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Plan USA
planusa.org
Plan USA Board of Directors
Oren E. Whyche-Shaw (Chairman)
Senior Advisor
Office of Multilateral Development Banks
U.S. Department of the Treasury
Washington, DC
Howard Cutler (Vice-chairman)
Executive Producer WGBH Interactive
WGBH Educational Foundation
Cambridge, MA
Eric Chatman (Treasurer)
CFO
Iowa Financial Authority
Des Moines, IA
Dorota Keverian (Secretary)
Lexington, MA
W. Ahuma Adodoadji
President/CEO
Plan USA
Warwick, RI
Audrey Bracey Deegan
Director
Deloitte Consulting LP
McLean, VA
Paul S. Dwyer, Jr.
CEO
Viamericas Corporation
Bethesda, MD
Deborah Held
Attorney/Artist/Singer
Oyster Bay, NY
Ahmed Moen
Chairman/Director and Associate Professor
Howard University
College of Pharmacy, Nursing and Allied Health Sciences
Washington, DC
Raj K. Nooyi
Founder
PreeTara LLC
Greenwich, CT
Jack Poulson
Fund Manager
Mariner Investment Group
Harrison, NY
Tamer Rashad
Director
Global Client Coverage
Office of the President
Merrill Lynch
New York, NY
Walter Stone
Attorney Chairman
Criminal Law Group
Adler Pollock & Sheehan P.C.
Providence, RI
Allison Knapp Womack
Director of Client Services
Doremus Advertising
New York, NY
Graphic design: Angela Elizabeth Gora
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Letter from the President/CEO
Dear Friend,
For over 70 years, Plan has been working to make this world a better place—one child, one family, and
one community at a time. In the 25,000 communities across the globe that choose to work with us, our
multi-level community development programs—remarkable in their scope and impact—are improving lives
now and for generations.
Once again, in 2008, Plan’s expertise—in education, health, HIV/AIDS, microfinance, water and
sanitation, disaster risk management and relief, and child protection—solidified our reputation on the world
stage. Whether alone or in partnership with other NGOs and governments, Plan’s credibility translated into
even more successful child-centered programs that were scalable and replicable.
Our work will always be grounded in giving children and their families in developing nations the right
opportunities for fulfilling their own vast potential, so that they can give back to, and lead their communities
out of poverty. Girls, in particular, throughout the world have been largely overlooked as a resource for
resolving societal problems, which is why in 2009 Plan will be standing strong behind our “Because I Am a
Girl” campaign.
We know that when girls rise up and stand beside boys as equals, everyone benefits. Educated, healthy,
and empowered girls are more likely to improve the lives of their families, communities, and countries.
And they grow up to be women that make their families less vulnerable to the kind of economic shocks
that were witnessed all over the world in 2008. Plan believes that investment in girls is the greatest hope for
changing the face of the developing world.
As always, we appreciate the continued support of our sponsors, donors, and grantmakers. Together, we
are tackling uncertainty with real solutions that promise not only a brighter future for children, but also a
safer and more just world for all.
From all of us at Plan USA, thank you for taking part in 2008.
W. Ahuma Adodoadji
President/CEO Plan USA
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Thank you for your support!
The following is an alphabetical
list of donors and partners who
contributed to our work in the
developing world during
Fiscal Year 2008, specifically
July 1, 2007 through
June 30, 2008.
Plan USA Donors and Partners
$1,000,000+
Estate of Mrs. Joan Cunningham
Ms. June Cravens Sholin
Mr. & Mrs. Charles L. Lynch
The Enoch Foundation
The New York Community Trust
MBNA/Bank of America
American National Red Cross
KidsGive
University Research Co.-Center for Human Svcs.
Mrs. Kenneth J. McIlraith
Christian Children’s Fund
Mr. & Mrs. Steven G. King
Mr. Roger Linley Van Riper
Mr. Hiroshi Menjo
US Agency for International Development (USAID)
Carol J. LeFevre
Mrs. Linda Vergison
Mr. & Mrs. Thomas Joel Miller
Estate of Mrs. Phyllis A. Yuhas
Mr. Bernt Rosen
Mrs. Arnold R. Wolff
Mr. Kenneth J. Miller
$250,000 - $500,000
Skip & Sherry Miller
The 1990 Institute
$5,000 - $10,000
The George Link Jr Foundation Inc
Mr. Albert R. Minor Jr.
Mr. Steve Morton-Smith
World Bank
Joseph & Sophia Abeles Foundation
Mr. Hatem E. Mostafa
Estate of Mr. Charles R. Allen
Martha E. Ortiz & Dr. Robert H. Diamond
ARC Logistics, Inc
Mr. & Mrs. Michael Papaioanu
Mrs. Elaine J. Behrins
Burt Bacharach
Mr. William L. Parker
Estate of Mrs. Rose Rhodes
Colin & Una Bowness
Ms. Gigliola Baruffi
Mr. Michael B. Pilert
World Learning
Mr. Graham Casden
Mr. Steven Belmonte
Ms. Marla A. Rainey
Estate of Edith M. Dudgeon
Mr. Rajarshi Bhattacharyya
Ramada Inn - New Hartford
Estate Of Ernest Gibson
Raymond & Elizabeth Bloch
Dr. Uma Rangaraj
Ms. Roberta C. Greener
Mr. William D. Bone
Mr. & Mrs. J & M Rankin
Jewish Communal Fund
Estate of Mrs. Jean T. Herlin
Mr. & Mrs. David Boyd
Estate of Mr. Robert Ellis Reel
Microsoft Corporation
Mr. & Mrs. Howard V. Norton
Estate of Dr. Christopher W. Canino
Mr. Stuart S. Richardson Jr.
Stephen and Sandra Rosenthal
Pathfinder International
Mr. & Mrs. John M. Carter
Rotary Club of Tyler Texas
Estate of Daryl M. Shoemaker
Mr. David J. Perez
Chevron Global Aviation
Mr. Michael Roxborough
Mr. & Mrs. Alfred R. Stamm
Mr. Eugene A. Peterson
Mr. Alexander H. P. Colhoun
Mr. John D. Schubert
Ms. Jolene A. Samlaska
Mr. Myles E. Covey
Edmund J. E. Schuster Ph.D.
Mr. & Mrs. Scott Sells
C. Leanne Cowley
The Schuster Family
Target Sourcing Services/AMC
Dr. Elinor Crandall
Seattle Foundation
Mr. James Cochran
The Roke Foundation
Mr. Stan Crawford
The Seely Family
Estate of Pauline M. Colahan
Estate of William R. White
Mr. Howard M. Cutler
Mr. & Mrs. David Seeman
Ms. Joan M. Davis
Mr. Walter B. Shaffer
Mr. Wim De Pauw
Mr. & Mrs. Robert A. Sherman
Guido Deboeck
Mr. Leland L. Shields
Estate of Mr. Gilbert Michel Jr.
$150,000 - $250,000
$100,000 - $150,000
$75,000 - $100,000
$15,000 - $25,000
Development Alternatives, Inc.
Ford Foundation
$10,000 - $15,000
Princess Cruises
Dr. & Mrs. Norberto E. Priu
Estate of Ms. Katherine Adams
Mr. & Mrs. E. M. Dickson
Mrs. Margaret Stavropoulos
William & Flora Hewlett Foundation
Mr. Anthony J. Andrews
DiLeonardo International, Inc.
Mr. Frank Stiebel
Miss Theresa J. Arvidson
Mr. John Drew
Study Group US
Blanche T Enders Charitable Trust
Mr. & Mrs. David A. Duff
Milton Tenenbaum Charitable Foundation
Mr. & Mrs. Martin Evans
Mr. Robert G. Engman
The Cavaricci Foundation
Mr. John P. Fountas
Mr. Gary Fink
Friedman Supporting Foundation Inc
Tithe Corporation
Hess Corporation
The Dino Germani Trust
Estate of Mrs. Eula Fyock
Terence F & Irene Unter
Estate of Miss Yvonne C. Lucassen
Ms. Gertrude Goff
The Bernard A. Gallup Trust
Vantage Hospitality Group Inc.
Pepsico
Mr. & Mrs. Michael A. Heynen
General Electric Company
Dr. Daniel Vasella
Ramada Plaza Resorts
JL Lane
Mr. & Mrs. Michael Z. Gordon
Mr. Oliver VonTroll
Estate of Elizabeth Lola Rogers
Mrs. Malcolm McKnight
Mr. & Mrs. Philip A. Greenberg
Ms. Nancy Warwick
Mr. Michael R. Shepard
Mr. James R. Mellon II
Estate of Miss Ruth Hazlett
Mr. Paul J. Weissman
Microsoft Matching Gift Acct.
Ms. Holly Holland
Billy S. Wells D.D.S.
Mundito Foundation
Mr. Floyd F. Honea II
$50,000 - $75,000
$25,000 - $50,000
Quaker Foods & Snacks
Thomas J. Kraft
Academy for Educational Development (AED)
Estate of Emerson & Sophie Shaw
Ms. Barbara Kurson
Estate of Sherl K. Coleman
Dr. William P. Sheridan
Mr. James D. Liggett
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$2,500 - $5,000
Mr. John Abdo
Aircom International
Ms. Eva M. Allen
Ambrosia Software Inc
Miss Janet Amighi
Analytics Operations Engineering
Mr. Peter Bancroft
Bank of America Fdn Matching Gift Acct
Miss Susan R. Bartulevicius
Mrs. Teresa Battaglia
Mr. Michael Bell
Thomas Bengtsson
Mr. & Mrs. John R. Berger
Mr. Alan Bernstein
Dr. Lewis S. Betty
Blake Middle School
Mr. Raymond L. Bobko
Morene Bodner
Mrs. Andrea Boerries
Ms. Nancy Bonagura
Lisa, Bob, Matthew and Michael Bone
Dr. Lynn E. Bootes
Mr. Eric Bouche
Ms. Doris B. Braendel
Mr. David F. Bravender
Mr. Eugene C. Cade
Ms. Joanne G. Cali
Ms. Mary Carryer
Mr. Kicab Castaneda-Mendez
Mr. Clarence S. Cattouse
Changing The Present
Mrs. R. B. Chappell Jr.
