PROETICA Formulario Iniciativa Regional RENDIR CUENTAS f..xlsx

Transcription

Iniciativa regional por la transparencia y la rendición de cuentas de las organizaciones de la sociedad civil - Perú 2011
Formulario
RENDICIÓN SOCIAL DE CUENTAS
Fecha:
22 de Setiembre 2011
Claudia Sanchez - Coordinadora unidad MEDARC (Monitoreo, evaluacion, desempeño, aprendizaje y rendicion de cuentas)
Persona que contesta el formulario:
Nelly Bendezu - Asesora rendicion de cuentas
Recuerde, con el ánimo de garantizar la transparencia y la responsabilidad por lo que reporta, que la información que se brinda en este
formulario será públicada en una página web.
1. DATOS DE IDENTIFICACIÓN Y UBICACIÓN DE LA ORGANIZACIÓN
1.1 Nombre de la organización:
CARE PERU
1.2 Sigla CARE PERU
N/A:____
1.3 Ubicación de la sede principal en el país
Dirección:
Av. General Santa Cruz N° 659 , Distrito de Jesús María
Teléfono:
Ciudad:
Lima
Web:
www.care.org.pe
E-mail:
[email protected]
Fax:
511-4334753
Departamento / Provincia /
Lima - Perú
511-4171100
Facebook: http://www.facebook.com/CAREenPeru
05/01/1953
Twitter:
11010125
Blogg:
Superintendencia Nacional de los Registros Públicos
Scribb:
1. 4 Fecha de constitución (dd/mm/aaaaa) :
1.5 Número de Registro de la Persona Juridica:
1.6 ¿Qué organismo la expidió?
1.7 Fecha de otorgamiento (dd/mm/aaaaa):
http://twitter.com/#!/careenperu
http://es.scribd.com/careperu
05/01/1953
Nota Aclaratoria: Care es una organización internacional de desarrollo, sin fines de lucro, sin fines políticos ni religiosos, constituida con la finalidad de mejorar la vida de la población desprotegida. Care en el Perú inicia sus acciones como una ASOCIACION constituida en 1953, bajo la administración de CARE USA. A partir del año 2010 emprendimos un proceso de Evolución Organizacional que busca transformar a Care Perú en una organización nacional independiente que le permitirá convertirse en miembro directo de Care Internacional, este proceso implica un conjunto de cambios y modificaciones en las cuales venimos trabajando actualmente. 1. 8 Naturaleza legal de la organización (tipo de personería jurídica)
Asociación civil
Fundación
Cooperativa
Corporación
Federación
Confederación
1.9 ¿Es un capítulo, sucursal u oficina nacional de una organización internacional?
si
x
x
Sucursal
no
1.10 Nombre del o de la representante legal
1.11 ¿Tiene sedes en otras ciudades del país?
1.12 Nombre de las ciudades
Asociación
MILOVAN STANOJEVICH
si
x
no
Ancash, Apurímac, Ayacucho, Cajamarca, Cusco, Huancavelica, Ica, Junín, Lima, Puno
2. OBJETIVOS
Objetivo: Contribuir a la reducción de los factores que generan la pobreza, la inequidad y la exclusión, a través de la acción integrada de procesos de desarrollo social, ambiental, económico y político.
Misión: Servir a las personas y a las familias de las comunidades más pobres del Perú, fortaleciendose de su diversidad, recursos y experiencia a nivel mundial; promovemos soluciones innovadoras, abogando por la responsabilidad global, facilitando, fortaleciendo la capacidad de fortaleciendo las capacidades de otras organizaciones, gobiernos y grupos de base, brindando oportunidades económicas, ayudando en emergencia, autoayuda, haciendo incidencia pilítico local, regional y nacional, y abordando la discriminación en todas sus manifestaciones, Es requisito adjuntar copia de los Estatutos
Estatuto Care Perú 1953 (ver adjunto)
Y nuevo estatuto 2010 (ver adjunto)
3. ORGANOS DE GOBIERNO Y CONTROL
Organigrama (adjuntar si fuera posible )
Adjunto Organigrama
3.1 ¿Cuáles son los organos de gobierno de la organización? Por ejemplo: Asamblea de Socios, Comisión/Junta/Consejo Directivo, Dirección Ejecutiva.
Órgano de Gobierno de Care Perú: Junta Directiva
Instancias de Decisión y Gestión:
Equipo Ejecutivo y Equipo Ejecutivo Ampliado
3.2 Nombres de los Integrantes de la Asamblea y Consejo Directivo o máximo órgano de gobie CONSEJO DIRECTIVO CARE PERÚ
Mariano Paz Soldán (Presidente del Consejo Directivo)
Peter Buijs
Inés Temple (Vicepresidenta del Consejo Directivo)
Richard Webb Duarte
Carolina Trivelli (Tesorera del Consejo Directivo)
María del Pilar Coll Torrente
Milo Stanojevich
Rocío Villanueva Flores
3.3 Nombres del Presidente/a , de la Comisión directiva, Comité de dirección, Junta
3.4 Nombre del Director o directora ejecutivo
MARIANO PAZ SOLDAN (Presidente del Consejo Directivo)
MILOVAN STANOJEVICH
3.5 ¿Tiene la organización otros órganos de control interno?
No
Si
x
Especificar
Controller
3.6 ¿Tiene la organización mecanismos de control externos?
No
Si
x
Especificar
Auditoría Externa de Care USA
3.7 ¿Tiene la organización una política de transparencia por escrito?
Describa que tipo de documentos
si
x
no
Política de Rendición de Cuentas y Transparencia.
Tenemos un espacio especial dedicado a todos los temas de rendicion de cuentas en la web: http://www.careenperu.org/rendicion-de-cuentas/
En este espacio esta disponible el reporte de sostenibilidad 2008-2009 de CARE Peru. Y la memoria institucional 2009 en la siguiente dirección
http://www.care.org.pe/pdfs/cinfo/libro/memoria2.pdf
3.8 ¿La política está disponible al público?
si
x
no
¿Dóndehttp://www.careenperu.org/rendicion
3.9 ¿Tiene la institución un código de conducta o de ética, o adhiere a alguno de alguna organización de segundo grado a la que pertenece
si x
no
4. CAMPOS DE ACCION
Líneas de trabajo (marque las tres principales)
Sectores de trabajo (marque las tres principales e indique el sub-sector de trabajo)
x
Asesoría / Asistenca técnica / Consultoría
Ciencia y tecnología
SUB-SECTORES CIENCIA Y TECNOLOGIA
x
Capacitación / Formación
Comunicación
SUB-SECTORES COMUNICACIÓN
Difusión / Comunicación / Campañas
Cultura
SUB-SECTORES CULTURA
Financiamiento / Crédito
Derechos de los consumidores
SUB-SECTORES DERECHOS DEL CONSUMIDOR
x
Incidencia / Cabildeo
x
Derechos humanos / Justicia
SUB-SECTORES DERECHOS HUMANOS/JUSTICIA
Investigación
x
Desarrollo comunitario / Local
SUB-SECTORES DESARROLLO COMUNITARIO Y LOCAL
Prestación de servicios / Asistencia directa
x
Desarrollo institucional
SUB-SECTORES DESARROLLO INSTITUCIONAL
Otros
x
Desarrollo rural
SUB-SECTORES DESARROLLO RURAL
Discapacidad
SUB-SECTORES DISCAPACIDAD
x
Educación
SUB-SECTORES EDUCACION
x
Empleo / Generación de ingresos / Desarrollo productivo
SUB-SECTORES EMPLEO / GENERACION DE INGRESOS / DLLO PRODUCTIVO
x
Género
SUB-SECTORES GENERO
X
Grupos étnicos
SUB-SECTORES GRUPOS ETNICOS
x
Medio ambiente / Recursos naturales
SUB-SECTORES MEDIO AMBIENTE Y RECURSOS NATURALES
Movilidad / Transporte público
SUB-SECTORES MOVILIDAD Y TRANSPORTE PUBLICO
Especificar:
x
Participación ciudadana / Democrática
SUB-SECTORES PARTICIPACION CIUDADANA / DEMOCRATICA
x
Prevención y atención de emergencias / Control de riesgos
SUB-SECTORES PREVENCION Y ATENCION DE EMERG / CONTROL DE RIESGOS
Recreación y deporte
SUB-SECTORES RECREACION Y DEPORTE
Salud
SUB-SECTORES SALUD
Vivienda / Habitat
SUB-SECTORES VIVIENDA / HABITAT
x
x
Programas de investigación
x
Incidencia
X
Pequeñas y micro empresas
Otros
Especificar:
5. POBLACIÓN OBJETIVO
Población objetivo según franja de edad (marque las tres principales)
x
Primera infancia
X
Niñez
Adolescentes
Jóvenes
x
Adultos
Adultos mayores
Población objetivo según :
Ámbito
Cuál ?
x
Internacional
Especificar
Primera infancia, niñez, adolecentes, jóvenes, adultos
x
Nacional
Especificar
Población urbana y rural
x
Regional
Especificar
Niños y niñas, jóvenes, mujeres, adultos
X Local
Ancash, Apurímac, Ayacucho, Cajamarca, Cusco, Huancavelica, Ica, Junín, Lima, Puno
Especificar:El detalle de nuestrso ambitos de trabajo se encuentra disponible en la memoria institucional 2009:
NA : ------------------------------------------------------------------------
6. PROGRAMAS O PROYECTOS
2010
55 PROYECTOS
6.1 Total de proyectos ejecutados en el año inmediatamente anterior:
6.2 Desagregado de Programas o proyectos en los que su organización trabajó en el año inmediatamante anterior
Para cada uno, por favor indique los siguientes datos
Por favor indique el criterio ha utilizar para incluir los proyectos que serán registrados (Por ejemplo: cobertura, impacto, presupuesto, etc)
N°
Nombre del programa (10
programas estrategicos en Nombre del proyecto
implementacion en 2010)
3 Educacion
4 Salud
5 Gobernabilidad
6 Gestion integrada de recursos hidricos
8 Desarrollo Economico sostenible
Presupuesto
Total del Py en Donante
US$
6,000.00 CARE Reino Unido - CIUK
Investigación sobre Programas de Transferencia
Condicionada en Perú, Bolivia y Ecuador
Explorar la forma en que los/programas de transferencias condicionadas de dinero
(CCTs por sus siglas en inglés) promueven la equidad de género y el
empoderamiento de las mujeres, tomando como casos los programas Juntos del
Perú, Bono Juana Azurduy de Bolivia y Bono de Desarrollo Humano en Ecuador, a fin
de obtener un marco analítico para analizar los tres programas desde una perspectiva
de género y de derechos de las mujeres.
Fortalecimiento institucional a Centro de
Capacitación a Trabajadoras del Hogar
Contribuir al fortalecimiento organizativo de las mujeres Trabajadoras del Hogar
Remuneradas incentivando procesos de reflexión e incidencia política sobre la
división sexual del trabajo y los derechos de las mujeres trabajadoras.
Fortaleciendo la educación y el liderazgo de las
niñas y adolescentes andinas del Perú
Contribuir a fortalecer las habilidades de liderazgo de las niñas indígenas, a promover
el ejercicio pleno de sus derechos y a asegurar su acceso a una educación de calidad
que sea pertinente a sus necesidades y a sus lenguas y culturas.
75,000.00 CARE USA
2 Igualdad de genero
Objetivo General
Por objetivo
Salud Materna, Neonatal y Gobernabilidad en Salud CARE will use the grant to invest in countries with high maternal death rates and
improve the quality and effectiveness of maternal health services. We will introduce
new technologies and innovations to strengthen health information systems. We will
analyze the underlying causes and map opportunities to guide strategies for improving
maternal health within each country context. Evidence-based data will be generated to
inform policy action and strategic partnership building at the national and global levels.
Mejora de la Gobernabilidad Local a través de la
participación de la Sociedad Civil
Incrementar la capacidad de gestión transparente y participativa de los gobiernos
regionales y locales mediante la acción de vigilancia de la sociedad civil.
Compensación por Servicios Ambientales en la
cuenca del río Cañete
Conservar los ecosistemas prestadores del servicio ambiental hidrológico en la
cuenca del río Cañete a través de la compensación por servicios ambientales,
contribuyendo así a la mejora de la calidad de vida de las comunidades ubicadas en
la cuenca del Río Cañete.
82,200.00 EEUU, Pvdo.- Fundación TOSA
188,984.00 EEUU, Gov - USAID
72,900.00 Suiza, Pvdo.- World Wildlife
Fund (WWF)
Implementación de Laboratorios - Proyecto Titicaca Colaborar y apoyar acciones técnicas, organizativas y administrativas vinculadas con
el desarrollo del Programa de Trabajo del Proyecto en Peru, las cuales permitirán al
PNUMA a través del Coordinador Técnico Internacional y actores en Peru lIevar a
cabo: visitas de campo, reuniones de trabajo, talleres y actividades de capacitaci6n,
entre otras.
170,000.00 Naciones Unidas
Promoviendo una microfinanza rural inclusiva
412,000.00 Barclays Bank
Promover de modo sostenible la utilización de productos financieros como: ahorros,
micro créditos y micro seguros, en un universo de 6,050 mujeres rurales beneficiarias
del Programa Juntos, fortaleciendo su vinculación individual con el sistema financiero,
promoviendo la asociatividad para la conformación de grupos de apoyo para el ahorro
y fortaleciendo su articulación a los mercados.
