FINANCIAL STATEMENTS

Click to download the 2010 Form 990

Click to download the 2009 Form 990

Click to download the 2008 Form 990

FINANCIAL HIGHLIGHTS FOR THE 2010 FISCAL YEAR

Funding Sources

• For the year 2010, individual donations accounted for 57% of income, while affiliated organizations’ donations accounted for 15% of income.
• Event-related income such as ticket and auction item sales generated 25% of income, not including pledges to the Fund-A-Library campaign.

Treasures of Wisdom Campaign

• By the end of 2010, our Treasures of Wisdom Campaign met the goal of raising $1.08 million over the period of four years.
  

Program Activities

• The Tibetan Aid Project spent $407,874.43 on program services in 2010. Of this amount, 74% was devoted to the production, shipment, and distribution of Tibetan texts, art, and prayer wheels.
• TAP also contributed 24% of this amount as Earthquake Relief Funds.
• TAP and its affiliates are 100% volunteer organizations, which means staff support is not part of program service expenditures.

Program/Supporting Services Breakdown

• Program services accounted for 71% of total expenses.
• Supporting services, such as fundraising and administrative expenses, accounted for 29% of total, or $169,317.95.

Balance Sheet

• Change in net assets: ($132,310)
• Net assets at beginning of year: $250,153
• Net assets at end of year: $117,838

Other Information

The Tibetan Aid Project’s financial records are carefully maintained and reviewed annually by a Certified Public Accountant.
Please contact the Tibetan Aid Project office for more detailed financial information, including audited financial statements.