Mr. M. J. Chick Jr.
Mrs. Marcy L. Clausen
Mr. Matthew John Cole
Mrs. Serena S. Connelly
Ms. Joan Ganz Cooney
Ms. Tereza Coraggio
CORE Group
Mr. Stan Cosstephens
Elisabeth and John Cox
Karel Dahmen
Mr. Kevin R. Davis
Vicki DeGoff & Dick Sherman
Miss Diantha V. DeGraw
Dr. Steven C. DeMocker
Mr. Subhuti Dharmananda
Mrs. Esther Di Maggio
Mrs. Janice C. Dimino
Mr. Edward J. Dinnen
Lynne and Samuel Dodson
Mr. Michael G. Dow
Katherine & Mark D. Dueholm
Eagle-Com Inc
Mr. & Mrs. Charles Entenmann
Etc, Inc
Mr. John G. Filipcic
Victor & Ruth Finizio
Mr. Paul A. Fiske
Mr. & Mrs. Randolph L. Freiberg
The Lend-A-Hand Society
Ms. Catherine M. Geair
Mr. Matthew Geiger
Estate of Ms. Elizabeth Gentile
Mrs. Shani S. Gill
Ms. Veronique Gillard
Ms. Maria Glover
Mr. Luis Guincher
Ms. Arden Gustafson
H. Howard Johnson Trust
Mr. & Mrs. Joseph E. Hall
Mrs. Katherine D. Hamann
Jeanne M. Hanahan
Ms. Sandra I. Hancock
Robin & Joseph Harland
Dr. James S. Harper 3rd
Hope Global
Mr. & Mrs. William H. Hudson
Illinois Tool Works
Ms. Carol C. Jensen
Ms. Carrie Jouflas
Mr. James C. Kearns
Estate of Dr. Emma M. Kent
Ms. Krystyna Kiel
Mr. Gideon Kiriat
Ms. Jill Kovacich
Mr. Merwin Foster and Dr. Laura Larsen
Mrs. Pam F. Larsen
Mrs. H. C. Lathrop
Ms. Flavia Laviosa
Lawton C. Johnson Summit Middle School
Ms. Amanda L. Lee
Mr. Joseph Lepera
Mr. & Mrs. Jefery Levy
Mr. Samuel Akinluyi
Khaled Ali PhD
Ms. Kay M. Altonen
American International Group, Inc.
Mrs. Grace A. Andersen
Mr. Vincent A. Andrews
Mr. Jerome H. Angel
Ms. Faye Angevine
Mr. Louis A. Antico
Mrs. Gina Antonello Patton
Brenda Antrim
Mr. Rudy Arena
Mrs. Louise Armstrong
Lisa C. Arvanaghi
Ms. Constance Arzigian
Mrs. Onagh M. Ash
Ms. Helga Ashkenaze
Aspen Grove Foundation
Ms. Jane Atherton
Estate of Mrs. Mary P. Austin
Miss Josephine C. Balajadia
Mr. Larry M. Balkin
Dr. & Mrs. Ronald A. Banaszak
Mrs. Jane C. Bannerman
Mrs. Langdon L. Barber
Mr. & Mrs. Donald E. Barnes
Mr. Peter J. Barry
Mrs. Fred Bartlit
Mr. Daniel Bayly
Mr. Roger Beasley
Mr. Darrell E. Bellert
Mr. Henry J. Benoit
Mr. & Mrs. Max Bergheiser
Mrs. Marion J. Bergman
Mr. Marcel Bernard
Ms. Sandra Bernhard
Mrs. C. W. Birkett
Mrs. Laura Lee Blake
Ms. Loretta M. Blaul
Mr. Thomas J. Blauvelt
Duane & Dorothy Bluemke Foundation
Mr. Cornelius F. Bodtmann
Mr. Pierre C. Bouvard
Ms. Patricia Bowles
Mr. & Mrs. Tim K. Bradley
Mrs. Celeste S. Bran
Mrs. Doerthe Braun
Kerri & Douglas D. Brimmer
Bristol-Meyers Squibb Foundation
Ms. Jane A. Bristow
Ms. Kathie K. Brobeck
Mr. Junius Brodmax
Ms. Markell Brooks
Ms. Anne Brown
Mr. Daniel W. Brown
Ms. Judy A. Brown
Mr. S. Gordon Brummer
Mrs. Katherine Bruns
Prof. Ernst Bucher
Mr. Brian Buck
Mr. Con T. Bui
Hollie E. Butler
Ms. Beatrice C. Butler
Mr. Bruce B. Byron
Mr. Charles Calcara
Ms. Sherry L. Calkins
Mrs. Hugh F. Callaly
Miss Jane M. Callanan
Dr. Joseph F. Campana
Mr. James M. Campbell
Kathleen & Bob Campbell
Ms. Nancy J. Campione
Mr. & Mrs. John H. Canaday
Dr. & Mrs. R. Neil Capper
Mrs. Kathy Cardos
Mrs. E. Mary Cargill
Ms. Patrice Carpenter
Mrs. W. F. Cartwright
Mrs. Diane M. Casey-Landry
Mr. & Mrs. David G. Catanzarite
Mr. & Mrs. James Cebulski
Sandra Cepeda
Mr. Michael A. Ceurvorst
Mr. Thomas Chamberlin
Ms. Jenny Q. Chiam
Ms. Georgia Chronas-Sfirogianaki
CIBC World Markets Corp.
Dr. Miguel Cima M.D.
Mr. Steven S. Cinesi
Mr. Brice M. Clagett
Ms. Judith L. Coker
Mr. Dave Colangelo
Mr. Addison D. Cole
Mr. Roger V. Coleman
Barbara Coll
Ms. Kathlene Collins
Ms. Lynn Collins
Ms. Michele Logan
Mr. Victor E. Lombardi
Los Angeles Capital Mgnt & Equity Research, Inc
The Mona L. Loudermilk Charitable Trust
Mr. Ivan Lund
Mr. Robert C. Luska
Dr. Terence M. Lynch
J. Hart Lyon
Jeffrey & Diane Lyons
Mr. Gulbir S. Madan
Sukumar K. Majmudar
Mr. Najib Z. Makhdoom
Ms. Laura Martinez
Mr. Mark Mastrangelo
Mr. Don Mastrodomenico
Maverick Capital Charities
Mr. Gene M. McGill
Miss Barbara E. Medley
Frank & Gail Messina
The Ronald Miller Family
Mrs. Beth R. Miller
Mobil
Mr. & Mrs. John Najarian
Navigate International
Roger and Trish Neve
Mr. & Mrs. Ted Nirenberg
Mr. W. A. Colin Noble
Ms. Kelli Norden
Mr. Dan Olson
Mr. Harry St. A. O’Neill
Ms. Jan Owen
Mr. Stephen C. Oxford
Mr. Joseph S. Pannullo
Ellen B. Pearson
Ms. Laura H. Peebles
John & Lorraine Pereira
Mr. Walter Perry III
Pfizer Matching Gift Account
Dr. Marilynn J. Phillips
Pilot Automotive
Mr. Eugene J. Pontillo
Ms. Leslie Pratt
Ms. Rachel Pray
Carol & Allen Price
Rancho Sante Fe Foundation
Ms. Susan R. Randel
Mr. James Randi
Dr. Sandra R. Raynor
Mr. Samuel R. Regina
Ms. Lori D. Renwick
Mr. & Mrs. Stuart Richardson
Mr. James F. Rogers
Mr. Patrick A. Rooney
Mr. Dale C. Rosenbloom
Lourdes and Paul Ruh
Adele F. Sands
Mr. James E. Schor
Mrs. Denice Sherwin
Mr. & Mrs. James E. Shirron
Mr. Frederick F. Smith
Mr. & Mrs. Matthew K. Smith Jr.
Mr. Johnathan Smith
Mr. & Mrs. Wayne Sorin
St. Andrews Episcopal Church
Jon M & Terry Stark
Mr. Frederick Startup
Mrs. Leona Stein
Mr. Paul Stork
Mr. Christopher H. Strayhorn
Students About the Business of Change
Mrs. Leslie Sutton
Mr. Richard S. Swann Jr.
Mr. Arthur T. Taylor III
Mrs. Margaretta Taylor
TBS Shipping Services Inc
Tenet Healthcare Foundation
The 1912 Charitable Foundation
The Newton Tanzania Collaborative Inc
Mrs. Lowell Thomas Jr.
Mrs. Edna Tuttleman
The Deo van Wijk Family
Mrs. Erika Volhontseff
Miss Nancy Welfer
Ms. Mei Jen Weng
Mrs. Nancy Williams
Mary O. Willis
Dr. Robert B. Winans
Dr. Edward Witten
Paul Colleen Brian and Jaime Ziegler
$1,500 -
$2,500
Mr. James S. Ackerman
ActivSupport, Inc.