Fortalecimiento de capacidades técnicas en el
manejo de cadenas productivas de leche, ovino y
cuy en la Provincia de Mariscal Luzuriaga ANCASH
Mejorar las oportunidades productivas y comerciales para incrementar el ingreso
económico de los productores dedicados a la cadena de leche fresca, ovino y cuy en
la provincia de Mariscal Luzuriaga- Ancash.
783,502.43 PERU, Pvdo.- FONDO
MINERO ANTAMINA - FMA
Evaluación de impacto del Proyecto engorde de
ganado en el Altiplano Peruano
Desarrollar un riguroso estudio cuantitativo y cualitativo de los impactos socioeconómicos del proyecto "Generación de Ingresos y Empleo en unidades productivas
familiares del altiplano, mediante el desarrollo de cadena de valor de vacunos para
carne", que nos permitan presentar evidencia empírica con sólidos argumentos
teóricos y técnicos, de los impactos planificados y no esperados, así como de la
sostenibilidad de los mismos.
Calidad y Equidad en la Educación Intercultural en
Puno
El nivel de educación de la población de Puno, Perú ha sido mejorado y el sistema de
educación en el Departamento de Puno, permite una mejor participación de las
comunidades indígenas en la sociedad peruana.
12 Cambio climatico
Construcción de Resiliencia Comunitaria a las
Dimensiones Sociales del Cambio Climático y
Mejoramiento de la Equidad en la Adaptación a
través del Marco de Coaliciones para la Acción
Desarrollar un marco de trabajo como herramienta de investigación para mejorar el
apoyo gubernamental e institucional, incrementar la capacidad de adaptación al
cambio climático y formar coaliciones para la acción en torno a los impactos del
cambio climático en comunidades rurales.
13 Salud
Vida y salud para las y los recién nacidos de las
comunidades rurales de mayor pobreza en
Huancavelica
Mejorar el acceso de la población rural más pobre de las microredes de la Región
Huancavelica al paquete de intervenciones costo-efectivas de Salud Neonatal.
Proyecto Ventana de Oportunidad en Perú
Incrementar las prácticas adecuadas de Alimentación y Nutrición Materna Infantil ANMI (MIYCF).
Elaborar una metodología que permita desarrollar y fortalecer las capacidades en
veeduría y vigilancia ciudadana de servicios de servicios de salud, apoyando el
empoderamiento de mujeres indígenas y afrodescendientes del país, y promover el
derecho a la salud de los pueblos indígenas.
11 Educacion
14 Nutricion
15 Salud
16 Gobernabilidad
17 Gobernabilidad
19 Cambio climatico
24 Salud
Veeduría de Promoción y Atención de Salud
Materna con Enfoque Intercultural
Asimilando las lecciones de Bagua con la
participación activa de los pueblos indígenas
amazónicos
Contribuir al desarrollo de los pueblos indígenas con propuestas consensuadas entre
los principales actores involucrados en el espacio amazónico.
Transparencia y rendición de cuentas en el manejo Contribuir a la mejora de las condiciones de vida de las poblaciones y regiones de las
de PMSP y los fondos sociales
áreas de influencia de las actividades mineras, al desarrollar espacios, mecanismos e
instrumentos que promuevan la participación de la sociedad en la determinación del
gasto o inversión de las contribuciones mineras: tributos, regalías, aportes voluntarios.
Hacia la consolidación de la democracia con la
Promover el ejercicio al derecho de la participación y representación de hombres y
participación equitativa de hombres y mujeres en la mujeres, rurales y peri urbanas organizados, ampliando oportunidades diferenciados
gestión del desarrollo local en nueve distritos de la por género en la gestión del desarrollo local.
región Lima Provincias, Junín y Apurímac
Fortalecimiento de las Capacidades de adaptación a Desarrollar capacidades de adaptación y resiliencia especialmente en poblaciones
los efectos del cambio climático en el uso y gestión urbanas de la provincia de Huancayo frente a los efectos del cambio climático, con
del agua en áreas urbanas, Región Junín
énfasis en la gestión de recursos hídricos
108,000.00 Francia, Pvdo.- Societé
Générale
8,420.00 Banco Mundial
50,000.00 PERU, Donante Privado
750,059.20 The Sall Family Foundation
7,192.00 PERU, Pvdo.- Fondo de
Población de las Naciones
Unidas (UNFPA)
26,496.00 Canadá, Gob - ACDI
193,811.10 Italia, Gob. - Fondo Italo
Peruano
2,280,000.00 UN - Habitat
Servicios de Consultoría en Promoción Social y
Asistencia Técnica para la Implementación del
Modelo de Gestión en Servicios de Agua y
Saneamiento
Implementar el Proyecto Piloto en Pequeñas Ciudades del PRONASAR en las
ciudades capitales de los distritos de San Juan de Bigote y La Matanza, en la
Provincia de Morropón y Distrito de Cura Mori, de la Provincia de Piura en el
Departamento de Piura, con la finalidad de asegurar la sostenibilidad económica,
institucional, social y ambiental de los servicios e saneamiento.
194,440.99 PERU, Gob. - Ministerio de
Vivienda, Construcción y
Saneamiento
Fortalecimiento de la cadena productiva de ovinos
en la cabecera del río Santa - Ancash
Pequeños(as) productores(as) alto andinos de
Huancavelica articulados a los mercados
competitivos de papa nativa
Fortalecimiento de la cadena productiva de carne, lana y leche de ovino en los
distritos de la cabecera del río Santa.
Incremento de los ingresos económicos y generación de empleo en las familias de la
provincia de Acobamba - Huancavelica
656,703.78 PERU, Pvdo. - Fondo Empleo
Desarrollo Económico Inclusivo
Empoderar a hombres y mujeres para contribuir al desarrollo individual y familiar, a
través del incremento de sus ingresos económicos por el incremento de la producción
de cadenas de valor
303,548.00 EEUU, Pvdo. - Wal-Mart
Miradas Vigilantes, Ciudadan@s Actuantes:
Fortalecer las capacidades de organizaciones de la sociedad civil para la formulación,
Fortalecimiento de las Redes de Sociedad Civil para negociación y vigilancia de políticas y programas de salud que respondan a sus
una Maternidad Segura y Saludable
demandas sociales.
492,750.00 Comisión Europea
25 Gestion de riesgos y emergencia
Reconstrucción de viviendas en Chincha - Perú para Institucionalización de tecnologías para la construcción de viviendas rurales seguras y
saludables con la creación de políticas publicas y la incidencia política a los gobiernos
la institucionalización de las tecnologías de
nacionales y subnacionales para gestionar herramientas de fácil acceso al las familias
construcción de viviendas rurales seguras y
mas pobres.
saludables
26 Cambio climatico
PRAA - Fortalecimiento de las instituciones que
participan en el PRAA
SCAPES - Enfoques de Conservación Sostenible en Mantener la resiliencia de los ecosistemas de la Cordillera Real Oriental y sus valores
Ecosistemas Prioritarios (SCAPES): Conservación en biodiversidad frente al cambio climático.
de Biodiversidad frente a un Ambiente Cambiante
566,969.80 EEUU, Gov - USAID
27 Cambio climatico
SANEAMIENTO BÁSICO AMBIENTAL EN LA
SIERRA SUR (ampliación)
PRAA - Incremento de cobertura de servicios de
Agua y Saneamiento en el distrito de Santa Teresa Cusco
Brindar asesoría técnica al gobierno regional para contribuir a mejorar la calidad de
vida de la población rural del ámbito regional.
Contribuir a la disminución de la incidencia de enfermedades diarreicas y parasitosis
en las áreas rurales de la localidad de Santa Teresa
183,520.00 Suiza, Gob. - COSUDE
Empoderamiento de Mujeres en el Diseño de
Propuestas e Incidencia en los Procesos
Participativos con Enfoque de Equidad
Fortalecer las capacidades de las mujeres lideresas de los comedores populares y los
comités de vaso de leche del distrito de Puno y promover su intervención activa y
cualificada en los procesos de participación, gestión y desarrollo local.
31 Cambio climatico
PRAA - Buen Gobierno local y Responsabilidad
Social Empresarial para la Gestión integral de
microcuencas andinas en dos regiones del Perú
La finalidad de este proyecto es mejorar las condiciones de vida de las poblaciones
más vulnerables, especialmente mujeres y niños de la microcuenca de Santa Teresa
con un enfoque de adaptación al cambio climático.
32 Cambio climatico
Fondo de Innovación - Haciendo que los mercados El proyecto busca probar y aumentar la capacidad de CARE en ALC para utilizar los
de carbono funcionen para los pobres
mercados de carbono
Transferencia para fortalecer la gestión regional y
local en Agua y Saneamento.
34 Gobernabilidad
Promoviendo los derechos de las poblaciones
Fortalecer la participación e influencia de organizaciones indígenas amazónicas en
indígenas en la gestión de los recursos naturales de procesos de toma de decisiones sobre políticas públicas relativas a la gestión de los
la Amazonía en Bolivia, Ecuador y Perú
recursos naturales a nivel local, nacional y regional
29 Cambio climatico
Contribuir a fortalecer la resiliencia de los ecosistemas y las comunidades locales a los
impactos del retroceso acelerado de los glaciares en los Andes Tropicales.
1,356,330.00 EEUU, Gov - OFDA (Office of
Foreign disaster Assistance)
Brindar asesoría técnica al Gobierno Regional Cajamarca en la gestión del
conocimiento y poner a disposición el personal requerido para la V Fase del Proyecto
PROPILAS.
Salud Sexual y Reproductiva - Ampliación AHMAR
1. Utilizar el enfoque de AAS para explorar mitos y concepciones equivocadas sobre
planificación familiar, 2. Desarrrollar una comprensión integral sobre cómo la
planificación familiar y los derechos sexuales y reproductivos son entendidos en el
contexto de desarrollo del proyecto. 3. Trabajar con las y los adolescentes para
comprender sus valores, sentimientos y "masculinidad responsable".
Desarrollo sostenible de granos andinos y papa
nativa en la sierra de Ayacucho, Perú
Mejorar la situación económica (mejora de ingresos económicos) y la seguridad
alimentaria de 800 familias campesinas de 5 provincias de la región, mediante el
desarrollo de 3 cadenas productivas inclusivas como son la papa nativa, la quinua y la
kiwicha, incrementando los índices de productividad y rentabilidad permitiendo
además el acceso y disponibilidad de alimentos inocuos y de alta calidad nutritiva
para dichas familias.
35 Salud
66,895.30 EEUU, Pvdo. - PAL
29,000.00 CARE Peru
1,023,405.50 Canadá, Gob - ACDI
65,000.00 CARE USA
792,000.00 Suiza, Gob. - COSUDE
881,622.59 Comisión Europea
20,000.00 CARE USA
600,000.00 EEUU, Pvdo. - PAL
LIFT UP - Apalancando información del campo para Generar evidencia para la realización de incidencia política desde la experiencia de
la transformación de la política del Gobierno de
campo de CARE Perú cambio climático.
Estados Unidos hacía países en vías de desarrollo
145,884.00 CARE USA
37 Cambio climatico
Nueva educación Bilingüe Intercultural en Carhuaz
"MUSHUQ NAANINTSIK" (NUESTRO NUEVO
CAMINO)
Incrementar significativamente el número de niñas y niños, adolescentes mujeres y
varones de los niveles de educación inicial primaria y secundaria, que acceden a una
educación de calidad y pertinente a su lengua, cultura y contexto social.
776,942.00 Suiza, Pvdo. - CREDIT SUISSE
38 Educacion
Nueva educación intercultural en los andes EDUBINA "HATUN YACHAY"
Mejorar la calidad, promoción, acceso y equidad de la educación inicial, primaria y
secundaria (EBR), con participación de la comunidad, que responda a las demandas
de la realidad cultural, social y económica del ámbito del proyecto.
39 Educacion
1,966,891.80 PERU, Pvdo.- FONDO
40,848,622.00 Fondo Mundial
40 VIH - TB
Planes Nacionales Multisectoriales: Integrando
Disminuir la incidencia del VIH y SIDA en los grupos vulnerables, y prevenir el
recursos para la lucha contra el VIH/SIDA en el Perú incremento de casos en la población general, invirtiendo en la ejecución del Plan
Estratégico Multisectorial de lucha contra la infección, en sus actividades de
prevención de las ITS en población HSH y TS, en la población general, así como en
la prevención de la transmisión vertical del VIH, en un marco de integración y
alineamiento multisectorial de sus acciones que asegure su sostenibilidad y acceso
universal
Cerrando Brechas: Para Lograr las Metas de
Elevar el acceso y la eficacia de los tratamientos de TB y TBMDR, fortaleciendo la
Desarrollo del Milenio para la Tuberculosis en el
respuesta integral a la epidemia, fortaleciendo la respuesta integral a la epidemia.
Perú: Propuesta con un enfoque participatorio Multi
Sectorial Descentralizado
41 VIH - TB
Incremento Sostenible de los Ingresos Económicos Mejorar la calidad y competitividad del cacao orgánico fino de aroma de 1000
y Empleo de Pequeños (as) Productores (as) de
pequeños (as) productores (as) para articularse a mercados especiales de
Cacao Orgánico
exportación; ubicados en los distritos de las provincias de Jaén y San Ignacio;
permitiendo el Incremento sostenible de sus ingresos económicos y empleos.
Implementación de Planes de Negocio - Prosaamer Incremento de los ingresos económicos de pequeños(as) transformadores (as)
Cajamarca
mediante el mejoramiento de la calidad y competitividad del Chocolate de Taza; en la
provincia de Celendín.
