FINANCIAL HIGHLIGHTS FOR THE 2008 FISCAL YEAR

Funding Sources

• For the year 2008, individual donations accounted for 77% of income.
• Event-related income such as ticket and auction item sales generated 21% of income, not including pledges to the Fund-A-Library campaign.

Treasures of Wisdom Campaign

• Our Treasures of Wisdom Campaign generated $240,544.00 in 2008. Its goal is to raise $1.08 million by the end of 2009.

Program Activities

• The Tibetan Aid Project spent $291,050.00 on program services in 2008. Of this amount, 92% was devoted to the production, shipment, and distribution of Tibetan texts, art, and prayer wheels.
• TAP and its affiliates are 100% volunteer organizations, which means staff wages are not part of program service expenditures.

Program/Supporting Services Breakdown

• Program services accounted for 69% of total expenses.
• Supporting services, such as fundraising and administrative expenses, accounted for 31% of total, or $134,385.00.

Balance Sheet

• Change in net assets: $100,250
• Net assets at beginning of year: $149,903
• Net Assets at end of year: $250,153

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.

Click to download the 2008 Form 990