Mr. John K. Adamiak
Mr. Jack H. Adams
Advocates Professional Services Inc
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Mr. & Mrs. Robert M. Compeau Jr.
Mr. & Mrs. Matthew Conlan
Conservation Food & Hlth Fnd Inc
Ms. Karen R. Cordry
Corn Products International
Mrs. Kathy Cottrell
Ms. Barbara G. Cox
Mr. John R. Crane
Mrs. Tracy Cribb
Amy D. Crowell
Mr. Matthew Dalton
Mrs. Michele D’Andrea
Ms. W Ellen Darling
Mr. Pranab A. Das
Mr. & Mrs. Brian Davies
Ms. Mari Dawley
Rae G. de la Cretaz
Mr. A. J. Dean M.D.
Mr. John N. DeFoore
Amber and David DeSilva
David & Arlene Dieckhoff
Mr. J. William Ditter
George & Barbara Dominguez
Mr. Robert J. Donovan
Mr. & Mrs. Mark E. Dorman
Lucia Dorneden PhD
Shaun Dowd
Mr. Dan Ducote
Ms. Susan M Duffy
Mr. & Mrs. Raymond J. Dunn
The Dynan Family Trust
The Eastman Family
Ms. Katherine S. Egan
Mrs. Rosanne U. Ehle
Howard & Linda Eisenberg
Mr. Oscar L. Elizaga
Ms. Janet R. Elsbach
Ms. Cindy L. Emanouil
Ms. Janet A. Emig
Elizabeth Engels
Kay J. English
Nil Eren
Ms. Berta Escurra
Mr. Douglas V. Faller
Dennis Faltynski
Mr. Jack E. Feinberg
Mr. Richard J. Feldman
Mr. Mike A. Fennell
Mrs. Elena F. Fernandez-Bollo
Rodrigo Ferrer
Ms. Donna Fessler
Mr. Jeffrey A. Fiedler
Mr. & Mrs. John Fields
Mrs. Richard A. Fink
Mr. Edward Finnerty
FirstGiving Inc.
Mr. Carl E. Fischer
Mrs. Carolyn R. Flower
Mr. & Mrs. David P. Folkes
Mr. Apiwat W. Ford
Dr. Richard M. Forster
Mrs. Elaine W. Foster
Ms. Debra E. Francis
Mr. William H. Franklin
Mr. Darren W. Freeberg
Jan & Maggie Freed
Mr. Gordon M. Freeman
Mr. R John Freese
Mr. Joseph Friedrich
Ms. Herta C. Fuchs
Mr. and Mrs. Mark Fullenkamp
Mr. Dennis Fulvio
Mr. Felix Gandara
Elsa & Dick M. Gary
Mr. Joseph E. Gassib Sr.
Ms. Vickie Banks Gaynor
Mrs. John K. Geisler
Mr. C. L. Gillespie
Mrs. Sherry Gillingham
Mr. Charles Gilreath
Mr. John Gilson
David B. Gittlin
Mr. James F. Glassford
Mr. Arthur Goldberg
Dr. Emilio Gonzalez-Ayala M.D.
Dr. & Mrs. James E. Gracheck
Mr. Timothy G. Greco
Mr. Mihai Grecu
Jacqueline Greedy
Mr. Randall A. Green
Mr. & Mrs. Bradford C. Grems III
Mr. Martin A. Grunburg
Mr. Duncan P. Gurley
Mr. & Mrs. John H. Gusmer
Thomas C. Hall M.D.
Mrs. Bindia Hallauer
Mr. James C. Halliday
Ms. Annie Halvorsen
Ms. Ellen B. Hamblet
Mr. Joseph D. Hanley
Mrs. Jabie S. Hardin
Mr. & Mrs. Jon Harmelin
Ms. Ellen R. Harris
Mr. Rex M. Harris
Hartman Middle School
Keith & Randy Lynn Harwood
Mr. Toshio Hatano
Mr. Ashok Hathiramani
Dr. Richard & Dr. Rosaria Haugland
Ms. Jean Hays
Mr. John L. Hazen
Mr. Michael S. Hebel
Mr. Michael R. Helms
Mr. & Mrs. William A. Hendrix
Mrs. Ronica Henning
Ms. Susan Herald
Ronda J. Herdman
Mr. Kofi S. Hevi
Mr. & Mrs. Arthur Higgins
Highland-Mills Foundation
Mrs. P. M. Hildebrandt
Ms. Hollis Hillhouse
Mr. & Mrs. George N. Himes
Hobart and Wm Smith Colleges
Ruth Hodges
Mr. Henry Holland
Brian & Catherine Hollstein
Mrs. Virginia Y. Holshuh
Ms. Katy Homans
Ms. Mary E. Honsaker
Mr. Mark J. Houlihan
Mr. Evon O. Housen
HSBC Household
Ms. Grace Hsu
Mr. & Mrs. James S. Hull
Mr. George E. Humphries
Ms. Rose Hundal
Juwayriyah and Muhammad Hussain
Mr. Enrico Ianni
George and Anne Marie Inglis
Mrs. Elda Israel
Mr. George Jacobs
Mr. Behfar Jahanbin
Ms. Lynette Jattan-Cunningham
Mr. & Mrs. David S. Jenney
Joe Greene Insurance Agency Inc.
Mrs. Lorna E. Johnson
Karen & Fred L Johnson
Ms. Ellen C. Jordan
JP Morgan Chase Foundation
JustGive
Mr. Julian Kadish
Ms. Barbara Kafka
Ms. Catherine M. Kahrs
Mr. Gerald W. Kalina
Ms. Debora A. Kane
Gerald A & Joan Karrle
Mr. & Mrs. Donald Keehan
Linda G. Keetch
Miss Marie C. Keith
Mr. & Mrs. Frank A. Kelleher
Mrs. Howard Kelly
Mark A Kelly
Ms. Jennifer A. Kendrick
Mr. Gerald J. Kepes
Mrs. Farina Khan
Mr. Gerard J. Kilgallon
Mr. & Mrs. Namsik Kim
Ms. Patricia R. Kingsbury
Mr. Antony King-Yin Kong
Ms. Nynke Klick
Ms. Connie Knott
Mr. James T. Knowles
Mr. Steve Kohn
Ron G & Virginia Koning
Mr. Itay Koren
Mr. Rainer Krell
Mrs. Adine Kretschmer
Mrs. Jane Kristof
Dr. Mary Louise Krumrine
Estate of James J. La Forest
La Paloma de Tubac
Miss Gloria Laird
Miss Theresa L. Lally
Mr. Steve J Lanctot
Mr. & Mrs. Fred Landenwitsch
Ms. Linda F. Lantz
Mr. Patrick Lanzing
Dr. Mio Sam Lao
Mr. Charles C. Larsen
Ms. Judith H. Lasater
Mr. & Mrs. Trifon Laskaris
Mr. & Mrs. William Lathrop
Mr. Greg J. Lauckhart
Loretta Lawler
Ms. Jane F. Ledbetter
Ms. Lois Ann Lee
Mrs. Judy LeFevre-Levy
Ms. Constance A. Lempenau
Ms. Barbara Lenane
Ms. Pamela F. Lenehan
Estate of Dr. Richard H. Lent
Dr. David N. Lisi
Mr. Giovanni Llerena
Ms. Isabelle M. Lloyd
Ms. Bettye K. Logan
Estate of Miss Lucile L. Love
Mr. & Mrs. Dana E. Low
Ms. Tish Lower
Mr. Brian M. Lubliner
Ms. Francis P. Lucier
Jack & Judy Lundy
To the family of Mr. Melvin E. Lynn Jr.
Mrs. Charles E. Machacek
Ms. Diane Macivor
Mr. Stephen Mack
Ms. Sharon F. Mackenzie
Vincent & Abigail Maddi
Ms. Marylou G. Madigan
Mrs. Corrine Madimenos
Mr. Mohamed Mahomed
Mr. Joseph A. Malone Jr.