Gobernabilidad en los Andes II
Contribuir a la promoción de ciudadanía y rendición de cuentas para un desarrollo
local más incluyente y sostenible en las regiones de Apurímac y Puno.
Proyecto de Reconstrucción Huancavelica
Apoyar a 2,000 familias de Huancavelica (Castrovirreyna y Huaytara) afectadas por el
sismo, en la reconstrucción y rehabilitación de la infraestructura social, productiva y
de sus viviendas, mejorando sus ingresos económicos a través de la recuperación de
sus medios de vida, y el fortalecimiento de los gobiernos locales, sustentados en
procesos de planificación participativa y gestión de riesgos.
44 Gobernabilidad
Desarrollo Socioeconómico y Restablecimiento de Contribuir a mejorar la calidad de vida de las familias pobres y en extrema pobreza,
los Medios de vida de las Familias Pobres Afectadas afectadas por el seísmo en Huancavelica
por el Terremoto del 2007 en la Provincia de
Huaytara-Huancavelica
La Bolsa de Productos : Un instrumento de acceso Vincular a los pequeños productores rurales a la demanda del mercado mediante un
al mercado para los pequeños productores rurales, instrumento transparente de intermediación comercial.
BPL-PROMESA / PERÚ
Generación de Ingresos y Empleo en Unidades
Productivas familiares del Altiplano, mediante el
desarrollo de la cadena productiva de porcinos
49 Salud
50 VIH - TB
Contribuir a la reducción de los niveles de pobreza en las familias que desarrollan la
actividad pecuaria en las provincias de Moho y Huancane. El proyecto se orienta a
que mediante el incremento de la productividad, el fortalecimiento de las
competencias en la crianza y engorde de porcinos, el fortalecimiento de las
organizaciones productivas y comerciales y la mejora de la articulación comercial los
productores y productoras de ganado porcino de las provincias de Huancane y Moho
en la región de Puno, desarrollen la cadena productiva de porcinos.
Fortalecimiento de la atención de las emergencias Contribuir en la reducción de la mortalidad y morbilidad materna neonatal con
obstétricas y neonatales en los servicios de salud, prioridad en la zona rural más pobre de la región
promoviendo el trabajo concertado con la sociedad
civil en la región Ancash.
Disminuir la incidencia del VIH en poblaciones vulnerables, mantener o disminuir la
Cerrando Brechas: Para Lograr las Metas de
Desarrollo del Milenio para el VIH SIDA en el Perú: prevalencia del VIH en población general para el año 2010 y aumentar el porcentaje
de cumplimiento con la altamente activa terapia antirretroviral (AATA)
Propuesta con un enfoque participatorio Multi
Sectorial Descentralizado
Consolidación del Proyecto de Sistemas de
Alcantarillado y Tratamiento de Aguas Residuales
de San José y José Domingo Choquehuanca
Mejora y consolidación de la intervención de las plantas de tratamiento y redes de
desagüe que garantizan un tratamiento eficiente de las aguas residuales y un sistema
de amortiguamiento agroforestal que utiliza las aguas residuales tratadas para el
riego, como respuesta a la problemática de contaminación del medio ambiente en
ambas localidades.
50,433.00 PERU, Gob. - Ministerio
Agricultura
5,000,000.00 Canadá, Gob - ACDI
188,400.00 ESPAÑA, GOBIERNO DE
NAVARRA
1,649,044.00 PERU, Pvdo.- FONDO
37,021.00 EEUU, Pvdo.- Bonnie Kies
53 Educacion
54 Educacion
Consultoría para la promoción Social, Capacitación,
diseño y Supervisión de las obras secundarias de
Agua Potable y Alcantarillado, convencionales,
condominiales y con piletas y letrinas en diversos
distritos del cono sur
Mejorar la calidad de vida de las familias pobres de los asentamientos humanos del
Cono Sur de Lima a través de la provisión de servicios de agua y alcantarillado
condominial así como fortalecer sus capacidades organizativas, de gestión y de
educación sanitaria.
Calidad y Equidad en la Educación Intercultural en
Puno
La Nueva educación secundaria Quechua para la
Región de Puno, Perú
Mejorar la calidad de la educación e incorporar la participación de las comunidades en
el sistema educativo en el departamento de Puno.
Se ha validado y adoptado de manera participativa una propuesta educativa integral y
de calidad para la secundaria rural pertinente a las necesidades de desarrollo de los
jóvenes y a las potencialidades de desarrollo de la región.
COMPENSACION EQUITATIVA POR SERVICIOS La compensación por Servicios Ambientales Hidrológicos en la Cuenca del
AMBIENTALES HIDROLOGICOS - FASE II
Jequetepeque, está generando el manejo sostenible de los recursos naturales y la
mejora de medios de vida para las comunidades campesinas con justicia social y
equidad.
317,926.54 PERU, GOB - SEDAPAL
1,178,033.53 Comisión Europea
335,939.00 EEUU, Pvdo. - Fundación
Kellogg
1,167,467.00 Holanda, Gob. - DGIS
7. INFORMACIÓN FINANCIERA
7. 1 Presupuesto y fuentes
Enumere las instituciones nacionales o agencias internacionales, empresas u otras fuentes que aportaron a su organización en el
año inmediatamente anterior
Nombre completo
Tipo de organización y país sede, si corresponde
FONDO GLOBAL
Asociación Publico Privada Mundial -SUIZA
USAID
Agencia de Cooperacion Gobierno Americano - USA
COSUDE
Coperacion Suiza de Desarrollo - Suiza
ACDI
Agencia de Cooperacion Canadiense - Canada
WWF
World Wildlife Fund - USA
UNFPA
Naciones Unidas
ASOCIACION MINERA ANTAMINA
Asociacion - Peru
ODEBRECHT
CHEMONICS
Asociacion - Peru
Empresa de consultoría especializada en desarrollo
internacional - USA
FONDO EMPLEO
El Fondo Nacional de Capacitación Laboral y Promoción del
Empleo - Peru
FONDAM
Fondo de las Americas - Peru
BARCKLAYS BANK
Institucion Financiera - Inglaterra
SCOTIABANK
Institucion Financiera - Peru
PROSAMER
PROGRAMA DE SERVICIOS DE APOYO PARA ACCEDER
A LOS MERCADOS RURALES- PERU
FUNDACION CLINTON
Fundacion - USA
ECHO DIPECHO
Reino Unido
UNION EUROPEA
Reino Unido
CARE INTERNACIONAL
Belgica
CARE CANADA
Canada
CARE FRANCIA
Francia
CARE UK
Reino Unido
7.2 Total de recursos ejecutados en dólares (US$) en el año inmediatamente anterior: __
32,857,828
7.3 Ingresos (2010)
Monto
(en dólares)
Fuente
Recursos internacionales (ONG, fundaciones, gobiernos extranjeros, agencias de
cooperación internacional, organismos multilaterales)
27,310,458
Recursos públicos (gubernamentales)
Local
0
Nacional
736,567
Recursos propios
Aportes de los socios
0
Venta de productos y servicios
0
Rendimientos financieros y patrimoniales
1,156,983
Recursos recibidos del público en general
0
Recursos aportados por particulares y empresas (Sector privado empresarial)
3,653,820
Otra fuente (específicar)
0
Total ingresos
32,857,828
7.4 Egresos (2010)
Gastos administrativos / Operativos
1,295,117
Inversión en proyectos
31,562,711
Pago de impuesto
0
Si respondió que tiene egresos en impuestos, indique a cuáles impuestos se refiere
Total egresos
32,857,828
7.5 ¿Sus informes financieros o balances son auditados?
si
X
7.6 ¿Son estos informes públicos?
si
X
no
no
7.7 ¿Tienen política para recepción de donaciones y recursos? si
no
X
7.8 ¿La política está a la vista del público?
no
X
si
Es requisito adjuntar copia de los siguientes documentos:
Estados financieros auditados
Adjunto Estado financiero
Informe financiero o balance anual del año inmediatamente anterior
Adjunto balance anual
Informe narrativo del año inmediatamente anterior.
Evaluaciones externas (si las tiene)
8. PERSONAL
Personal vinculado a la organización en el año inmediatamente anterior
AÑO 2010
Personal remunerado
Voluntarios (sin incluir directivos)
Total
Mujeres
123
2
125
Hombres
113
0
113
Total
236
2
238
9. PARTICIPACIÓN EN REDES
Detalle los nombres y siglas de las redes de organizaciones de la sociedad civil o agrupaciones de
segundo grado en las que su organización participe. Indique si son nacionales o internacionales.
Sigla
Nombre completo
Nac.
1
Red Perú
x
2 ANC
Asociación Nacional de Centros
x
3 COEECI
Coordinadora de Entidades Extranjeras de Cooperación internacional
x
4
Alianza Aprendizaje
x
5
Federación Internacional de Sociedades de la Cruz Roja
x
6
Red Humanitaria Nacional Perú
x
Inter.
Enumere los espacios de coordinación o articulación intersectorial (con organismos de gobierno, con
otros sectores, etc) en los que su organización participe.
Sigla
Nombre completo
1 IDI
Iniciativa contra la Desnutrición Infantil
2
Foro Salud
3 GVSS
Grupo Vivienda segura y saludables
4 MCLCP
Mesa de concertación de lucha contra la pobreza
5 FLORECER Red Nacional de Educación de la Niña
6 CONAMUSA Coordinadora Nacional Multisectorial de Salud
7
Grupo Colaborativo del Sector Agua y Saneamiento
8
Grupo de Diálogo y Minería
NOTA
Para mas informacion sobre otras redes y especios en los que CARE peru participa, ver archivo adjunto
CARE USA and Subsidiaries
Consolidated Financial Statements
For the years ended
June 30, 2010 and 2009
CARE USA
Table of Contents
For the years ended June 30, 2010 and 2009
Page(s)
Report of Independent Auditors........................................................................................................... 1
Consolidated Financial Statements
Balance sheets ...................................................................................................................................... 2
Statements of Activities..................................................................................................................... 3-4
Statements of Functional Expenses ................................................................................................... 5-6
Statements of Cash Flows .................................................................................................................... 7
Notes to Financial Statements ......................................................................................................... 8-39
Ernst & Young LLP
Suite 1000
55 Ivan Allen Jr. Boulevard
Atlanta, GA 30308
Tel: +1 404 874 8300
Fax: +1 404 817 5589
www.ey.com
Report of Independent Auditors
To the Board of Directors
Cooperative for Assistance and Relief Everywhere USA
We have audited the accompanying consolidated balance sheets of Cooperative for Assistance
and Relief Everywhere, Inc. (CARE USA) and subsidiaries as of June 30, 2010 and 2009, and
the related consolidated statements of activities, functional expenses, and cash flows for the
years then ended. These financial statements are the responsibility of CARE USA's management.
Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. We were not engaged
to perform an audit of CARE USA's internal control over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of CARE USA’s internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, and evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for
our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the consolidated financial position of CARE USA and subsidiaries as of June 30, 2010 and 2009,
and the consolidated changes of their net assets and their cash flows for the years then ended in
conformity with U.S. generally accepted accounting principles

December 17, 2010
1
A member firm of Ernst & Young Global Limited
CARE USA
Consolidated Balance Sheets
As of June 30, 2010 and 2009 (in thousands)
Assets
Cash and cash equivalents (Note 2)
Restricted cash
Investments, at fair value (Note 5)
Receivables, net (Note 8)
Loans receivable, net (Note 9)
Inventory
Deposits and other assets (Note 10)
Property and equipment, net (Note 11)
Trusts held by third parties
Assets related to discontinued operations
Total Assets
2010
2009
$ 89,768
9,006
192,093
27,178
14,398
10,001
38,058
14,543
96,862
$ 491,907
$ 57,542
160,072
17,092
13,014
11,889
51,701
16,526
89,286
227,217
$ 644,339
Liabilities and Net Assets
Liabilities
Accounts payable and accrued expenses
Program advances (Note 14)
Liability for split interest agreements
Benefits accrued for employees
Subsidiary loans payable (Note 15)
Minority interest in subsidiary
Liabilities related to discontinued operations
Total Liabilities
$ 42,389
57,718
19,833
30,938
9,551
593
161,022
$ 27,511
66,312
19,565
29,137
8,235
211
195,878
346,849
88,050
127,993
114,842
330,885
65,799
124,362
107,329
297,490
$ 491,907
$ 644,339
Commitments and Contingencies
Net Assets
Unrestricted
Temporarily restricted (Note 3)
Permanently restricted (Note 3)
Total Net Assets
Total Liabilities and Net Assets
2
CARE USA
Consolidated Statements of Activities (in thousands)
For the year ended June 30, 2010
Support
Private Support
Contributions
Public Information - PSA
CARE International
Total Private Support
Unrestricted
Temporarily
Restricted
Permanently
Restricted
$
$
$
Government and other support
U.S. government
Host governments
Others
Total Government and Other Support
60,097
14,651
139,492
214,240
198,871
21,799
61,633
282,303
-
19
19
$
131,793
14,651
139,492
285,936
Total
2009
$
106,680
133,934
240,614
47
47
-
198,871
21,799
61,680
282,350
274,867
20,729
79,223
374,819
9,590
5,993
15,583
1,982
157
2,139
-
11,572
6,150
17,722
12,016
6,675
18,691
74,467
586,593
(74,467)
(604)
-
586,008
634,124
Other Revenue
Interest and dividends
Rent and miscellaneous
Total Other Revenue
Net assets released from restrictions
Satisfaction of program restrictions
Total Operating Support and Revenue (Note 16)
71,677
71,677
Total
2010
19
Expenses
Program
Emergency
Rehabilitation
Development
Public Information
Supporting Activities
Fund raising
Management and general
Total Operating Expenses
99,835
19,733
405,320
21,215
99,835
19,733
405,320
21,215
108,793
29,934
453,422
9,100
25,451
30,192
601,746
25,451
30,192
601,746
24,169
32,625
658,043
-
-
Operating Support and Revenue over Expenses
(15,153)
(604)
19
(15,738)
(23,919)
Other Nonoperating Changes in Net Assets
Minority interest in subsidiary income
Foreign exchange gain (loss)
Interest and dividends on gift annuity investments
Actuarial loss on annuity obligations
Actuarial (loss)/gain on split interest agreements
Net realized and unrealized gain/(loss) on investments
Increase/(decrease) in value of trusts held by third parties
Total Changes in Net Assets before change in pension liability
(593)
(1,771)
835
(1,154)
24
3,081
(14,731)
(88)
(600)
4,923
3,631
7,494
7,513
(593)
(1,859)
835
(1,154)
(576)
8,004
7,494
(3,587)
4
300
941
(281)
509
(25,508)
(22,983)
(70,937)
Net change in pension liability
Changes in net assets from continuing operations
(775)
(15,506)
3,631
7,513
(775)
(4,362)
(185)
(71,122)
Discontinued operations
Gain from operations of discontinued operations - Edyifcar
(including net income of $3.8 million)
Changes in net assets
37,757
22,251
3,631
7,513
37,757
33,395
11,849
(59,273)
Net Assets, beginning of year
65,799
124,362
107,329
297,490
356,763
Net Assets, end of year
$
88,050
3
$
127,993
$
114,842
$
330,885
$
297,490
CARE USA
Consolidated Statements of Activities (in thousands)
Support
Private Support
Contributions
CARE International
Total Private Support
Unrestricted
Temporarily
Restricted
Permanently
Restricted
$
$
$
U.S. government
Host governments
Others
Total Government and Other Support
Other Revenue
Interest and dividends
Rent and miscellaneous
Total Other Revenue
Net assets released from restrictions
Satisfaction of program restrictions
Revision of donor restrictions
Total net assets released from restrictions
Total Operating Support and Revenue (Note 16)
62,344
133,934
196,278
44,116
44,116
220
220
Total
2009
$
106,680
133,934
240,614
274,867
20,729
79,223
374,819
-
-
274,867
20,729
79,223
374,819
8,905
6,541
15,446
3,111
134
3,245
-
12,016
6,675
18,691
59,097
59,097
(59,097)
2,000
(57,097)
(2,000)
(2,000)
-
645,640
(9,736)
(1,780)
634,124
Expenses
Program
Emergency
Rehabilitation
Development
Public Information
Fund raising
Management and general
Total Operating Expenses
108,793
29,934
453,422
9,100
108,793
29,934
453,422
9,100
24,169
32,625
658,043
-
-
24,169
32,625
658,043
Operating Support and Revenue over Expenses
(12,403)
(9,736)
(1,780)
(23,919)
Other Nonoperating Changes in Net Assets
Minority interest in subsidiary income
Foreign exchange gain
Interest and dividends on gift annuity investments
Actuarial gain on split interest agreements
Net realized and unrealized loss on investments
Decrease in value of trusts held by third parties
Total Changes in Net Assets before change in pension liability
4
300
941
(281)
160
(12,396)
(23,675)
349
(13,112)
(22,499)
(22,983)
(24,763)
4
300
941
(281)
509
(25,508)
(22,983)
(70,937)
Net change in pension liability
(185)
(23,860)
(22,499)
(24,763)
(185)
(71,122)
Discontinued operations
Net Income from discontinued operations - Edyficar
11,849
(12,011)
(22,499)
(24,763)
11,849
(59,273)
77,810
146,861
132,092
356,763
Net Assets, beginning of year
Net Assets, end of year
$
4
65,799
$
124,362
$
107,329
$
297,490
CARE USA
Consolidated Statements of Functional Expenses (in thousands)
Program Activities
Personnel costs
Professional services
Equipment
Materials and services
Travel and transportation
Occupancy
Financing/Depn/Misc.
Grants/Subgrants
AgCommodities/CIKs
Contributed advertising-PSA
Total Operating
Expenses for 2010
Development
Public
Information
Fund
Raising
Total
Management
& General
2010
Total
Rehabilitation
$
21,779
1,356
1,512
36,723
8,234
2,760
224
3,823
23,424
-
$
5,368
574
567
7,508
1,617
885
766
2,448
-
$
120,824
19,298
6,905
87,106
32,771
13,136
13,865
97,596
13,819
-
$
3,908
957
148
741
303
226
176
73
32
14,651
$
151,879
22,185
9,132
132,078
42,925
17,007
15,031
103,940
37,275
14,651
$
7,112
2,992
216
13,597
649
587
40
156
102
-
$
16,331
4,603
3,274
1,365
1,780
1,798
521
21
499
-
$
23,443
7,595
3,490
14,962
2,429
2,385
561
177
601
-
$
175,322
29,780
12,622
147,040
45,354
19,392
15,592
104,117
37,876
14,651
$
179,744
31,513
9,831
145,469
45,711
20,554
7,840
117,867
99,514
$
99,835
$
19,733
$
405,320
$
21,215
$
546,103
$
25,451
$
30,192
$
55,643
$
601,746
$
658,043
5
Total
2009
Total
Emergency
CARE USA
Consolidated Statements of Functional Expenses (in thousands)
Program Activities
Personnel costs
Professional services
Equipment
Materials and services
Travel and transportation
Occupancy
Financing/Depn/Misc.
Grants/Subgrants
AgCommodities/CIKs
Total Operating
Expenses for 2009
Development
Public
Information
Fund
Raising
2009
Total
Emergency
Rehabilitation
$
22,818
1,682
1,759
41,746
6,007
2,885
584
5,998
25,314
$
8,766
853
534
9,133
2,482
1,330
1,427
5,409
-
$
117,054
20,298
6,015
78,567
34,266
14,087
4,319
106,394
72,422
$
5,662
1,551
218
1,141
343
110
43
10
22
$
154,300
24,384
8,526
130,587
43,098
18,412
6,373
117,811
97,758
$
7,230
1,808
63
12,997
490
547
985
46
3
$
18,214
5,321
1,242
1,885
2,123
1,595
482
10
1,753
$
25,444
7,129
1,305
14,882
2,613
2,142
1,467
56
1,756
$
179,744
31,513
9,831
145,469
45,711
20,554
7,840
117,867
99,514
$ 108,793
$
29,934
$
453,422
$
9,100
$
601,249
$
24,169
$
32,625
$
56,794
$
658,043
6
Total
Management
& General
Total
CARE USA
Consolidated Statements of Cash Flow (in thousands)
For the years ended June 30, 2010 and 2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Less Changes in net assets from discontinued operations
2010
$
Adjustments to reconcile change in net assets to net cash provided by (used in)
operating activities
Depreciation and amortization
Contributions restricted for investment in endowment
Provision for subsidiary microcredit loan losses
Unrealized loss on derivative contracts
Net realized and unrealized (gain)/loss on investments
Actuarial loss/(gain) on split interest agreements
(Increase)/Decrease in value of trusts held by third parties
Changes in assets and liabilities
(Increase)/Decrease in receivables
Decrease in inventory
Decrease in deposits and other assets
Increase/(Decrease) in accounts payable and accrued expenses
Decrease in program advances
Increase/(Decrease) in benefits accrued for employees
Net cash (used in) provided by operating activities
33,395
37,757
(4,362)
2009
$
(59,273)
11,849
(71,122)
4,734
(19)
991
107
(8,004)
1,154
576
(7,494)
5,496
(220)
19
25,508
281
(509)
22,983
(10,086)
1,888
13,643
14,878
(8,594)
1,801
1,213
12,472
5,912
15,314
(8,916)
(56,542)
(2,151)
(51,475)
(157,419)
133,402
(6,314)
3,563
(26,768)
(110,003)
127,077
(6,347)
303
11,030
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from contributions restricted for investment in endowment
Increase in loans receivable
Proceeds from sale of subsidiary
Increase in subsidiary loans payable
(Decrease)/Increase in minority interest in subsidiary
Payments to gift annuitants
Increase/(Decrease) in liability for split interest agreements
Net cash and cash equivalents provided by (used in) financing activities
19
(2,375)
73,841
1,316
382
(2,353)
891
71,721
220
(596)
3,121
(4)
(2,445)
(337)
(41)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash (used in) provided by operating activities
Net cash (used in) investing activities
Net cash (used in) financing activities
Net cash and cash equivalents provided by (used in) discontinued operations
(2,801)
(442)
(1,691)
(4,934)
7,686
(706)
(19,298)
(12,318)
NET CHANGE IN CASH AND CASH EQUIVALENTS
41,232
(52,804)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investments
Proceeds from sales of investments
Purchases of property and equipment
Proceeds from sales of property and equipment
Net cash provided by (used in) investing activities
CASH AND CASH EQUIVALENTS, beginning of year
CASH AND CASH EQUIVALENTS, end of year
$
57,542
98,774
$
110,346
57,542
Noncash Contributions
$
9,282
$
8,402
Cash paid for interest
$
5,498
$
14,979
7
CARE USA
Notes to Consolidated Financial Statements
1.
Organization
The Cooperative for Assistance and Relief Everywhere, Inc. ("CARE USA or the
Organization") is a not-for-profit organization formed in 1945 under the laws of the District of
Columbia. Its headquarters are located in Atlanta, Georgia. CARE USA operates programs in
nearly 60 countries throughout Africa, Asia, Europe and South America. CARE USA’s mission
is to serve individuals and families in the poorest communities in the world. CARE USA
promotes innovative solutions and is an advocate for global responsibility. CARE USA attempts
to facilitate lasting change by:
•
•
•
•
•
Strengthening capacity for self-help;
Providing economic opportunity;
Delivering relief in emergencies;
Influencing policy decisions at all levels; and
Addressing discrimination in all its forms.
CARE USA is a member of CARE International, an umbrella organization that coordinates the
program activities of the CARE International member organizations. In the regular course of its
operations, CARE USA makes certain grants to CARE International and its member
organizations and receives certain funding from members of CARE International.
As a result of the sale of Edyficar (a for profit corporation in Peru in which CARE USA owned
77% of the outstanding shares), CARE USA’s financial statements have been prepared with the
net assets, results of operations, and cash flows of the Edyficar presented as discontinued
operations. All historical statements have been restated to conform to this presentation.
CARE USA operates a variety of projects including:
Agriculture and Natural Resources
Includes, but is not limited to: sustainable activities to increase crops, livestock and fish
production for income and consumption, post-harvest activities and supporting services and
input systems.
Basic and Girls’ Education
Includes, but is not limited to: reducing barriers to school attendance, improving the quality
of instruction and integrating life-skills into literacy and other non-formal education
activities.
Children’s Health
Includes, but is not limited to: prevention (e.g. malaria and pneumonia), immunization,
nutrition (e.g. breastfeeding, complementary feeding, and addressing micronutrient
deficiencies), early childhood development, and HIV prevention and support for children
who already are infected.
Reproductive Health
Includes, but is not limited to: addressing inequitable gender and sexual norms, family
planning, maternal and newborn health services, and prevention, detection and prevention
and management of sexually transmitted infections.
8
CARE USA
1. Organization (continued)
HIV/AIDS
Includes, but is not limited to: prevention of new infections (reducing incidence); access to
quality, testing and treatment (anti-retroviral); care and support to adults and children (age
appropriate); reduction of stigma and discrimination that accompanies HIV and AIDS;
reduction of vulnerabilities attributable to increasing the risk of HIV and AIDS and
mitigating the impact of HIV and AIDS in adults and children infected and affected by HIV
and AIDS.
Water and Sanitation
Includes, but is not limited to: access to water supplies, local management of watersheds,
hygiene education, sanitation, solid waste management and crop irrigation.
Integrated and Other Health
Includes a combination of the above health sectors, with none predominant and/or other
health interventions not covered above, such as prevention of chronic and infectious
diseases (e.g. tuberculosis) or strengthening or reforming health systems.
Nutritional Support
Includes, but is not limited to: feeding of children under age 5, food distribution and on-site
feeding, feeding of pregnant or lactating women, feeding of school children and general
feeding (such as in relief situations).
Infrastructure
Includes roads, bridges, buildings, shelters and other construction or maintenance
(commonly done through food-for-work or cash-for-work).
Small Economic Activity Development
Includes, but is not limited to: finance-related services such as loans to individuals, loans to
solidarity or other community groups, savings programs, business development, business
management training, technical training and marketing. Also induces market engagement
work, with a particular focus on agriculture and livestock value chains.
Multi-Sector and Other
Multi-sector projects include activities related to three or more sectors, none of which is
predominant. Other includes certain activities that cannot be classified in any of the sectors
described above. Examples are logistical support not related to infrastructure or nutrition
programs during emergencies, and land mine awareness and removal activities.
Certain information concerning CARE USA’s affiliates and subsidiaries is as follows:
SEED Finance is a for profit affiliate located in the Philippines. It is primarily engaged in
providing micro-credit loans to Filipino individuals and organizations.
9
CARE USA
1. Organization (continued)
MOFAD is a non-profit affiliate operating in Afghanistan. It is primarily engaged in
providing micro-credit loans to Afghan individuals and organizations.
