Treasurer’s Report 2016

December 21st, 2016 by Ruth Nighswander, Treasurer, MCV Board

Missed the 2016 MCV Newsletter in the mail? Read it here on the blog. Read more stories from the newsletter here

Although our official thank you to donors is written in the receipt by our bookkeeper, we thank our supporters throughout the year! You all have helped with the many needs of our orphans and other vulnerable children: education, housing, health, clothes, food and clean water.
We receive student appreciation and follow them as they graduate, get, jobs, give back to the community and send thank you notes to donors.
You can be proud of your contributions. You are truly helping many children in the 38 villages served.

October 1, 2015 – September 30, 2016

Revenue            

Direct Public Grants            $14,815
Direct Public Support        $173,786
Other Types of Income             $146
Total Revenue                     $188,747

Expenses

Supporting Services

 Business License                          $50
 Bookkeeper                             $4,800
 Tax Preparation                         $750
 Bank Fees and Wire Costs       $626
 Insurance                                 $1,408
 Newsletter & Thank You’s      $3,791
 Supplies                                      $196
 PayPal Fees                                $722
Website Fees                              $217
 PO Box Rental                           $348
Total Supporting Services       $12,907

Program Services

 Grants                                       $55,100
 Designated Funds                 $84,435
 Orphan School Tuition         $21,050
 Total Program Services        $160,585

Total Expenses                     $173,492

MCV Foundation has no paid staff and our board members pay all of their own expenses. As the activity statement above indicate, 92% of last years expenses were invested directly in programs and support in Malawi.

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