Ms. Ingrid Maltrud
Paul & Jean Mangone
Mr. Joseph M. Manogue
Mr. Paul Manson
Kathy & David Manville
Mr. & Mrs. M. Marcus
Mr. Jean-Francois Marleau
Mr. William Marley
Ms. Anellina Marrelli
Ms. Laura A. Marsan
Mr. James Martin
Mr. Manuel Martinez
Sean & Anne-Laure Martyn
Mrs. Marge J. Mason
Dr. Francis J. Matese
Mrs. Jennie Mather
Mrs. Bonnie Mattox
Mr. & Mrs. William Mc Cormick
Mrs. Cindy A. McCarter
Miss Rachel McCracken
Mr. & Mrs. Donald T. McDonald
Mrs. Annabelle McEachin
Mrs. Catherine B. McEnerney
Ms. Christina W. McIntyre
Ms. Corenne M. McKinley
Ms. Renee McKinney
Judith & Mark A. McLean
Mr. & Mrs. Mark McNiven
Mr. Terrence S. McParland
Ms. Mary Ellen McPhelim
Mr. Steve D. McPherson
Mr. Juan Mejorado
Mr. Lewis E. Melcher
Ms. Joann Mellott
Mr. & Mrs. John T. Mendel
Mr. & Mrs. Peter Mieszkowski
Mr. Terry E. Miller
Mr. Robert Milton
Mrs. Birgit Miranda
Mr. Howard W. Mizell
Mr. Richard D. Mondelli
Mr. & Mrs. Vijay Mookerjee
Paul R & Elaine Moquin
Mr. & Mrs. I. A. Morris
Mr. Guido A. Mosca
Mrs. Barbara Mosley
Mr. Kasey Moulton
Mrs. Joyce Muhlstadt-Lechner
Robert & Peggy Mullen
Ms. Jean A. Murdock
Mr. & Mrs. John R. Murphy
Ms. Kathleen M. Murray
Mrs. Donna Nakamoto
Estate of Mrs. Emily R. Nashner
Mrs. Robin L. Nelson
Dr. Jutta Magnus Nemec
Mr. Robert Nevans
New Bridge Foundation
Ms. Cherry Newcom
Mrs. Katherine Newhouse
Ms. Mary E. Newton
Ms. Carolyn Newton
Mr. Wm G. Niemann
Ms. Janet L. Nordin
Mr. Gilbert Normandin
North Carolina Community Foundation
Miss Nikki Nufer
Irawan Nugroho
Mr. Daniel I. Nyblad
Mrs. Barbara A. Nye
Mr. Noel J. Oates
Mrs. Lauren Oberbannscheidt
Mrs. Helen O’Brien
Mrs. Marcia Obukowicz
Mrs. Patti O’Donoghue
Mrs. Janet M. Ortiz
Ms. Conni L. Otradovec
Ms. Allison Otto
Chaplain Paul D.Ouzts
Mrs. Sally R. Pappalardo
Mr. Charles Parkinson
Mr. Michael Paschal
Miss Ann Pate
Mr. Lee Patterson
Dru R. Patterson
Richard G. Patton
John & Susan Pearl
Mr. Christopher W. Pearse
John & Dorothy Peccia
Mr. Warren M. Pederson
Mrs. Betty Ann Perkins
Mrs. Charlotte Perret
Miss Alice Peterson
Mr. & Mrs. Lawrence T. Phelan
David & Jane Phelps
Ms. Frances A. Philley
Mrs. Marilyn V. Phillips
Mr. & Mrs. Richard C. Porter
Mr. & Mrs. Natasha & David A. Porter
Dr. Raymond J Portman DDS
Ms. Eileen Ramspacher
Mr. Anthony J. Rando
Mukund & Usha Rao
Mr. Tamer Rashad
Mr. Robert B. Ravenscroft
Mr. & Mrs. L Will Rayment
Mr. Jeffrey T. Raymond
Mr. Nobel Sanjay Rebello
Mr. & Mrs. Gerhard Reinert
Ms. Shirley Revak
Ms. Cristina Reyes
Mr. Gene Reynolds
Mr. Thomas Rhett
Ms. Amy L. Richardson
Mr. Bob Riley
Mr. & Mrs. David Tim Riley
Mr. Philip Rizzi
Ms. Alice L. Robertson
Rockefeller Financial Services
Ms. Jeanne Rodgers
Mr. James J. Rodrigues
Ms. Veronica A. Roeser
Rollins College
Christine & Kurt Ronn
Mr. Theodore Rosenberg
Patricia Rosewater & Tim Kelly
Mr. Paul W. Rowe
Mr. Ranjit J. Rozario
Mr. Peter Ruof
Ms. Cecilia H. Russell
Mr. & Mrs. William A. Rutter
Mr. H. Theodore Ryberg
Mr. Robert Rywick Atty
Ms. Nancy Lambeth Safriet
Valerie Said
Peter H. Salguero
Karmen B. San Nicolas
Ms. Emily Sanders
Mr. Terence Sanford
Shirley Santel
Yves S. Sauvignon
Mrs. June Schanbacher
Mr. Thomas Schmidt
Alan & Delores Schultz
Raye Scott
Ronald A. & Norma Segarra
Mr. Bruce Seldeen
Mrs. Herbert Seligman
Mr. William H. Sens
Mr. William G. Sesler
Richard & Toni Seton
Mr. Michael M. Seymour
Mr. Robert A. Sharp
Mrs. Gabriela Shaw
Ms. Linda Shear
Mr. John Sherrill
Mrs. Paul J. Shields
Mr. & Mrs. George E. Simpson
Ms. Frances A. Sinclair
Mr. Patrick J. Slattery
Mr. Harry K. Sleicher
Mr. Donald B. Small
Dr. & Mrs. Bernard E. Small
Mr. George P. Smeal
Lyle B & Diana Smith
Mr. Elbert B. Smith
-6-
Daniel & Judith Smith
Mrs. Janet B. Smith
Ms. Jeanie K Smith
Mrs. Maryhelen R. Smith
Anne & Stan Smith
Ms. Martha Snell
Mr. Abraham Somach
Mrs. Melissa Sonsma
Mr. Howard Sontag
Mrs. Robert C. Sorensen
Mr. G. Parks Souther
Ms. Angela Southwould
Ms. Twana Sparks
Pete B & Clytie Sparks
Dr. Mark V. Speziale
Ms. Katrin Spiess
Dr. Katherine Sprunt
Ms. Kathleen M. Stanko
Mr. Ronald Steder
Ms. Harriet B. Stephenson
Mr. & Mrs. Roy J. Stewart
Ms. Catherine A. Stinneford
Dr. McLean J. Stith
Fox and Elsie Stoddard
Caryn & Larry Straus
Ms. Sharla Strube
Mrs. Waldo Sturm
Mr. & Mrs. Harold & Elisabeth Sulger
Ms. Georgia Summers
Mrs. Adrian O. Swain
Mr. Robert Swift
Symmetry
Mr. Spencer E. Szczesny
Paul & Rebecca Tag
Mr. Dan Taliercio
Mr. Nobuo Tarui
Mr. Sridhar Tayur
Ms. Kwanwen Teng
Mr. Errol J. Terrell
The One Total Home Experience L.L.C.
Mr. John Paul Theo
Dr. William Thomas
Ms. Nancy G. Thompson
Ms. Jean Thomson Anderson
Mr. & Mrs. C. H. Timberlake Jr.
Victoria & Robert Tipp
Mr. Emmet E. Tracy Jr.
Mr. Yi-Fu Tuan
Utah Mortgage Center Inc.
Rev. William Van De Kreeke
Mr. & Mrs. Hubert Van Der Heijden
Mr. Robert T. Van Der Kam
Ms. Donna Van Fleet
Miss Katherine Van Hoy
Mrs. D. A. Van Schooneveld
Mr. & Mrs. R. F. Van Valkenburg
Mr. Freeman Van Wickler
Mr. Ashok P. Varikooty
Ms. Cherie E. Vaughn
Mrs. Sheila J. Vecere
Mr. Thomas B. Verme
Verna R. Myers Trust
Mr. Richard F. Vidmer
Diane and James Virgintino
Mr. & Mrs. Lawrence Voigt
Ms. Susan M. Von Rosenberg
Mr. William C. Wallace
Ms. Mary A. Ward
Dr. Nancy E. Warner
Mr. & Mrs. Felix E. Wassermann
Ms. Christine Waters
Mr. Thomas Webster
Mr. & Mrs. Robert E. C. Wegner
Mr. & Mrs. Richard Weingarten
Ms. Katherine M. Weir
Miss Jenny Welp
Mr. Peter Nissen Weltner
Ms. Lisa Werchow
Ms. Lynn Westbrook
Mr. Roger A. Westphal
Sharon Wheeler
Mr. & Mrs. Donald G. White
Mr. & Mrs. Larry White
Ms. Janet Wilgus
Mr. Tracy Williams
Mr. J. Bryan Williams
Mr. Bud Williamson
Mr. & Mrs. Steven Wils
Mrs. Jean H. Wilson
Ms. K. Margaret Wilson
Ms. Tamar Diana Wilson
Mr. Jerome Wisdorf
Mrs. Beatrice Wolfe
Michael & Melissa Wood
World Day of Prayer - USA Committee
Sam and Renee Worthington
Ms. Ann C. Wright
Ms. Heuionalani Wyeth
Mr. & Mrs. Claude & Carolyn Yacoel
Mr. Shahin Yaqub
Mr. Kenneth A. Yarnell
Mr. Saiho Yeung
Ms. Fung Yu Young
Jang Hee Yun
Renee & Fredrick Zierold
Joel & Barbara Zimmermann
Matching Gifts
A&E Television Networks
AES Corporation
Aetna Foundation
Alliance Bernstein
Alliance Captial Management LP
AMD Matching Gift Program
American International Group, Inc.
Ameriprise Financial MG Acct
Analytics Operations Engineering
Aon Corporation
Applera Corporation
Automatic Data Processing
Bank of America Fdn Matching Gift Acct
Barclays Global Investors
Becton Dickinson MG Acct
Bemis Associates Inc.
Bemis Company Foundation
Black & Decker Corporation
Black Rock
Bon Ton Stores Foundation
BP Amoco Corporation
Bristol-Meyers Squibb Foundation
C.B. Fleet Co., Inc
Cadence Design Systems
Capital Group Companies
Charles Schwab Corp MG Program
Citibank/Citicorp/Citigroup Fdn MG Acct
Citizens Charitable Fdn Matching Gift Acct
Computer Associates Int’l Inc.
Cooper Industries
Corn Products International
Dell Direct Giving Campaign
Deutsche Bank Americas Fdn
Dey, L.P.
Dominion Foundation
eBay Foundation Matching Gift Acct
Factset Research Systems Inc.
FM Global Foundation
Ford Foundation (Matching Gift Account)
Freddie Mac Matching Gift Account
Gannett Foundation, Inc.