CARE India Trust is a non-profit affiliate operating in India. It is primarily engaged in
administering health and nutrition programs funded by the Indian government.
2. Summary of Significant Accounting Policies
Principles of Consolidation
The consolidated financial statements include the accounts of CARE USA and its subsidiaries
that are consolidated in conformity with accounting principles generally accepted in the United
States of America (U.S. GAAP). All significant intercompany transactions have been
eliminated. Consolidated subsidiaries include SEED Finance, MOFAD, and CARE India Trust.
Gains and losses from the translation of foreign currency financial statements are recorded in the
consolidated statements of activities.
Cash and Cash Equivalents
Cash and cash equivalents are defined as short-term, highly liquid investments that are both
readily convertible to cash on demand without penalty, and having maturities of three months or
less, when purchased, with the exception of cash held for reinvestment which is included in
investments.
Cash and cash equivalents held in the United States are insured according to FDIC regulations.
The majority of cash and cash equivalents are held in accounts with balances exceeding the
insured limit. Cash amounts maintained overseas are largely uninsured. Cash and cash
equivalents held in the United States were $48.3 million (including $9 million restricted cash
held in escrow per Edyficar sale agreement in pursuance any future liability) and $15.7 million,
respectively, for the years ended June 30, 2010 and 2009. Cash and cash equivalents held outside
the United States were $50.4 million and $41.8 million, respectively for the years ended June 30,
2010 and 2009.
In addition, certain donors require certain cash be held in separate accounts. Donor restricted
cash accounts totaled $20.3 million and $18.7 million for the years ended June 30, 2010 and
2009, respectively.
Investments
Investments are stated at fair value. Investment income and net appreciation (depreciation) on
investments of donor restricted amounts are reported as follows:
• As increases in permanently restricted net assets if the terms of the gift or relevant state
law require that they be added back to the principal of the permanently restricted
contributions.
• As increases (decreases) in temporarily restricted net assets if the terms of the gift or state
law impose restrictions on the current use of the investment income or net appreciation
(depreciation).
• As increases (decreases) in unrestricted net assets in all other cases.
10
CARE USA
2. Summary of Significant Accounting Policies (continued)
Charitable gift annuities are maintained in separate portfolios and are invested in accordance
with applicable laws for such monies. CARE USA maintains assets sufficient to meet the annuity
requirements stipulated by the various state laws.
Receivables
Receivables represent grants and contracts receivables, ocean freight receivable from the United
States Agency for International Development (USAID) and contributions receivables.
Grants and contracts receivable are expected to be collected within one year and are recorded at
net realizable value.
Ocean freight receivables and a corresponding liability due to the freight line are recorded when
agricultural commodities are shipped to their destination port. These amounts are due from the
USAID.
Contributions receivable that are expected to be collected within one year are recorded at net
realizable value. Contributions receivable that are expected to be collected in future years are
recorded at fair value based on the present value of the estimated future cash flows. Prior to the
year ended June 30, 2009, the discount rate represents the risk free rate of return at the
origination of the pledge as was determined using the rate for U.S. treasury securities. For the
years ended June 30, 2010 and 2009, the discount rate represents the rate of return that is
commensurate with the risk associated with the ultimate collection of the receivables at the
origination of the pledge. The discount is amortized using an effective yield over the expected
collection period of the receivables.
Loans Receivable
Microcredit loans receivable are recorded in the consolidated balance sheets at their unpaid
principal amounts adjusted for the net unamortized deferred loan origination costs and fees and
allowance for possible losses. Interest income is accrued based on the outstanding principal
amount and contractual terms of each individual loan. The accrual of interest is discontinued
when, in management’s judgment, it is determined that the collectability of interest or principal
is doubtful.
Microcredit loans receivable represents credit services for rural and urban micro-enterprises. The
balance is net of the allowance for doubtful accounts of $1.4 million and approximately
$400,000, respectively, for the years end June 30, 2010 and 2009. The allowance for loan losses
is maintained at such level that in management’s best judgment is sufficient to cover potential
losses in the loan portfolio at the consolidated balance sheet dates. Management considers the
loan loss factors as well as delinquencies over 60 days in determining the allowance.
11
CARE USA
The allowance is based on assessments of certain factors, including historical loan loss
experience of similar types of loans, CARE USA’s loan loss experience, the amount of past due
and nonperforming loans, specific known risks, and current and anticipated economic and
interest rate conditions. Evaluation of these factors involves subjective estimates and judgments
that may change. Additions to the allowance are provided through a reduction to net assets.
Subsequent recoveries, if any, are credited to the allowance.
Inventory
Inventories are stated at lower of cost or market and include supplies and agricultural
commodities (“commodities”). Cost is determined using the weighted average method.
CARE USA receives commodities from agencies of the U.S. government, the United Nations
and others for the following: distribution via CARE USA projects, monetization with the cash
proceeds to be used in CARE USA projects, or monetization with the proceeds to be distributed
to other nonprofit organizations.
Inventory includes all commodities in which title has passed, regardless of whether the
commodities are in transit from the United States or held in storage in primary warehouses at the
intended recipient country.
For commodities to be distributed, revenue and expense are recognized when the commodities
are distributed.
For commodities to be monetized, revenue and expense are recognized when the proceeds are
utilized for the related project activities or distributed to other nonprofit organizations.
Deposits and Other Assets
Deposits and other assets include sub grantee advances to partner organizations, project advances
to project managers, receivables from CARE International members, equity investments, and
other miscellaneous assets.
Sub grantee advances are recorded when cash is forwarded to the partner organization. As the
sub grantee performs in accordance with the grant objectives and expense reports are submitted,
the receivable is reduced and the related income and expense are recognized.
CARE USA owns a 45% non-controlling interest in MicroVest General Partner Holding
Company. In addition, CARE USA has non-controlling interest in MicroVest I and II, Limited
Partnerships of 29.7% and 9.18% respectively. The investments are accounted for using the
equity method.
Property and Equipment
Property and equipment are recorded at cost if purchased. Contributions of long-lived assets are
recorded at their estimated fair value at the date of receipt and are recorded as unrestricted
support unless the use of such contributed assets is restricted by a donor-imposed restriction.
12
CARE USA
If donors contribute long-lived assets with stipulations as to how long the assets must be used or
with any other restrictions, such contributions are recorded as temporarily restricted support.
CARE USA does not imply time restrictions on contributions of long lived assets (or of other
assets restricted to the purchase of long-lived assets) received without donor stipulations about
how long the contributed assets must be used. As a result, contributions of cash and other assets
restricted to the acquisition of long-lived assets are reported as temporarily restricted revenue
that increases temporarily restricted net assets; those restrictions expire when the long-lived
assets are placed in service.
The costs of software licenses and associated consulting costs, installation costs and the payroll
costs of employees directly associated with the project are capitalized. The costs of software
maintenance, training and data conversion are expensed in the period incurred.
Depreciation is provided on the straight-line basis over the estimated useful lives of the assets.
The estimated useful lives are fifteen years for building, five to seven years for building
improvements, three to five years for equipment and software, and five years for leasehold
improvements, or the life of the lease, if less than five years. Capitalized leases are amortized
over the life of the lease or the estimated life of the asset, whichever is shorter.
Trusts Held by Third Parties
Trusts held by third parties include amounts related to both charitable remainder trusts and
perpetual trusts. Accounting standards require that these instruments be recorded at their fair
values.
Charitable Remainder Trusts
Donors have established and funded trusts under which specified distributions are to be
made to a designated beneficiary or beneficiaries over the trust’s term. Upon termination of
the trust, CARE USA receives the assets remaining in the trust. Trusts are recorded at fair
value. Fair value is determined based on contributions from split interest agreements at fair
value of trust assets, less the present value of the estimated future payments to be made to
other beneficiaries under the specific terms of the trust. The present value of the estimated
future payments was discounted at an average rate of 6.3% in 2010 and 2009.
Perpetual Trusts
CARE USA is the beneficiary of certain perpetual irrevocable trusts held and administered
by independent trustees. Under the terms of the trusts, CARE USA has the irrevocable right
to receive the income earned on the trust assets in perpetuity. The fair value is recognized
as an asset and as a permanently restricted contribution at the date the trust is established.
The estimate of fair value is based on fair value information received from the trustees.
Gains and losses, which are not distributed by the trusts, are reflected as permanently
restricted gains or losses in the consolidated statements of activities and changes in net
assets.
13
CARE USA
Charitable Gift Annuities
Donors have contributed assets to CARE USA in exchange for a promise by CARE USA to pay
a fixed amount or percentage for a specified period of time to the donor or to individuals or
organizations designated by the donor. Under the terms of such agreements, the assets received
are recorded as assets and included in investments and the related annuity liability is an
obligation of CARE USA. The liability is recorded at the present value of expected future
payments based on Table 90 CM issued by the Internal Revenue Service. The obligations have
been discounted at rates ranging from 3.4% to 11.3%.
Program Advances
Program advances relate to cash received directly from government and nongovernmental
agencies, proceeds received from monetization, and inventory related to distribution and
monetization commodities.
Accounting for Contributions
All contributions are considered to be available for unrestricted use unless specifically restricted
by the donor. Amounts received that are restricted for future periods or are restricted by the
donor for specific purposes or in perpetuity are reported as temporarily restricted or permanently
restricted support that increases those net asset classes. Gifts or contributions with restrictions
that are met prior to fiscal year-end are classified as unrestricted net assets.
A donor restriction expires when a stipulated time restriction ends or when a purpose restriction
is accomplished. Upon expiration, temporarily restricted net assets are reclassified to unrestricted
net assets and are reported in the consolidated statements of activities as satisfaction of program
restrictions.
Permanently restricted net assets reflect the principal amount of contributions accepted with the
stipulation from the donor that the principal be maintained in perpetuity. The investment income
may be expended for a purpose specified by the donor or other general purposes and is reflected
as temporarily restricted revenue.
Grant Revenue
Grant revenue on cost-reimbursement grants or contracts is recognized by CARE USA when the
program expenditures have been incurred and is reflected as government and other support in the
consolidated financial statements. Certain direct support from government agencies is subject to
independent audit under the Office of Management and Budget Circular A-133 and review by
grantor agencies.
Management is aware of approximately $23.6 million of questioned costs resulting from various
audits. To date, USAID is reviewing supporting documentation related to $11.2 million of this
amount submitted by management.
14
CARE USA
This review is not complete at this time. No estimate can be made of the possible range of loss,
if any, related to these questioned costs. Based on prior experience, CARE USA believes that
cost ultimately disallowed, if any, would not materially affect the consolidated financial position
of CARE USA.
Nonfood Gifts-in-Kind
Gifts-in-kind received for use in assistance programs that meet the criteria for recognition are
recorded at estimated fair value when received.
In countries where CARE USA operates, government and local communities supply labor,
technical services, materials, transportation and storage facilities to the programs in which they
participate. The value of these gifts is generally not recorded in the consolidated financial
statements as they do not meet the criteria for revenue recognition.
Revolving Loan Fund
Revolving funds contributed by donors are expensed when initially loaned to project participants
and revenue is recognized as these transactions are exchange transactions. A contract payable
equivalent to the amount of the principal is set up to establish a revolving fund that will be made
available for use in the project. This liability is converted to an unrestricted net asset if the donor
releases all claims against the assets.
Foreign Currency Translation
The U.S. dollar (“dollars”) is the functional currency for CARE USA’s operations worldwide.
Transactions in currencies other than dollars are translated into dollars at the rates of exchange in
effect during the month of the transaction. Property and equipment purchased with non-U.S.
currency are translated into US dollars at the exchange rate in effect at the time of purchase.
Current assets and liabilities denominated in non-U.S. currency are translated into dollars at the
exchange rate in effect at the date of the consolidated balance sheets. Net transaction and
translation gains and losses are included in the accompanying consolidated statements of
activities in the non-operating section as Foreign Currency Exchange Gain or Loss.
Foreign Exchange Contracts
Foreign currency forward contracts are designed to mitigate, over time, a portion of the impact of
exchange rate changes on cash flows. These contracts are recorded at their fair value and changes
in fair value are recognized, and recorded as foreign exchange gains or losses. The principal
amount of the outstanding forward foreign exchange contracts at June 30, 2010 was $ 2.5
million. CARE USA had no forward contracts at June 30, 2009. CARE USA enters into foreign
exchange contracts to hedge against foreign accounts payable. These hedged transactions are
expected to occur at various dates during the next 12 months.
Operating and Non-operating Results
Operating Support and Revenue and Operating Expenses reflect the normal income and expense
from receiving and using resources for program activities and support functions.
15
CARE USA
Other Non-operating Changes in Net Assets reflect activities not central to the Organization’s
mission including actuarial changes in value and realized and unrealized gains and losses.
Fair Value of Financial Instruments
CARE USA financial instruments consist of cash and cash equivalents, restricted cash,
investments, receivables, loans receivable, trusts held by third parties, accounts payable and
accrued expenses, liability for split-interest agreements and subsidiary loans payable.
Receivables are recorded at net realizable value which approximates fair value. Investments and
trusts held by third parties are recorded at their fair values based on quoted market prices or other
relevant market data. Annuities and charitable remainder trusts are recorded at net present value
which approximates fair value. All other financial instruments are stated at cost which
approximates fair value.
