Global Communities takes pride in being responsible and effective stewards of our donors’ funds. We have among the tightest financial controls in the NGO community and undergo regular thorough external reviews. We have been a low risk auditee for the past five years and have received an unqualified/unmodified audit opinion during that period. Furthermore, we annually engage with an external audit firm to conduct an independent review or audit for all our international locations to ensure that our field offices are in compliance with our policies and procedures. 

Combined Statement of Activities and Changes in Net Assets for the year ended 
September 30, 2013

Revenue and support
Grants 119,474,651
Contracts 11,726,146
In-kind contributions 463,886
Interest and investment income 23,721,675
Other income 1,900,764
Contributed services and goods – non GAAP 19,279,049
Total revenue and support 176,566,171
   
Expenses
Technical assistance 111,528,697
Capital assistance 17,968,975
General and administrative 16,626,382
Fundraising 905,058
Contributed services and goods – non GAAP 19,279,049
Total expenses 166,308,161
   
Change in net assets before other items 10,258,010
   
Other items
Currency gain (loss) (657,307)
Net gain from related entities 2,721,421
   
Change in net assets 12,322,124
   
Total net assets at the beginning of fiscal year 137,007,886
Gain resulting from the transfer of ownership (LEDFC) 2,588,462
Proceeds from issuance of units (VITAS group – Global Communities holding company) 261,500
Total net assets at the end of fiscal year 152,179,972
   
Total unrestricted net assets at the beginning of fiscal year 93,678,658
Total unrestricted net assets at the end of fiscal year* 102,722,458
   
* Related entities noncontrolling interest 2,241,166
   
General, administrative and fundraising expenses as a percentage of total expenses 
10.5%

For more information on our financials view our 990s for year ended 2013 and 2012You can find previous 990s here.

View our Combined Financial Statements for 2013 and 2012.