Geico
Gillette Company
GlaxoSmithKline
Goldman,Sachs & Co
Google Matching Gift Program Account
Green Mtn Coffee Roasters MG Acct
Home Depot
HSB Global Standards
HSBC Household
IDG Communications,Inc.
Illinois Tool Works
Insurance Services Office, Inc
InterContinental Hotels Group
ITT
Janus
John Hancock Financial Services Inc
Jones Lang Lasalle
JP Morgan Chase Foundation
Kaplan
Kimberly-Clark
Kraft Foods
Lehman Brothers
Lemme Insurance Group
Levi Strauss Foundation
Lyondell Chemical Company
MasterCard Internat’l MG Program
Mattel Children’s Fdn,MG Program
Maverick Capital Charities
McAfee Gift Program
McGraw Hill Companies Matching Gift Acct
Merck Partnership For Giving
Meredith Corporation
Microsoft Matching Gift Acct
Mineral Technologies, Inc.
Mobil
Monsanto
National Semiconductor Corporation
Natixis Capital Markets
New York Life Insurance
New York Stock Exchange Foundation
NGM Charitable Foundation
Nike
Nokia, Inc.
Omgeo, LLC
Oracle Corporation
PepsiCo Matching Gift Account
Pfizer Matching Gift Account
Philip Morris aka Altria
PJM Interconnection,LLC
Portland General Electric
Prudential Foundation
Qualcomm Incorporated
RBC Dain Rauscher
Rejuvenation
Rexnord Foundation
Rockefeller Financial Services
Safeco Corporation
Sherwin Williams Fdn Matching Gift Acct
Silicon Laboratories
Sony Pictures Entertainment
Source Media
St Paul Travelers Foundation
Starbucks Coffee Company
Sun Life Financial
Sun Microsystems
Tauck World of Giving
Tektronix Foundation
Tenet Healthcare Foundation
Tennenbaum Capital Partners
The Children’s Place
The Heidrick & Struggles Foundation
The Moody’s Foundation
Thompson Tax and Accounting
Tootsie Roll Industries, Inc.
Tyco Electronics
UBS
Unilever United States Foundation
Universal Music Group Matching Conribution Progr
US Bancorp
Verizon Foundation, Matching Gifts Acct
Visa International
Wachovia Foundation
Washington Mutual Foundation
Washington Post
Wellington Management Company
WellPoint Associate Giving
ZymoGenetics
BFS Members
Mrs. Michele L. Abruzzo Cohen
Ms. Gail Accuardi
Ms. Aileen T. Allen
Mr. Louis C. Anderson Jr.
Ms. Ann P. Anderson
Ms. Marsha A. Andrews
Mr. & Mrs. Gerard A. Antekeier
Ms. Marcella Baczewski
Ms. Caryl Baron
Mrs. Wyoma Bean
Mrs. Joan Bechtel
Mr. R. A. Becker
Miss Dorothy Bell
Dr. & Mrs. Belden H. Bell
Ms. Rebecca L. Bennett
Miss Evelyn Benz
Mr. Thomas G. Black
Miss Sara Blackwell
Mr. Arthur A. Boccaccio
Mr. Mike N. Braun
Mary Louise Bright
Mrs. Linda L. Bruder
Miss Rose Burling
Mrs. Amy Burnett-Butler
Ms. May Elizabeth Campbell
Mrs. Katherine S. Carsky
Mr. & Mrs. Sydney G. Caslake
Mr. Edward Chalom
Bao-Li Chang
Mrs. Evonna M. Cheetham
Miss Virginia G Polly Clark
Ms. Catherine E. Clark
Miss Sarah Clark
Mr. John R. Clites
Mr. & Mrs. Glenn Colacurci
Mrs. Ann K. Collier
Mrs Beatrice B Collins
Mrs. Edward H. Cook
Mrs. Marilyn Coronado
Ms. Sybil K. Cotler
William H & Caren Cowie
Mrs. Louis Crisci
Ms. Marjorie S. Crissman
Ms. Ariel C. Curl
Mrs. Junemarie Darwish
Mr. Richard S. Davies
Mrs. Ramona E. Davis
Ms. Caryl M. Dawson
Mr. Thomas K. De Vol
Mrs. Sandy DeMaio
Ms. Kathleen A. Deming
Ms. Lynn Desautels
Ms. Joanne R. Devlin
Mr. Pat Di Buono
Mr. Alfred J. Dinon
Mrs. David D. Duncan
Ms. Linda M. Eastman
Mr. & Mrs. Philip J. Ehmann
Mr. William E. Englewood CO 80
Mrs. Cornelia Ernst
Ms. Francoise H. Everett
Ms. Lorraine Farrell
Mr. Ira H. Fein
Susan Feldman and Jeffrey Argentos
Ms. Eileen R. Fischer
Ms. Roberta A. FitzGerald
Mr. Floyd Curtis Fladseth
Mrs. Patricia Flood
Ms. Elaine J. Fluck
Miss Sue M. Foley
BrGen & Mrs. George A. Franzen Jr.
Mrs. Debra D. Garoutte
Miss Cecilia Gentner
Ms. Cathryn Gilbert
Mrs. J. Going
Ms. Ellen M. Gozion
Mrs. Madeleine Graham
Ms. Rosalie C. Guard
Mrs. Arlene J. Hansen
Mrs. Lynn Hathaway-Howe
Ms. Georgeann Hayes
Ms. Nancy Hayward
Mrs. Patricia Heidelberger
Miss Judith Hendershot
Mr. & Mrs. Michael C. Hernacki
Ms. Tonia Bernard Herrin
Mr. Joseph W. Hill
Ms. Louise A. Hinders
Ms. Audrey M. Holm-Hansen
Mr. Dan Holtzclaw
Dr. Dorothy C. Holzworth
Ms. Edna S. Hood
Mr. Alfred Hoose
Ms. Jan Hovda
Mr. Herb M. Husid
Ms. Martha Irvine
Miss Edith F. Jeffreys
Ms. Marion Jordan
Ms. Lois Joseph
Ms. Margot Kaelbling
Miss Deanna L. Kastler
Marion Kee
Mr. William E. Kershaw
Ms. Twila Kimbrough
Ambassador & Mrs. Henry L. Kimelman
Mrs. Janet King
Mrs. Anne Upson Kittrell
Mr. Fredrik Klaveness
Miss Irene Kleinsinger
Mr. David Kurdeka
Mr. Lester H. Landon
Ms. Robin Lang
Ms. Joan C. Lange
Mr. Keith Langsdale
Mr. Mike Lanio
Mr. & Mrs. Eric E. Lansing
Mrs. Helen Lazer
Miss Marion Leech
Kirby Lewis
Ms. Nancy L. Lin
Mrs. Doris M. Little
Ms. Christianne Loda
Mrs. Lois D. Lykes
Mrs. Renee N. Lynes
Melladee & Michael Makelacy
Dr. & Mrs. Andrew J. Manganaro
Ms. Betty Mann
Mr. & Mrs. Joseph R. Marshall
Miss Mary L. Mc Chesney
Donald McBride and David G Link
Ms. Jean K. McBride
Mr. Arthur W. McCain Jr
Jack and Debbie McKeown
Ms. Carol F. Menger
Mr. George R. Menshik
Miss Jeanne P. Merritt
Mrs. Rolf A. Merton
Mrs. Lucille Messman
Ms. Jean A. Meyer
Mr. Joseph A. Michaud
Mrs. Judith Miller
Mr. & Mrs. Robert W. Mingus
Mr. William L. Mitchell
Mr. Henry Morrison
Mr. Peter W. Moxon
Miss Dorothy Munger
-7-
Mr. Stephen Murphy
Mr. Murray L. Nathan
Mr. & Mrs. John Nave
Mr. & Mrs. Jerrold L. Niemann
Mr. Charles G. Northrup
Ms. Barbara A. Novak
Mrs. Shirley Ober
Mrs. Molly S. O’Rourke
Ms. P. Cecilia Storr & Mr. Mark Chaitkin
Mr. and Mrs. Kenneth R. Partington
Miss Rosalie Pataro, LPC
Mr. Edgar Peara
Mr. Perry Pedersen
Ms. Marilee Pellegrini
Gerald Perman MD
Mrs. Gilbert Petersen
J Charles & Juanita Peterson
Miss Luann Phillipich
Miss Mary L. Phillips
Dr. Glenn D. Prestwich
Ms. Carol E. Ramsell
Ms. Mary G Randel
Dick R & Nancy Rapp
Mrs. Nancy E. Reid
Miss Gail F. Reissen
Miss Maryalice Roush
Ms. Jane E. Ruth
Ms. Laurel A. Saville
Miss Mary Ann Schmidt
Mr. Fred A. Schmitz
Mr. Brian Schumacher
Dr. Linda Seligman
Mrs. Hunter Sharp Jr.
Mr. & Mrs. Lawrence J. Shepard
Ms. Cynthia W. Shockley
To the family of Evelyn Small
Col & Mrs. Richard A. Soch Ret.
Ms. Mary Solomon
Ms. Elissa Sommer
Dr. William G. Spady
Ms. Donna L. Springer
Ms. Susan Stauffacher
Miss Marion H. Steiner
Mrs. Arlene Stern
Mr. Gary W. Sterner
Mr. Martin Stob
Eleanor H. Stoddard
Mr. Leo T. Sullivan
Ms. Anne V. Sutton
Ms. Elsa M. Swyers
Miss Gloria M. Tadman
Ms. Christina K. Talley
Mr. & Mrs. Jack Tatham
Mrs. Zack Theodorelos
Mrs. Julie Thompson
Mr. Lester Thurow
Mr. & Mrs. R. L. Tinkler
Mr. Charles W. Tomlinson III
Mr. Michael L. Treanor
Margaret A. Tremain
Ms. Katherine N. Tucker
Carole M. Van Handel M.D.