Tax Status
CARE USA is a tax-exempt organization under Section 501(c) (3) of the U.S. Internal Revenue
Code (“IRC”) and is therefore exempt from federal taxation under Section 501(a) of the IRC. In
addition, under IRC Section 509(a) (1), CARE USA is a public charity and, thus, donations to
CARE USA qualify for the maximum allowable charitable deduction. CARE USA’s
subsidiaries SEED Finance, MOFAD, and CARE India Trust are tax-exempt in the countries
they are incorporated.
In June 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation
No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of FASB Statement No.
109 (ASC 740) (“FIN 48”). FIN 48 prescribes a recognition threshold and measurement attribute
for a tax position taken or expected to be taken in a tax return when these is uncertainty about
whether a tax position will ultimately be sustained upon examination. CARE USA has adopted
the recognition and disclosure provisions of FIN 48 for its fiscal year ending June 30, 2010.
There was no financial statement impact of adopting FIN 48.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to
make certain estimates and assumptions. These estimates and assumptions affect the reported
amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date
of the financial statements, as well as the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.
Reclassification
Certain prior year amounts have been reclassified to conform to current year financial statements
presentation. These reclassifications had no impact on the Total Net Assets.
16
CARE USA
Fair Value Measurements
CARE USA records certain assets at fair value. Fair value is defined as the exchange price that
would be received for an asset or paid to transfer a liability (an exit price) in the principal or
most advantageous market for the asset or liability in an orderly transaction between market
participants at the measurement date. Additionally, the inputs used to measure fair value are
prioritized based on a three level hierarchy. This hierarchy requires entities to maximize the use
of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used
to measure fair value are as follows:
Level 1: Valuation based on quoted market prices for identical assets or liabilities to which an
entity has access at measurement date.
Level 2: Inputs and information other than quoted market prices included in Level 1 that are
observable for the asset or liability, either directly or indirectly. Level 2 inputs include:
a. Quoted prices for similar assets or liabilities in active markets
b. Quoted prices for identical or similar assets in markets that are not active
c. Observable inputs other than quoted prices for the asset or liability
d. Inputs derived principally from, or corroborated by, observable market data by
correlation or by other means.
Level 3: Valuation is generated from model-based techniques that use at least one significant
assumption not observable in the market. These unobservable assumptions reflect estimates that
market participants would use in pricing the asset or liability.
Observable inputs reflect the assumptions market participants would use in pricing the asset or
liability developed from sources independent of the reporting entity; and unobservable inputs
reflect the reporting entity’s own assumptions about the assumptions market participants would
use in pricing the asset or liability developed based on the best information available in the
circumstances.
17
CARE USA
3. Description of Net Asset Designations and Restriction
The donor-imposed restriction (listed under Temporarily Restricted and Permanently Restricted)
of Net Assets as of June 30 are listed below (in thousands):
Africa
Agriculture and Natural Resources
Basic and Girls' Education
Emergency Response
Multi-Sector and Other
Reproductive Health
Rehabilitation
Signature Programs
Small Economic Activity Development
Water and Sanitation
Time Restricted
Temporarily Restricted
2010
2009
$
429 $
352
5,693
4,811
22,356
23,869
23,762
16,795
35,904
33,059
9,107
9,686
208
1,843
9,019
2,059
1,909
2,434
7,157
13,378
12,449
16,076
Permanently Restricted
2010
2009
$
512 $
512
1,006
1,006
113,324
105,811
Total
$
$
127,993
$
124,362
114,842
$
107,329
4. Endowment
CARE USA’s endowment consists of approximately nine individual funds established for a
variety of purposes. Its endowment only includes donor-restricted endowment funds. As
required by U.S. GAAP, net assets associated with endowment funds are classified and reported
based on the existence or absence of donor-imposed restrictions.
Interpretation of Relevant Law
CARE USA has interpreted the State Prudent Management of Institutional Funds Act (SPMIFA)
as requiring the preservation of the fair value of the original gift as of the gift date of the donorrestricted endowment funds absent explicit donor stipulations to the contrary. As a result of this
interpretation, CARE USA classifies as permanently restricted net assets (a) the original value of
gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the
permanent endowment, and (c) accumulations to the permanent endowment made in accordance
with the direction of the applicable donor gift instrument at the time the accumulation is added to
the fund.
The remaining portion of the donor-restricted endowment fund that is not classified in
permanently restricted net assets is classified as temporarily restricted net assets until those
amounts are appropriated for expenditure by the organization in a manner consistent with the
standard of prudence prescribed by SPMIFA. In accordance with SPMIFA, CARE USA
considers the following factors in making a determination to appropriate or accumulate donorrestricted endowment funds:
(1) The duration and preservation of the fund;
18
CARE USA
4. Endowment (continued)
(2)
(3)
(4)
(5)
The purposes of the organization and the donor-restricted endowment fund;
General economic conditions;
The possible effect of inflation and deflation;
The expected total return from income and the appreciation and depreciation of
investments;
(6) Other resources of CARE USA; and
(7) The investment policies of CARE USA.
The changes in endowment assets for the year ended June 30, 2010 are as follows (in thousands):
Endowment net assets, beginning of year
Unrestricted
Temporarily
restricted
Permanently
Restricted
$
$
$
-
Investment income
9,793
18,305
Total
$
28,098
113
445
-
558
Net apprecation: (realized and unrealized)
(231)
888
-
657
Total investment return
Contributions
Appropriation of endowment assets for
expenditure
Endowment net assets, end of year
(118)
-
1,333
-
-
1,215
-
(118)
$
$
(1,031)
10,095
$
18,305
$
(1,031)
28,282
The changes in endowment assets for the year ended June 30, 2009 are as follows (in thousands):
Endowment net assets, beginning of year
Net assets reclassification based on change
in law
Unrestricted
Temporarily
restricted
Permanently
Restricted
$
$
$
-
Endowment net asset after reclassification
Investment income
Contributions
Appropriation of endowment assets for
expenditure
Net depreciation: (realized and unrealized)
Transfer of AES to Temporarily Restricted as
a result of revised donor agreement
Endowment net assets, end of year
19
20,305
Total
$
23,147
-
11,556
-
11,556
-
14,398
1,082
-
20,305
-
34,703
1,082
-
-
(5,687)
-
(5,687)
-
$
2,842
$
9,793
$
(2,000)
18,305
$
(2,000)
28,098
CARE USA
Description of amount classified as permanently restricted net assets and temporarily restricted
net assets (Endowment only) (in thousands):
2010
Permanently Restricted Net Assets:
The portion of perpetual endowment funds
required to be retained permanently either by
explicit donor stipulation or by UPMIFA
Total Endowment funds classified as Permanently
Restricted Net Assets
Temporarily Restricted Net Assets:
Term endowment funds
The portion of perpetual endowment funds
subject to time restriction under UPMIFA
Without purpose restrictions
With purpose restrictions
Total Endowment funds classified as Temporarily
Restricted Net Assets
2009
$
18,305
$
18,305
$
18,305
$
18,305
$
6,487
3,608
$
5,424
4,369
$
10,095
$
9,793
Investment Policy
CARE USA has an investment policy specific to the Endowment Fund, which is monitored by
the Investment Committee of its Board of Directors. The policy states that CARE USA will
annually allocate five percent (5%) of the three-year (3 year) average of the fair market value
from investment earnings to be spent on operations, unless otherwise specified by the donor. The
objective of this policy is to maintain the purchasing power of the endowment funds held in
perpetuity or for a specified term as well as to provide additional real growth through new gifts
and investment return. Endowment Fund assets include those assets of donor-restricted funds
that CARE USA must hold in perpetuity.
The investment policy describes the objective for the fund and sets ranges for asset allocation.
Asset allocations are determined in accordance with the purpose and restrictions of each specific
fund. The objective of the Endowment Fund is to earn the highest possible total return consistent
with a level of risk suitable for these assets. At a minimum, long-term rates of return should be
equal to an amount sufficient to maintain the purchasing power of these assets and provide
necessary capital to fund the spending policy. Actual returns in any given year may vary. In
light of this requirement, the portfolio is constructed using a total return approach with a
significant portion of the funds invested to seek growth of principal over time. The assets are
invested for the long term, and a higher short-term volatility in these assets is to be expected and
accepted.
20
CARE USA
The following is a summary of the asset allocation guidelines, with allowable ranges for each
asset type in 2010.
Asset Category
Cash
Fixed Income
Minimum
0%
35%
Maximum
10%
50%
40%
65%
Equity
Target
0%
40%
60%
CARE USA utilized the spending policy authorized by the Board of Directors for disbursement
of $1 million to be use in CARE USA operations.
5. Investments
Investments at June 30 were comprised of the following (in thousands):
2010
Fair
Value
Cost
U.S.Treasury obligations
Mutual funds
Marketable equity securities
$
27,307
90,606
37,274
2009
$
28,499
82,949
36,099
Fair
Value
Cost
$
24,995
80,409
36,049
$
25,346
69,010
29,284
Marketable debt securities
22,628
23,781
17,308
17,128
Money market funds
19,424
19,424
15,577
15,577
1,341
198,580
1,341
192,093
3,727
178,065
3,727
160,072
Overseas time deposits
$
$
$
$
CARE USA’s investments are diversified across strategies, managers and geography. There are
no significant concentrations of market risk in as much as the investment portfolio is diversified
among issuers.
Management fees and expenses of $477,983 and $485,325, respectively, for the years ending
June 30, 2010 and 2009, are netted against investment income.
21
CARE USA
5. Investments (continued)
Total return on cash balances, investments and the trusts held by third parties was as follows for
the year ended June 30, 2010 (in thousands):
Unrestricted
Temporarily Permanently
Restricted
Restricted
$
$
Dividends and interest included in operating revenue
9,590
Dividends and interest on gift annuity investments
835
Net realized gains/(losses)
$
-
$ 11,572
$ 12,016
-
835
941
-
(2,876)
(6,994)
5,762
-
10,880
(18,514)
-
-
7,494
7,494
(22,983)
7,494
$ 27,905
$ (35,534)
13,506
(839)
Total
2009
5,118
Net change in value of trusts held by third parties
Total return on cash balances, investments &
trusts held by third parties
$
-
(2,037)
Change in net unrealized gains/(losses)
1,982
Total
2010
$
6,905
$
Total return on cash balances, investments and the trusts held by third parties was as follows for
the year ended June 30, 2009 (in thousands):
Temporarily Permanently
Unrestricted Restricted
Restricted
Dividends and interest included in operating revenue
$
Dividends and interest on gift annuity investments
Net realized gains/(losses)
Change in net unrealized gains/(losses)
Net change in value of trusts held by third parties
Total return on cash balances, investments &
trusts held by third parties
$
22
8,905
$
3,111
$
-
Total
2009
$ 12,016
941
(1,959)
(5,035)
-
941
(6,994)
(10,437)
(8,077)
-
(18,514)
-
-
(22,983)
(22,983)
(2,550) $
(10,001) $
(22,983) $ (35,534)
CARE USA
6. Fair Value Measurements
The following table presents the assets and liabilities measured at fair value on a recurring basis
as of June 30, 2010 (in thousands):
Assets
Cash and cash equivalents
Restricted Cash
Investments:
Mutual funds
Money market funds
Total Investments
Level 1
$
Level 2
89,768
9,006
Fair Value
Measurement
-
-
13,378
82,949
36,099
13,050
19,424
164,900
15,121
10,731
1,341
27,193
-
28,499
82,949
36,099
23,781
19,424
1,341
192,093
Trust held by third parties
Total Assets
$ 263,674
95,923
$ 123,116
$
939
939
$
96,862
387,729
Liabilities
Derivatives
Total Liabilities
$
$
$
$
$
$
2,441
2,441
$
$
2,441
2,441
-
23
$
Level 3
-
$
89,768
9,006
CARE USA
6. Fair Value Measurement (continued)
The following table presents the assets and liabilities measured at fair value on a recurring basis
as of June 30, 2009 (in thousands):
Assets
Investments:
Mutual funds
Money market funds
Total Investments
Level 1
$
Level 2
57,542
-
-
8,473
69,010
29,284
14,623
15,577
136,967
16,873
2,505
3,727
23,105
-
25,346
69,010
29,284
17,128
15,577
3,727
160,072
Trust held by third parties
Total Assets
$ 194,509
88,172
$ 111,277
$
1,114
1,114
$
89,286
306,900
Liabilities
Derivatives
Total Liabilities
$
$
$
$
$
$
2,575
2,575
$
$
2,575
2,575
-
$
Level 3
Fair Value
Measurement
-
$
57,542
Derivatives are made up of forwards contracts whose purpose is to hedge Euro exchange rates.
Gross realized and unrealized gains and losses was $107,000 for the year ended June 30, 2010
and for the year ended June 30, 2009, the realized and unrealized gains and losses were not
significant.
24
CARE USA
7. Discontinued Operations
CARE USA completed the sale of Edyficar on October 14, 2009 for approximately $74 million.
An escrow account of $9 million was funded to satisfy any future liability by CARE USA
pursuant to the purchase agreement. The recognized gain on the sale was $37.8 million
(including $3.8 million of net income for the period of July 1, to October 14, 2009).
