good.
This transparency carries through all financial controls in our Nepal and US headquarters – covering all of our transactions from the villages to the US Internal Revenue Service. While the State of Colorado does not require financial audits by law, we choose to undergo this rigorous process as an opportunity to improve our systems, and to demonstrate that we are spending our donor funds with integrity.
Our accounts are audited by Gelman, Rosenberg, and Freedman – a leading accounting firm that specializes in international non-profits.
We are proud of our financial systems, and our audited accounts and IRS documents are all available for download below. Please feel free to ask us anything about our projects, budgets, or anything.
We also diligently update our financial record publicly as required by the Government of Nepal in the “Aid Management Platform” website of the Finance Ministry. You can check out our page with all the project budget, and expenditure details.