Ms. Simone J. Vincens
Dr. Morrill T. Vittum
Mr. Eric Vortriede
Ms. Leslie A. Wallake
Ms. Sandy C. Walsh
Ms. Barbara L. Wampner
Miss Ruth Wawirka
Mr. Fred Weeks
Miss Nancy W. Weingarten
Mrs. Clairanne W. Wengraf
Mr. William West
Heidi S. Winkler
Mr. & Mrs. Larry L. Witherow
Robert E. Woerner
Ms. Keiko Yokota-Carter
Mr. William Douglas Zimmerman
We are deeply grateful to the members,
donors and supporters who make our
work possible. We are proud to
acknowledge the generous support
of the individuals and organizations
who made donations in 2008.
If your name is listed incorrectly or has
been omitted, please notify Plan USA’s
Major and Planned Giving Team at [email protected] and accept our
sincere apologies. We regret that limited
space precludes recognizing each and
every one of our important donors.
We have made every attempt to insure
the accuracy of this list, and apologize for
any errors or omissions.
Plan International USA, Inc. d/b/a Plan USA
Financial Statements June 30, 2008 and 2007
Report of Independent Auditors
To the Board of Directors of
Plan International USA, Inc. d/b/a Plan USA
In our opinion, the accompanying statements of financial position and the related statements of activities and changes in net assets, functional expenses, and cash
flows present fairly, in all material respects, the financial position of Plan International USA, Inc. d/b/a Plan USA (“Plan USA”) at June 30, 2008 and 2007, and the
changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. These
financial statements are the responsibility of Plan USA’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit 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.
November 3, 2008
Plan International USA, Inc. d/b/a Plan USA
Statements of Financial Position June 30, 2008 and 2007
Assets
Cash and cash equivalents
Grants receivable (Note 2)
Pledges receivable (Note 2)
Prepaid expenses and other assets
Bequests receivable
Investments (Notes 3 and 4)
Contributions receivable from charitable
remainder trusts (Note 4)
Beneficial interest in perpetual trusts (Note 4)
Land, building and equipment, net (Note 5)
Total assets
2008
2007
997,334
3,532,948
612,863
489,250
12,059,789
$ 1,876,494
4,202,919
177,000
670,672
2,315,389
12,337,568
1,776,908
479,692
1,844,557
1,896,622
530,824
2,011,685
$ 21,793,341
$ 26,019,173
$
$
$
Liabilities and Net Assets
Liabilities:
Accounts payable and other liabilities
Due to Plan International, Inc. (Note 11)
Deferred revenue
Obligation under split-interest agreements (Note 4)
430,284
988,868
200,548
Total liabilities
455,689
4,527,347
499,754
200,047
1,619,700
5,682,837
3,796,742
8,502,282
7,874,617
4,468,639
8,264,448
7,603,249
20,173,641
20,336,336
$ 21,793,341
$ 26,019,173
Commitments and contingencies (Note 6)
Net Assets:
Unrestricted (Note 8)
Temporarily restricted (Note 9)
Permanently restricted (Note 10)
Total net assets
Total liabilities and net assets
The accompanying notes are an integral part of these financial statements.
-8-
Plan International USA, Inc. d/b/a Plan USA
Statements of Cash Flows June 30, 2008 and 2007
2007
2008
Cash flows from operating activities:
Decrease in net assets
(162,695)
$
$
(628,621)
Adjustments to reconcile (decrease) increase in net assets
to net cash (used in) provided by operating activities:
442,607
(100,597)
(322,500)
12,024
341,548
524,777
421,514
(247,238)
(962,470)
(73,333)
669,971
177,000
57,809
1,826,139
119,714
51,132
(2,699,990)
177,000
(307,538)
(1,074,449)
(150,070)
(46,295)
(25,405)
(3,538,479)
(499,754)
501
114,002
3,685,249
499,754
9,804
(426,208)
(1,282,681)
(13,979,156)
13,479,183
(275,479)
(7,857,446)
10,205,519
(136,480)
(775,452)
2,211,593
Cash flows from financing activities:
Receipt of permanently restricted funds
322,500
247,238
Net cash provided by financing activities
322,500
247,238
Net increase in cash and cash equivalents
(879,160)
1,176,150
1,876,494
700,344
997,334
$ 1,876,494
$30,000
$339,250
Depreciation
Receipt of contributed securities
Receipt of permanently restricted funds
Net loss (gain) on sales of investments
Net impairment loss on investments
Decrease (increase) in unrealized appreciation on investments
Decrease (increase) in:
Grants receivable
Pledges receivable
Prepaid expenses and other assets
Bequests receivable
Contributions receivable from charitable remainder trusts
Beneficial interest in perpetual trusts
Increase (decrease) in:
Accounts payable and other liabilities
Due to Plan International, Inc.
Deferred Revenue
Obligation under split-interest agreements
Net cash used in operating activities
Cash flows from investing activities:
Purchases of investments
Proceeds from sales of investments
Purchases of fixed assets
Net cash provided by (used in) investing activities
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
$
Supplemental Cash Flow Information:
Permanently restricted funds to be collected
The accompanying notes are an integral part of these financial statements.
-9-
Plan International USA, Inc. d/b/a Plan USA
Statement of Functional Expenses
For the year ended June 30, 2008
with summarized financial information
for the year ended June 30, 2007
PROGRAM EXPENSES
Natural Expense Classifications
Program support to
Plan International, Inc. (Note 11)
Program and
Technical
Support
$32,565,154
Building
Relationships
$
-
Development
Education
& Advocacy
$
Total
Program
Expenses
-
$32,565,154
1,104,911
221,208
264,919
1,591,038
-
-
-
-
Postage
702
386,484
18,092
405,278
Supplies and Printing
709
104,680
18,751
124,140
-
282,487
-
282,487
Professional & Consulting Fees
105,479
1,524
127,207
234,210
Repairs/Maintenance/Service
24,668
5,089
2,668
32,425
Occupancy
251,694
17,751
5,209
274,654
Travel
207,281
933
37,656
245,870
-
-
126,685
126,685
14,638
28,579
44,525
87,742
-
34,888
17,184
52,072
Total Expenses
$34,275,236
$1,083,623
$662,896
$36,021,755
Total 2007
$40,662,507
$1,009,919
$814,408
$42,486,834
Salary and Salary Related
Marketing and Media
Cost of gift items sold (Note 13)
Youth Outreach & Events
Other
Depreciation of Equipment & Building
- 10 -
OPERATING EXPENSES
Services to
Sponsors
& Donors
$
Fundraising
-
$
-
Management
and General
$
TOTAL EXPENSES
Total
Operating
Expenses
-
$
2008
2007
-
$32,565,154
$39,069,600
1,077,213
971,552
2,287,188
4,335,953
5,926,991
5,273,809
-
3,834,970
-
3,834,970
3,834,970
3,898,858
156,151
215,800
27,747
399,698
804,976
742,413
68,160
40,959
81,103
190,222
314,362
260,032
-
-
-
-
282,487
324,434
5,600
409,044
320,766
735,410
969,620
766,522
29,899
18,004
105,945
153,848
186,273
164,787
59,291
45,821
148,589
253,701
528,355
352,157
15,653
118,148
268,195
401,996
647,866
600,292
-
-
-
-
126,685
176,015
286,469
49,269
315,814
651,552
739,294
615,403
149,705
78,107
162,723
390,535
442,607
421,514
$1,848,141
$5,781,674
$3,718,070
$11,347,885
$47,369,640
$52,665,836
$1,844,652
$5,444,918
$2,889,432
$10,179,002
The accompanying notes are an integral part of these financial statements.