Summarized financial information for discontinued operations before consolidation is as follows:
(in thousands)
June 30, 2009
Assets
Loans receivable, net
Other assets
Property and equipment, net
Total Assets
$
$
Liabilities
Accounts payable and other liabilities
Loans payable
Total Liabilities
$
12,573
201,231
6,011
8,978
228,793
22,555
164,943
187,498
Commitments and contingencies
Retained earnings and stockholder's equity
41,295
Total Liabilities and Equity
$
228,793
A summary of the operating results for the discontinued operations before consolidation is as
follows:
Program Income
Interest and other income
Interest expense
Net interest income
Less: Provision for loan losses
Net interest income after provision for loan losses
General and administrative expenses
Net Income
Jul - Oct 2009
2010
$
$
25
26,144
4,766
21,378
1,982
19,396
14,333
5,063
Year ended
2009
$
$
65,931
14,192
51,739
3,674
48,065
35,020
13,045
CARE USA
8. Receivables, net
Receivables, net at June 30 were comprised of the following (in thousands):
Grants and contracts receivable
Ocean freight receivable from USAID
Contributions receivable
Allowance for uncollectible accounts
$
$
2010
23,731
24
4,347
(924)
27,178
2009
$
9,033
193
8,812
(946)
$
17,092
As of June 30, 2010 the expected future cash flows from receivable are as follows (in
thousands):
Due in one year or less
Due in one year through five years
Less: discount
$
22,952
4,347
27,299
(121)
27,178
$
Conditional Pledges
Pledges are recognized as revenue when the donor makes a promise to give in substance, and
collection is reasonably assured. CARE USA had $28.4 million conditional pledges at June 30,
2010 and $48.9 million at June 30, 2009.
9. Loans Receivable
Loans receivable, net at June 30 were concentrated in the following entities (in thousands):
CARE
SEED Finance
MOFAD
Other
Less:
Allowance for doubtful accounts
$
$
2010
7,998
6,089
1,711
1
15,799
(1,401)
14,398
$
$
2009
6,647
4,317
2,449
11
13,424
(410)
13,014
Microcredit loans are comprised of variable and fixed rate loans with individuals and other
microcredit lending institutions. The loans bear interest at rates generally ranging from 7.25% to
12% per annum with original maturities ranging up to 5 years. There is no collateral for these
loans.
26
CARE USA
9. Loans Receivable (continued)
In the event that an individual is unable to repay its loan according to its original schedule,
CARE USA pursues collection and workout plans including interest only payments, reduced
payments, and moratorium on payment, depending on the individual’s circumstances.
It is CARE USA’s preference not to provide any concession which reduces the loan’s yield;
however, there are some situations that warrant discontinuing interest payments for a certain
period of time. Generally, CARE USA discontinues interest accrual for all loans on which
collection of interest is not reasonably expected. Interest income on nonaccrual loans is
recognized on a cash basis. Loans are returned to accrual status when all principal and interest
amounts contractually due are brought current and future payments are reasonably assured.
Activity in the allowance for possible loan losses on microcredit loans is as follows for the year
ended June 30 (in thousands):
Allowance for doubtful accounts beginning of year
Additions
Write-offs
$
Allowance for doubtful accounts end of year
$
2010
(410)
(991)
(1,401)
$
$
2009
(49)
(623)
262
(410)
Under ASC 310, Accounting by Creditors for Impairment of a Loan, a loan is considered
impaired when, based on current information, it is probable that CARE USA will not receive all
amounts due in accordance with the contractual terms of the underlying loan agreement. The fair
value of the loan is then compared with the recorded investment in the loan to determine whether
or not a specific reserve is necessary. CARE USA’s recorded investment in loans that are
considered to be impaired was $1.4 million for the year ended June 30, 2010. The related
allowance for credit losses for all impaired loans was $1.4 million as of June 30, 2010. CARE
USA’s average recorded investment in impaired loans was approximately $2.5 million during the
year ended June 30, 2010 and approximately $3.5 million during the year ended June 30, 2009.
27
CARE USA
10. Deposits and Other Assets
Deposits and other assets at June 30 were comprised of the following (in thousands):
Deposits:
Subgrantee and project advances
Investment in MicroVest
Accrued interest/dividends
Receivable from CARE International Members
Prepaid expenses
Travel advances
Advances
Other receivables
2010
$
$
15,439
5,897
336
3,619
3,843
1,449
1,681
5,794
38,058
2009
$
$
29,144
5,462
378
4,656
4,812
1,507
1,408
4,334
51,701
11. Property and Equipment
Property and equipment are as follows at June 30 (in thousands):
Land
Buildings and building improvements
Vehicles, equipment and software
Leasehold improvements
Accumulated depreciation/amortization
2010
$
3,235
11,092
2009
$ 3,235
11,092
25,855
1,147
(26,786)
$ 14,543
24,029
1,164
(22,994)
$ 16,526
Depreciation expense was $4.7 million and $5.5 million, respectively, for the years ended June
30, 2010 and 2009.
Unamortized internal use software costs were $98,000 and $2.5 million, respectively for the
years ended June 30, 2010 and 2009.
12. Defined Contribution Plans
Effective January 1, 1992, CARE USA adopted a defined contribution plan for employees who
meet certain eligibility conditions. Within the various countries in which CARE USA operates
outside the United States, most employees are citizens of the host country. These employees are
generally not eligible for the CARE USA defined contribution plan, but they are eligible for local
government or CARE USA-sponsored plans appropriate for that country.
28
CARE USA
12. Defined Contribution Plans (continued)
These plans generally require payment to the employee at time of employment termination. The
payments are calculated based on the number of years employed. There are certain host country
nationals who do not meet the eligibility conditions for the CARE USA defined contribution
plan. These employees participate in the CARE USA Retirement Savings Plan for Nonresident
Alien Employees. Under both the resident and nonresident plan, CARE USA contributes to a
participant’s account an amount equal to 8 percent of the participant’s gross salary and, if the
participant qualifies, a supplemental contribution is also made. The plan allows employee aftertax contributions.
The plan was amended, effective January 1, 1997, to also allow employee pre-tax contributions.
All contributions by employees are invested in various funds within the plan. Employer
contributions were $3 million and $3.2 million, respectively, for the years ended June 30, 2010
and 2009, and employee contributions were $2.1 million and $2.5 million, respectively, for the
years ended June 30, 2010 and 2009.
13.
Postretirement Benefits
CARE USA provides certain health care and life insurance benefits to eligible retired employees.
CARE USA provides Medicare supplemental coverage to eligible retirees who have reached age
65. In addition, CARE USA provides retirees under age 65 with the option to continue medical
coverage until age 65, if the retiree contributes a portion of the premium. Generally, the medical
plans pay a percentage of most medical expenses reduced for a deductible and payments made
by government programs. The plans are funded on a pay-as-you-go basis.
CARE USA accrues the cost of providing postretirement benefits, including medical and life
insurance coverage, during the active service period of the employee.
CARE USA expects contributions to be equal to benefit payments for the year ending June 30,
2010.
The measurement date is June 30. The following table sets forth the postretirement benefit
obligation reconciled to the accrued postretirement benefit cost recognized in CARE USA’s
consolidated balance sheets as of June 30, 2010 (in thousands):
29
CARE USA
13. Postretirement Benefits (continued)
2010
Changes in benefit obligation
Benefit obligation at beginning of year
Service cost
Interest cost
Participant contributions
Benefits paid
Actuarial gain
$
Benefit obligation at end of year
2009
2,184
91
137
164
(564)
775
$
2,787
Changes in plan assets
Employer contributions
Participant contributions
Benefits paid
Fair value of plan assets at end of year
Funded status
Funded status at the end of the year
Net amount recognized in the consolidated balance sheet
Amount not yet reflected in net periodic benefit cost and
expected to be amortized in next year's net periodic benefit
cost:
Prior service cost
Accumulated loss
2,147
84
136
149
(517)
185
2,184
400
164
(564)
-
368
149
(517)
-
(2,787)
(2,184)
$
(2,787)
$
(2,184)
$
(1)
(33)
(34)
$
(1)
$
(1)
$
$
(2,787)
(2,787)
$
$
(2,184)
(2,184)
$
(8)
(742)
(750)
$
(9)
33
24
$
-
Amounts recognized in the consolidated balance sheet consist of:
Benefits accrued - Post retirement
Amounts not yet reflected in net periodic benefit cost and
included in unrestricted net assets
Prior service cost
Accumulated gain (loss)
Change in unrestricted net assets
Cumulative employer contributions in excess of net periodic
benefit cost
30
$
(2,038)
(2,787)
$
(2,208)
(2,184)
CARE USA
13. Postretirement Benefits (continued)
Components of net periodic benefit cost
Service cost
Interest cost
Amortization of prior service cost
Amortization of net gain
$
Net periodic benefit cost
2010
$
91
137
1
-
$
229
$
Weighted-average assumptions as of June 30 used in determining obligations
2010
Discount rate
4.95%
2009
84
136
1
(3)
218
2009
6.55%
Weighted-average assumptions as of June 30 used in determining net periodic benefit cost
2010
Discount rate
6.55%
The assumed projected health care cost trend rate is 7% declining to 6.6% in 2016.
Future changes in actual compensation and retirement dates can materially affect both the
amount of the benefits ultimately paid and the period over which the related expense is
recognized.
Assumed health care cost trend rates have a significant effect on the amounts reported for the
health care plans. A one-percentage point change in assumed health care cost trend rates would
have the following effects (in thousands):
2010
2009
One-percentage point increase in trend impact
Effect on total of service and interest cost components
Effect on postretirement benefit obligation
$
$
27
327
$
$
24
213
One-percentage point decrease in trend impact
Effect on total of service and interest cost components
Effect on postretirement benefit obligation
$
$
(23)
(286)
$
$
(21)
(189)
Estimated Future Benefit Payments After Fiscal Year-End
2011
2012
2013
2014
2015
Next 5 years
31
$
$
198
190
209
215
217
1,202
CARE USA
14. Program Advances
Program advances by government and nongovernment agencies for the years ended June 30 were
comprised of the following (in thousands):
Monetization proceeds
Commodity grants
Grants and contracts:
U.S. government
CARE International
Host governments
Others
$
$
2010
9,784
2009
$
234
11,589
14,189
4,968
28,777
57,718
13,376
12,588
6,300
22,225
66,312
$
15. Subsidiary Loans Payable
Loans are provided to micro-companies to be used for financial and technical assistance in local
currency to local institutions like local cooperatives, rural banks, and non-governmental
institutions for the production, trade and service providing activities.
Debt maturities and interest rate range for the year ended June 30, 2010 are as follows (in
thousands):
2011
2012
2013
Interest Rate Range
5%-8%
5%-8%
5%-8%
Debt Maturities
$
1,185
4,216
4,150
$
9,551
Loan proceeds are used primarily to carry out microfinance lending activities.
