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Below is a summary of Robin Hood's most recent revenue and
expense data. A copy of
Robin Hood's audited financial statements and/or our most recently filed IRS
Form 990 is available upon request. To view Robin Hood's
IRS Form 990, follow this link: www.guidestar.org. Click here for information about how to obtain a copy of our latest financial report.
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Robin Hood's board of directors pays
for all administrative and fundraising costs.
100% of your donations pay for grants
and initiatives to fight poverty.
STATEMENT OF REVENUE AND EXPENSES (UNAUDITED)
For the year ended December 31, 2010
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$ Millions
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Non-board
contributions*
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Board
contributions** |
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Total |
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| REVENUES |
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| Contributions |
$95.5 |
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$57.0 |
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$152.5 |
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| Net gains on board-donated
investments |
- |
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$7.6 |
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$7.6 |
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| Total
Revenues |
$95.5 |
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$64.6 |
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$160.1 |
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| EXPENSES |
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| Program: |
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| Grants*** |
$98.3 |
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$5.3 |
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$103.6 |
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| Charter High School
committments |
- |
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$27.4 |
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$27.4 |
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Evaluations and consulting services
for
grantees
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- |
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$1.3 |
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$1.3 |
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| Program
salaries and overhead
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- |
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$7.3 |
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$7.3 |
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| Subtotal - Program |
$98.3 |
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$41.3 |
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$139.6 |
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| Fundraising and Public Information: |
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| Communications and events
production |
- |
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$8.7 |
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$8.7 |
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| Development salaries and overhead |
- |
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$6.3 |
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$6.3 |
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| Subtotal - Fundraising and Public
Information |
- |
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$15.0 |
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$15.0 |
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| Administration
salaries and overhead: |
- |
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$3.2 |
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$3.2 |
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| Total expenses |
$98.3 |
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$59.6 |
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$157.9 |
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| Change in net
assets |
($2.8) |
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$5.0 |
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$2.2 |
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| Total net assets,
beginning of the
year |
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$273.8 |
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| Total net assets,
end of the
year |
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$276.0 |
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| Total net
assets |
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$276.0 |
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| Less: donor
restricted for future capital projects |
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($25.4) |
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| Less: other donor
restrictions (timing, purpose) |
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($2.7) |
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Less: Board
designated for 2011
program
spending |
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($110.0) |
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| Less: Board
designated for high schools |
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($51.6) |
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| Less: Restricted
cash & fixed & illiquid assets |
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($10.4) |
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| Less: Board
designated for 2011 overhead** |
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($28.0) |
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| Spendable net
assets at 12/31/10**** |
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$47.9 |
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*100% of non-board contributions pay for grants and initiatives within one
year. 2010 contributions will be used to pay for grants
and initiatives in 2011.
**100% of all overhead costs are covered by board donations.
***Grants are net of prior-year recissions.
****Spendable net assets are the net assets that remain after subtracting
all liabilities, commitments and illiquid assets. This is Robin Hood's reserve
fund.
©2002-2011 Robin Hood Foundation
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