- 11 -
Plan International USA, Inc. d/b/a Plan USA
Statements of Activities and Changes in Net Assets
For the years ended June 30, 2008 and 2007
2008
Unrestricted
Public support and revenue:
Sponsorship contributions
Private and Federal grants
Contributions for community projects
Children’s Fund
Contributions from estates, trusts and annuities
Contributions to permanently restricted endowments
Gift program revenue (Note 13)
Investment income (Note 3)
Net assets released from restrictions (Note 9)
Total public support and revenue
$ 22,905,798
14,113,816
2,368,479
706,117
648,749
607,470
458,432
5,448,498
47,257,359
Expenses:
Program expenses:
Program and technical support (Note 11)
Building relationships (Notes 12 & 13)
Development education & advocacy programs (Note 12)
Total program expenses
34,275,236
1,083,623
662,896
36,021,755
$
Temporarily
Restricted
Permanently
Restricted
2,331,550
1,549,050
1,922,791
(5,448,498)
354,893
$
-
Total
322,500
322,500
$ 25,237,348
15,662,866
4,291,270
706,117
648,749
322,500
607,470
458,432
47,934,752
-
34,275,236
1,083,623
662,896
36,021,755
-
Operating expenses:
Services to sponsors & donors
Fundraising
Management and general
Total operating expenses
Total expenses
1,848,141
5,781,674
3,718,070
11,347,885
47,369,640
Nonoperating results:
Change in unrealized appreciation
Change in value of perpetual trusts
Change in value of split-interest agreements
Total nonoperating results
Total change in net assets
Net assets at beginning of year
Net assets at end of year
$
-
(51,132)
1,848,141
5,781,674
3,718,070
11,347,885
47,369,640
(524,777)
(34,839)
(559,616)
(117,059)
(117,059)
(51,132)
(524,777)
(51,132)
(151,898)
(727,807)
(671,897)
4,468,639
3,796,742
237,834
8,264,448
$ 8,502,282
271,368
7,603,249
$ 7,874,617
(162,695)
20,336,336
$ 20,173,641
- 12 -
2007
Unrestricted
Temporarily
Restricted
$ 20,989,162
17,851,298
1,958,531
783,081
2,543,538
715,566
1,626,181
6,000,417
52,467,774
$ 2,260,071
1,272,392
1,205,224
(6,000,417)
(1,262,730)
40,662,507
1,009,919
814,408
42,486,834
Permanently
Restricted
$
Total
586,488
586,488
$ 23,249,233
19,123,690
3,163,755
783,081
2,543,538
586,488
715,566
1,626,181
51,791,532
-
-
40,662,507
1,009,919
814,408
42,486,834
1,844,652
5,444,918
2,889,432
10,179,002
52,665,836
-
-
1,844,652
5,444,918
2,889,432
10,179,002
52,665,836
73,333
(31,788)
41,545
157,843
157,843
46,295
46,295
73,333
46,295
126,055
245,683
(156,517)
4,625,156
$ 4,468,639
(1,104,887)
9,369,335
$ 8,264,448
632,783
6,970,466
7,603,249
(628,621)
20,964,957
$ 20,336,336
$
The accompanying notes are an integral part of these financial statements.
- 13 -
PLAN INTERNATIONAL USA, INC. d/b/a Plan USA
Notes to Financial Statements
developing or obtaining internal use software should be capitalized. Additionally, costs incurred to develop and
maintain the organization’s web site are accounted for in accordance with Emerging Issues Task Force Summary No. 00-2, “Accounting for Web Site Development Costs.”
NOTE 1 - DESCRIPTION OF ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES:
Organization and purpose:
Plan USA is an independent, non-profit organization incorporated in the State of New York. It was founded in
1937 as Foster Parents’ Plan for Spanish Children, Inc. for the purpose of seeking sponsors and other contributors to provide material aid and services to sponsored children, their families, and communities; assist sponsors
in developing meaningful relationships with their sponsored children and families; and conduct educational
programs in the United States about the needs of the poor in developing countries. Plan USA is the United
States member organization of Plan International, Inc. (“PII”). Other member organizations of PII are located
in Australia, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Japan, the Republic of Korea, the
Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom. Plan USA and the other member
organizations participate with PII in the planning, design and decisions about the implementation of overseas
programs that are currently administered in forty-nine countries. Plan USA remits to PII the excess of its
revenues received over current year operating expenses adjusted for the impact of various donor and Board
designations (Note 11).
Use of estimates:
The preparation of the accompanying financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to make estimates and assumptions that affect
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses reported for the period. Actual
results could differ from those estimates.
In February 2007, the FASB issued Statement of Financial Accounting Standards No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities - including an amendment of FASB Statement No. 115” (“SFAS
159”). SFAS 159 provides entities with an option to report selected financial assets and liabilities at fair value
and establishes presentation and disclosure requirements designed to facilitate comparisons between entities
that choose different fair value measurement attributes for similar types of assets and liabilities. SFAS 159 is
effective for fiscal years beginning after November 15, 2007.
Basis of presentation:
The accompanying financial statements have been prepared on the accrual basis of accounting. All program
and operating expenses are recognized as incurred.
Revenue recognition:
Contributions received by Plan USA are recorded as unrestricted, temporarily restricted or permanently
restricted public support, depending on the existence and/or nature of any donor-imposed restrictions. All
donor-restricted support is recorded as an increase in either temporarily restricted or permanently restricted
net assets based on the nature of the restriction.
Unrestricted net assets are those which are free of donor-imposed restrictions, but may be designated for
specific purposes by action of the Board of Directors.
Temporarily restricted net assets arise from contributions and other inflows of assets whose use is limited by
purpose-specific program restrictions and/or time restrictions imposed by the donor. When a temporary restriction expires through the accomplishment of the specific purpose and/or the expiration of the time restrictions, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statements
of activities as net assets released from restrictions. Temporarily restricted contributions whose restrictions are
met in the same reporting period are reported as unrestricted revenues.
Permanently restricted net assets result from contributions in which the donor requires that the principal of the
contribution be maintained in perpetuity. Such net assets primarily include permanent endowment funds and
perpetual trusts.
Grant revenue recognition:
Plan USA receives grants from the United States Government and various other grantors for direct and
indirect program costs associated with specific programs and projects. The grants received from the United
States Government are subject to certain restrictions which are met by incurring qualifying expenses for the
particular program or project that is funded by the grant. Revenue from such grants is recognized when the
funds have been expended on activities stipulated in the grant agreement. For unconditional grants, revenue is
recognized as temporarily restricted contribution revenue at the time the grant is received or pledged, and the
funds are released from restriction when the qualifying expenses have been incurred.
Pledges:
Unconditional promises to give are recorded as temporarily restricted or permanently restricted public support
at the time the donor’s commitment is received. Unconditional promises to give that are expected to be
fulfilled within one year are recorded at their estimated fair value, less an appropriate reserve, if required.
Multiyear unconditional promises to give are recognized at the estimated present value of the future cash
flows, net of any necessary reserve. Conditional promises to give are not included as public support until such
time as the conditions are substantially met.
Cash and cash equivalents:
For purposes of the statements of financial position and the statements of cash flows, cash and cash equivalents
are defined as cash on deposit, cash in overnight repurchase agreements, interest-bearing money market accounts, and commercial paper or certificates of deposit with original maturities of 90 days or less. The carrying
amount approximates fair value due to the short-term nature of these instruments.
Contributed securities:
For the purpose of measuring the value of donations and the cost basis of contributed securities, the securities
are stated at fair market value on the date the gift was received.
Investments:
Plan USA reports all investments in mutual funds with readily determinable fair values and all investments
in debt securities at fair value in the statements of financial position. Additionally, realized gains/losses and
changes in unrealized appreciation/depreciation and investment income are recorded in the statements of activities as changes in unrestricted net assets, unless their use is restricted by explicit donor-imposed stipulations
or law, in which case they are reported in the appropriate restricted class of net assets. Investments as of June
30, 2008 and 2007, respectively, are stated at fair market value based on quoted prices in the active market,
when available (Notes 3 and 4).
Federal income taxes:
A favorable determination letter has been obtained from the Internal Revenue Service exempting the organization from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for taxes on the change in net assets has been recorded.
Land, building and equipment:
Land, building and equipment are stated at cost less accumulated depreciation (Note 5).
Depreciation is provided under the straight-line method over the estimated useful lives of the assets as follows:
Building and building improvements
Computer software
Equipment
5-50 years
3-10 years
3-7 years
When capital assets are disposed of, the asset and the associated accumulated depreciation are eliminated from
the accounts and any resulting gain or loss is reflected in the statements of activities.
Software costs are accounted for in accordance with Statement of Position 98-1, “Accounting for the Costs
of Computer Software Developed or Obtained for Internal Use,” which requires that certain costs related to
New Accounting Standards:
In September 2006, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“SFAS 157”). SFAS 157 defines fair value, sets out a
framework for measuring fair value and requires additional disclosures about fair value measurements. SFAS
157 applies to fair value measurements already required or permitted by existing standards. SFAS 157 is effective for fiscal years beginning after November 15, 2007.
In August 2008, the FASB issued Financial Staff Position No. FAS 117-1, “Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management
of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds” (“FSP FAS 117-1”). FSP FAS
117-1 provides guidance on the net asset classification of donor-restricted endowment funds for a not-for-profit
organization that is subject to an enacted version of the Uniform Prudent Management of Institutional Funds
Act of 2006 (“UPMIFA”). This FSP also requires improved disclosures about an organization’s endowment
funds (both donor-restricted endowment funds and board-designated endowment funds), whether or not the
organization is subject to UPMIFA. FSP FAS 117-1 is effective for fiscal years ending after December 15, 2008.
Plan USA’s management does not believe these standards will have a material impact on the financial statements.
NOTE 2 - GRANTS RECEIVABLE AND PLEDGES RECEIVABLE:
During the fiscal years ended June 30, 2008 and 2007, respectively, Plan USA incurred $8,569,541 and
$14,691,572 of reimbursable Federal grant expenses relating to awards from the United States Agency for
International Development (“USAID”), the United States Department of Labor or as a subrecipient from other
organizations that received Federal funds. For the same periods, Plan USA recorded additional grant revenue
of $7,093,325 and $4,432,118, respectively, from other funders. Unreimbursed, but eligible expenses of
$3,532,948 and $4,202,919 at June 30, 2008 and 2007, respectively, are recorded as grants receivable in the
accompanying statements of financial position.
Federal grants awarded and obligated by the grantor, but not yet spent by Plan USA totaled approximately
$6,082,000 and $6,414,000 at June 30, 2008 and 2007, respectively.
Unconditional promises to give that are supported by verifiable documentation are included as pledges receivable in the accompanying statements of financial position. The unconditional promises totaling $177,000 as of
June 30, 2007 have been fully realized resulting in a zero balance as of June 30, 2008.