Debt maturities and interest rate range for the year end June 30, 2009 are as follows (in
thousands):
2010
2011
Interest Rate Range
3.50% - 10.50%
4.50% - 12.00%
32
Debt Maturities
$
1,856
6,379
$
8,235
CARE USA
15. Subsidiary Loans payable (continued)
Debt maturities by institution for the years ended June 30 is as follows (in thousands):
Bank
SEED Finance:
Small Business Corporation
Bank of the Philippines
Producers Bank
MicroVest
Bangko
Other Source
Oiko
Planet Finance
MOFAD:
MISFA
Other Source
2010
Amount
$
$
1,119
991
65
999
1,273
349
1,510
499
2,692
54
9,551
2009
Amount
$
$
33
Term
1,804
1,256
1,000
-
12/2007 - 07/2011
10/2007 - 08/2011
12/2009 - 09/2010
05/2009 - 05/2011
05/2009 - 05/2011
12/2009 - 12/2010
10/2009 - 10/2012
10/2009 - 11/2012
4,175
8,235
Payable on demand
05/2009 - 05/2011
Interest
Rate %
9
8
6
8
8
8
10
8
5
5
CARE USA
16. Sources of Support
CARE USA receives support for its programs from charitable contributions and grants and
contracts from government and nongovernment entities. The following describes CARE USA’s
sources of support and revenue for the years ended June 30, 2010 and 2009 (in thousands):
Donor
Contributions
U.S. private support
Public Information - PSA
Total Contributions
CARE International
CARE Australia
CARE Canada
CARE Danmark
CARE Deutschland
CARE France
CARE Japan
CARE Nederland
CARE Norge
CARE Österreich
CARE United Kingdom
CI Secretariat
Total CARE International
U.S. government
Host governments
UNHCR
UNICEF
WFP
Other U.N. agencies
Switzerland
World Bank
Global Fund
Grants, contracts from Subsidiary
Total Government & other support
Other revenue
Interest, dividends, rents, and miscellaneous
Support and Revenue
Cash
$ 129,342
129,342
Agricultural
Commodities
$
-
Nonfood
In Kind
$
2,451
14,651
17,102
Total
2010
Total
2009
$ 131,793
14,651
146,444
$ 106,680
106,680
3,504
16,669
13,485
9,042
13,003
1,186
21,775
13,102
13,715
33,502
509
139,492
-
-
3,504
16,669
13,485
9,042
13,003
1,186
21,775
13,102
13,715
33,502
509
139,492
7,935
9,848
11,525
9,800
13,312
341
22,686
10,114
11,410
36,963
133,934
167,432
21,799
2,203
1,287
1,016
5,492
1,563
1,356
29,857
15,249
247,254
30,572
135
30,707
867
2,265
1,240
17
4,389
198,871
21,799
2,203
1,287
3,416
6,732
1,563
1,356
29,857
15,266
282,350
274,867
20,729
2,061
2,211
6,810
8,170
1,276
9,348
32,230
17,117
374,819
17,722
$ 533,810
34
$
30,707
$ 21,491
17,722
18,691
$ 586,008
$ 634,124
CARE USA
17. Agricultural Commodities
A summary of agricultural commodity activity by CARE USA is as follows (in thousands):
Commodities distributed via CARE USA programs
U.S. government
Others
Total
Commodities received for monetization
with proceeds used by CARE USA
from the U.S. government
Total agricultural commodities support
2010
2009
$ 30,572
135
30,707
$ 94,359
3,399
97,758
1,304
$ 32,011
17,443
$ 115,201
18. Subsidiary and Related Entities Balance Sheets and Statements of Activities
The balance sheets for CARE USA’s subsidiary and related entities before consolidation as of
June 30, 2010 are as follows (in thousands):
Assets
Grants receivable
Microcredit loans receivable, net
Other assets
Total Assets
SEED Finance
$
2,214
6,002
207
9
8,432
Liabilities
Loans payable
Total Liabilities
MOFAD
$
1,240
397
15
39
1,691
89
6,805
6,894
483
2,746
3,229
884
654
1,538
(1,476)
(62)
(1,538)
CARE India Trust
$
28
143
1
14
23
209
Total
$
173
173
3,482
143
6,400
236
71
10,332
745
9,551
10,296
Retained Earnings and Stockholders Equity
Retained earnings and stockholders equity
Minority interest
Total Retained Earnings and Stockholders Equity
$
8,432
35
$
1,691
36
(556)
592
36
36
$
209
$
10,332
CARE USA
(continued)
The balance sheets for CARE USA’s subsidiary and related entities before consolidation as of
June 30, 2009 are as follows (in thousands):
Edyficar
(Discontinued
Ops)
Assets
Grants receivable
Microcredit loans receivable, net
Other assets
Investments
Total Assets
$
12,573
201,231
6,011
8,978
228,793
Liabilities
Loans payable
Total Liabilities
SEED Finance
$
1,413
4,253
111
9
5,786
22,555
164,943
187,498
74
4,615
4,689
31,842
9,453
41,295
882
215
1,097
MOFAD
$
Other
2,152
2,104
78
56
4,390
$
Total
112
189
11
27
104
443
276
4,175
4,451
$
16,250
189
207,599
6,227
9,043
104
239,412
359
359
23,264
173,733
196,997
84
32,751
9,664
42,415
Retained Earnings and Stockholders Equity
Retained earnings and stockholders equity
Minority interest
Total Retained Earnings and Stockholders Equity
$
228,793
$
5,786
(57)
(4)
(61)
$
4,390
$
84
443
$
239,412
* Other consist of Care India Trust & CISSD
The statements of activities for CARE USA’s subsidiary and related entities before consolidation
for the year ended June 30, 2010 are as follows (in thousands):
Edyficar
(Jul - Oct
2009)
Program Income
Interest expense
Net interest income
General and administrative expenses
Net Income (Loss)
$
$
26,144
4,766
21,378
1,982
19,396
14,333
5,063
36
SEED Finance
$
$
799
485
314
12
302
257
45
MOFAD
$
$
325
325
900
(575)
746
(1,321)
CARE India
Trust
$
$
715
715
715
675
40
Total
$
$
27,983
5,251
22,732
2,894
19,838
16,011
3,827
CARE USA
(continued)
The statements of activities for CARE USA’s subsidiary and related entities before consolidation
for the year ended June 30, 2009 are as follows (in thousands):
Edyficar
Program Income
Interest expense
Net interest income
Program expenses
Net Income (Loss)
(Discontinued
Ops)
SEED Finance
$
$
$
65,931
14,192
51,739
3,674
48,065
35,020
13,045
$
504
282
222
19
203
200
3
MOFAD
$
$
617
617
617
741
(124)
Other *
$
$
1,148
1,148
1,148
1,064
84
Total
$
$
68,200
14,474
53,726
3,693
50,033
37,025
13,008
* Other consist of Care India Trust & CISSD
Interest and other income are included in government and other support in the accompanying
consolidated statements of activities. Interest expense is included in financing, depreciation and
miscellaneous expenses in the accompanying consolidated statements of functional expenses.
Provision for loan losses is included in program expenses in the accompanying consolidated
statements of activities. Program expenses are included in the appropriate natural classification
in the accompanying consolidated statements of functional expenses.
19. Commitments and Other Matters
As of June 30, 2010, CARE USA is obligated under noncancelable operating lease agreements
for warehousing, office space and staff housing at minimum rentals as follows (in thousands):
Year
2011
2012
2013
2014
2015
2016 - 2023
Total
Amount
$ 7,322
3,246
1,975
1,498
495
2,429
$ 16,965
Total rent expense was approximately $15 million and $15.2 million, respectively, for the years
ended June 30, 2010 and 2009.
37
CARE USA
19. Commitments and Other Matters (continued)
CARE USA has committed to invest $5 million in MicroVest II, LP, a wholly owned limited
partner of MicroVest General Partners. Contributions made were $500,000 as of June 30, 2010
and $600,000 as of June 30, 2009.
CARE USA has a commitment to loan a total of $3 million to $3.6 million to BRAC Africa
Microfinance, Ltd over a four year period. The loan receivable was $1.5 million as of June 30,
2010 and $800, 000 as of June 30, 2009. Repayment will begin in 2013. CARE USA earns a
5% interest on the loan.
CARE USA has a $1.9 million line of credit used for funding microcredit loans in Honduras. At
June 30, 2010, the outstanding balance owed was $0.4 million. The line of credit is secured by
$1.5 million of microcredit loans receivable. The interest rate is 16%.
CARE USA maintains two letters of credit to secure standby letters of credit and other
guarantees. These letters of credit total $10 million and $2.5 million and cover U.S. and
Peruvian guarantees, respectively. There were no amounts outstanding under these letters of
credit as of June 30, 2010.
In addition, CARE USA is the guarantor on $2.5 million of obligations to donors resulting from
advance funding of projects in CARE USA and other CARE International member country
offices. These guarantees have expirations through October 2011. These guarantees are released
upon the final expenditure of funds on the associated projects in accordance with the terms and
conditions of the contract. The CARE International member that obtained the donor funding is
primarily liable for outstanding amounts, with the guarantees providing additional protection to
the donors. The guarantees would only be exercised if the country offices failed to deliver project
work and were unable to return the cash advances, and the CARE International member was also
unable to repay the donor. CARE USA does not expect to expend any resources as a result of
these guarantees as no expenditures have been required since this program has been in effect.
CARE USA has committed to invest $8 million to fund Access Africa Fund, LLC. This is a
wholly-owned CARE USA subsidiary. Its mission is to provide microloans to the working poor
and their families. Access Africa, LLC became operational on July 9, 2010.
In the normal course of business, CARE USA is party to various claims and assessments. In the
opinion of management, these matters will not have a material effect on the consolidated
financial position, consolidated changes in net assets or consolidated cash flows.
20. Related Parties
Members of CARE USA’s Board of Directors and senior management may, from time to time,
be associated, either directly or indirectly, with companies doing business with the Organization.
For senior management, the Organization requires annual disclosure of significant financial
interests in, or employment or consulting relationship with, entities doing business with the
Organization. These annual disclosures cover both senior management and their immediate
family members. When such relationships exist, measures are taken to appropriately manage the
actual or perceived conflict in the best interest of the Organization.
38
CARE USA
20. Related Parties (continued)
The Organization has a written conflict of interest policy that requires, among other things, that
no member of the Board of Directors can participate in any decision in which he or she (or an
immediate family member) has a material financial interest.
Each Board member is required to certify compliance with the conflict of interest policy on an
annual basis and indicate whether the Organization does business with an entity in which a
trustee has a material financial interest. When such relationships exist, measures are taken to
mitigate any actual or perceived conflict, including requiring that such transactions be conducted
at arm’s length, for good and sufficient consideration, based on terms that are fair and reasonable
to and for the benefit of the Organization, and in accordance with conflict of interest laws. No
such associations are considered to be significant. CARE USA loaned money to the CARE
International Revolving Fund. This is used by CARE International to loan money to other
members. The direct loan to the CARE International Revolving Fund has a balance of $2.5
million for each year ended June 30, 2010 and 2009.
21. Subsequent Events
Management has disclosed all subsequent events through December 17th, 2010, the date the
financial statements were available to be issued.
22. Contingencies
The Government of Bolivia has served CARE USA with tax claims of approximately $15
million for the commercial sale and distribution of commodities during the calendar years 2002 2006. CARE USA has filed lawsuits in Bolivia contesting the validity of these claims. The
lawsuits are still pending.
39
JUNTA DIRECTIVA
INSTITUCIONAL
DIRECCIÓN
NACIONAL
Nivel Directivo
(Toma decisiones)
EQUIPO EJECUTIVO
CONTROLLER REGIONAL
LARCMU
FINANZAS
Servicios Apoyo /
Asesoria (elaborar
politicas, procedimientos,
evaluaciones, etc que
apoyen a la organización
SOPORTE ESTRATEGICO
A PROGRAMAS
DIRECCIÓN COLEGIADA DE
PROGRAMAS
Operaciones
( Misión de la
organización )
ÁREA DE PROGRAMAS DE
DESARROLLO SOSTENIBLE Y
CAMBIO CLIMATICO
PROGRAMA DESARROLLO
SOSTENIBLE
PROGRAMA CAMBIO
CLIMÁTICO
UNIDAD DE GESTION DE
LOS PROGRAMAS DEL
FONDO MUNDIAL
DERECHOS SOCIALES
PROGRAMA IGUALDAD DE
GENERO
PROGRAMA EDUCACIÓN
COORDINACIONES
DEPARTAMENTALES
PROGRAMA DE
NUTRICIÓN
PROGRAMA DE SALUD
PROGRAMA DE AGUA Y
SANEAMIENTO
COORDINACIÓNES DEPARTAMENTALES :
ANCASH, HUANCAVELICA, PUNO, AYACUCHO,
APURÍMAC Y CAJAMARCA
SECRETARIA DE LA
JUNTA DIRECTIVA
JUNTA DIRECTIVA
INSTITUCIONAL
DETALLADO
DIRECCIÓN
NACIONAL
EQUIPO EJECUTIVO
CONTROLLER CARE USA
SOPORTE
ESTRATEGICO A
PROGRAMAS
FINANZAS
CONTABILIDAD Y
TESORERIA
ABASTECIMIENTOS
RECURSOS HUMANOS
ADMINISTRACIÓN
COMUNICACIONES
TECNOLOGÍA DE LA
INFORMACION
MEDARC
ADMINISTRACION
FONDO MUNDIAL
FINANZAS PROYECTOS
DIRECCION COLEGIADA DE
PROGRAMA
ÁREA DE PROGRAMAS
DESARROLLO SOSTENIBLE Y
CAMBIO CLIMÁTICO
PROGRAMA
DESARROLLO
SOSTENIBLE
PROGRAMA CAMBIO
CLIMÁTICO
DERECHOS SOCIALES
GENERO
PROGRAMA EDUCACIÓN
PROGRAMA DE
NUTRICIÓN
PROGRAMA DE SALUD
UNIDAD DE GESTIÓN DE
LOS PROGRAMAS DEL
FONDO MUNDIAL
PROGRAMA DE AGUA Y
SANEAMIENTO
COORDINACIÓNES DEPARTAMENTALES : ANCASH,
HUANCAVELICA, PUNO, AYACUCHO, APURÍMAC Y
CAJAMARCA
COORDINACIONES
DEPARTAMENTALES
JUNTA DIRECTIVA
Cecilia Odar
SECRETARIA DE LA
JUNTA DIRECTIVA
INSTITUCIONAL
DETALLADO CON
RESPONSABLES
Milo Stanojevich
DIRECTOR
NACIONAL
Cecilia Odar
ASISTENTE DE
DIRECCIÓN
Rebeca León
CONTROLLER DE
FINANZAS
Helba Cotillo
COORDINADORA AREA
DE SOPORTE
ESTRATEGICO A LOS
PROGRAMAS
DIRECCION COLEGIADA DE
PROGRAMA
Segundo Dávila
COORDINADOR DE ÁREA
DE PROGRAMAS DE
DESARROLLO SOSTENIBLE
Y CAMBIO CLIMÁTICO
Fiorella Oneeglio, Silvana
Nuñez y Elena Castillo
ASISTENTE
ADMINISTRATIVA
Marcia Barbis,
Hector León, Diana
Atoche
ASISTENTE
ADMINISTRATIVA(O)
Alejandro Rojas
COORDINADOR PROGRAMA
DESARROLLO SOSTENIBLE
Virginia Baffigo
COORDINADORA UNIDAD
DE GESTION DE LOS
PROGRAMAS DEL
FONDO MUNDIAL
Ariel Frisancho
COORDINADOR DE ÁREA
DE PROGRAMAS DE
DERECHOS SOCIALES
Segundo Dávila
COORDINADOR PROGRAMA
CAMBIO CLIMÁTICO
Marie Elena Reyes
COORDINADORA DE
GENERO
Ana Maria Robles
COORDINADORA
PROGRAMA
EDUCACION
COORDINADORES(AS)
DEPARTAMENTALES
Alicia Leuridan
ASISTENTE
ADMINISTRATIVA
Walter Vílchez
COORDINADOR
PROGRAMA DE
NUTRICIÓN
Ariel Frisancho
COORDINADOR
PROGRAMA DE SALUD
Lourdes Mindreau
COORDINACIÓN
PROGRAMA DE AGUA
Y SANEAMIENTO
COORDINACIÓNES DEPARTAMENTALES : ANCASH,
HUANCAVELICA, PUNO, AYACUCHO, APURÍMAC Y
CAJAMARCA

PROETICA Formulario Iniciativa Regional RENDIR CUENTAS f..xlsx

Transcription

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