2008 Earnings

Here are some highlights from the 2008 financial report presented at the Annual General Meeting on May 28:

Income from angels and donations: $84,453.01
Expenses: $3648.44
Net Income: $ $80,804.57
Expenses as percentage of income: 4.6%

Disbursement to projects (mainly using 2007 income):

• Zambia orphanage and agriculture project: $17,000, plus $6000 special donation for a well
• Malawi agriculture, student support and food support: $3000 plus $21,000 special donation from Saltspring Seeds for Malawi
• South Africa hospital Born to Live program: $20,000
• South Africa orphanage and outreach: $14,000 plus $1260 special donation for schooling

Total disbursements in 2008: $82,260