NOTE 3 - INVESTMENTS:
Investments are composed of the following as of:
June 30, 2008
Cost
Mutual Funds
Government sponsored securities
Certificates of deposit
Corporate bonds
Stocks/other
Totals
$10,369,829
795,764
177,010
81,063
421,298
$11,844,964
Market
Value
$10,583,635
795,764
178,029
81,063
421,298
$12,059,789
June 30, 2007
Market
Value
Cost
$8,749,182
1,861,014
681,034
187,831
118,905
$11,597,966
$9,538,328
1,824,467
674,320
181,053
119,400
$12,337,568
Investment income, included in total public support and revenue on the accompanying statements of activities,
is composed of the following for the years ended:
June 30,
2008
2007
Interest and dividends
Net (loss) gain on sales of investments
Net impairment loss on investments
Allocation of interest income from Plan International, Inc.
Total investment income
$564,515
(12,024)
(341,548)
247,489
$458,432
$592,623
962,470
71,088
$1,626,181
NOTE 4 - SPLIT-INTEREST AGREEMENTS:
Plan USA is a party to various types of split-interest agreements. Charitable gift annuities (“CGAs”) are
arrangements whereby a donor contributes assets in exchange for a promise from the organization to pay
the donor a fixed amount for a specified period of time. Assets received are recognized at fair value, and
an annuity payment liability is recognized at the present value of the future cash flows expected to be paid.
Unrestricted contribution revenue is recognized as the difference between these two amounts. To calculate the
present value of the CGAs, the 1994 Group Annuity Mortality Tables and a 6.00% discount rate were used.
The value of CGAs of $591,267 and $640,688 at June 30, 2008 and 2007, respectively, are included in investments on the accompanying statements of financial position. The related liabilities of $173,762 and $170,736
at June 30, 2008 and 2007, respectively, are included in obligation under split-interest agreements on the
accompanying statements of financial position.
Pooled income funds (“PIFs”) are arrangements whereby several donors’ life income gifts are invested and
pooled together, and each donor is assigned a relative number of units in the fund. Contribution revenue has
been recorded at the fair value of the assets to be received, discounted at 6.00% over the estimated life expectancy of the donor. The difference between the fair value of the assets received and the revenue recognized is
recorded as deferred revenue, representing the amount of discount for future interest. Until the donor’s death,
the donor is paid the actual income earned on the donor’s units of the fund. Upon the donor’s death, the
- 14 -
value of the assigned units reverts to Plan USA. The value of PIFs of $95,776 and $99,733 at June 30, 2008
and 2007, respectively, are included in investments on the accompanying statements of financial position. The
related liabilities of $26,786 and $29,311 at June 30, 2008 and 2007, respectively, are included in obligation
under split-interest agreements on the accompanying statements of financial position.
A beneficial interest in a perpetual trust is an arrangement in which a donor establishes and funds a perpetual
trust for the benefit of one or more non-profit beneficiaries. The assets are administered and managed by
an independent third party. Under the terms of these arrangements, Plan USA has the irrevocable right to
receive the investment income earned on the trust assets in perpetuity. The value of these perpetual trusts
of $479,692 and $530,824 at June 30, 2008 and 2007, respectively, are included in beneficial interest in
perpetual trusts on the accompanying statements of financial position.
Additionally, there are arrangements known as charitable remainder trusts that have several different varieties
and terms. With regard to the charitable remainder trusts under which Plan USA is a beneficiary, the assets
are administered and managed by an independent third party. The value of charitable remainder trusts of
$1,776,908 and $1,896,622 at June 30, 2008 and 2007, respectively, are included in contributions receivable
from charitable remainder trusts on the accompanying statements of financial position.
NOTE 5 - LAND, BUILDING AND EQUIPMENT:
Land, building and equipment is composed of the following:
June 30,
2008
Land
Building and building improvements
Computer software
Equipment
Less: accumulated depreciation
2007
$184,588
2,545,135
2,375,638
418,534
5,523,895
(3,679,338)
$1,844,557
$184,588
2,504,627
2,359,339
273,333
5,321,887
(3,310,202)
$2,011,685
$403,979
418,492
434,774
440,272
459,546
2,167,724
$4,324,787
NOTE 7 – LINE OF CREDIT:
On October 5, 2000, Plan USA entered into an agreement with a bank for an uncollateralized revolving line of
credit that provides for maximum borrowings of $2,000,000 to be used for working capital and other general
corporate purposes. Under the terms of the agreement, interest on the outstanding balance is payable at the
bank’s designated prime rate of interest and the principal balance is payable on demand. As of June 30, 2008
and 2007, Plan USA had yet to draw any funds from the line of credit.
NOTE 8 - UNRESTRICTED NET ASSETS:
Unrestricted net assets are composed of the following:
Undesignated represented by land, building and
equipment net of accumulated depreciation
Charitable gift annuities and Board designated
endowment funds
Unrealized appreciation on investments
June 30,
2008
2007
$1,844,557
$2,011,685
1,737,360
214,825
$3,796,742
1,717,352
739,602
$4,468,639
NOTE 9 - TEMPORARILY RESTRICTED NET ASSETS:
Temporarily restricted net assets are composed of the following:
June 30,
2008
Time restricted for sponsorship
Purpose restricted for grants & community projects
Contributions receivable from charitable remainder
trusts and pledges
Pooled income fund agreements
Net assets released from restrictions on the accompanying statements
of activities are composed of the following for the years ended:
Designated project funds disbursed on specified
project or purpose
Release of sponsorship funds previously paid
in advance
Collection of terminated pooled income funds
NOTE 11 - RELATED PARTY TRANSACTIONS:
For each fiscal year, Plan USA transmits to Plan International, Inc. (“PII”) the net of total revenue recorded for
the year plus amounts of revenue received in prior years that were temporarily restricted by the donors, but
have become unrestricted in the current year minus the sum of (a) total operating expenses for the year, (b)
amounts of revenue for the year that have been permanently restricted by donors, (c) amounts of revenue for
the year that have been temporarily restricted by donors and remain restricted at year-end and (d) amounts
otherwise designated by the Board of Directors. These net amounts for the years ended June 30, 2008 and
2007 were $32,565,154 and $39,069,600, respectively, and are included in program and technical support
expense on the accompanying statements of activities. These amounts, when combined with the amounts sent
to PII by the other National Organizations, are the resources that are used by PII to fund the programmatic and
other operating costs of its field operations and international headquarters. Due to certain timing differences,
the amount of cash actually transmitted through the end of each fiscal year is not equal to the net amount
discussed above, but prior to the year-end Plan USA provides PII with an unconditional promise to adjust the
remittances to reflect the net amount discussed above. The accompanying statements of financial position
include a payable of $988,868 and $4,527,347 at June 30, 2008 and 2007, respectively, in relation to this
unconditional promise.
In certain instances, grant providers require that their funds must be paid directly to the PII field office(s)
where the related program(s) will be implemented rather than being paid through a National Organization.
In those cases where a National Organization works directly with the relevant field office(s) and the grantor to
(a) help with technical program design in the grant application process, (b) provide technical specialists to train
field staff and assist with the implementation of the program, (c) provide specialized technical expertise and
(d) assist with the management and reporting over the life of the grant, the revenue and program expenses
associated with the grant are allocated by PII to that National Organization. For the years ended June 30,
2008 and 2007, Plan USA recorded grant revenue of $4,650,154 and $4,003,097, respectively, and program
and technical support expense of $3,147,775 and $2,746,816, respectively in the accompanying statements of
activities relating to these types of grants.
Depreciation expense of $442,607 and $421,514 for the years ended June 30, 2008 and 2007, respectively, is
included in the accompanying statements of activities.
NOTE 6 – OBLIGATIONS UNDER OPERATING LEASES:
Plan USA has entered into various operating lease agreements for certain office space and office equipment.
Rent expense under such agreements was $335,206 and $181,618 for the years ended June 30, 2008 and
2007, respectively. At June 30, 2008, the future minimum rental commitments under such operating lease
agreements are as follows:
Year Ending
June 30,
2009
2010
2011
2012
2013
Thereafter
Total Minimum Payments
NOTE 10 - PERMANENTLY RESTRICTED NET ASSETS:
Permanently restricted net assets of $7,874,617 and $7,603,249 at June 30, 2008 and 2007, respectively, are
composed of the investment of contributed principal that has been restricted by the donor in perpetuity and
the beneficial interest that Plan USA has in certain third-party perpetual trusts. Unless there are specific donor
stipulations or Board of Directors designations, the related investment income is used to support program and
operating expenses.
2007
$2,331,550
4,343,186
$2,260,071
3,930,738
1,776,908
50,638
$8,502,282
2,025,656
47,983
$8,264,448
Further, PII allocates back to the National Organizations the interest it earns on the funds transmitted to it
by the National Organizations. This allocation is based on the timing and size of the remittances from each
National Organization during the fiscal year in which the interest is earned. The accompanying statements of
activities include allocated interest income of $247,489 and $71,088 for the years ended June 30, 2008 and
2007, respectively.
NOTE 12 - BUILDING RELATIONSHIPS AND DEVELOPMENT EDUCATION/ADVOCACY:
Two integral components of the Plan USA mission are Building Relationships and Development Education &
Advocacy. In connection with the child sponsorship program, Plan USA provides a link between individuals
in the United States and the children and families in Plan’s program countries which facilitates two-way communications between sponsors and their sponsored children. Through correspondence and the exchange of
small non-monetary gifts, meaningful relationships can be developed and the understanding between different
cultures can be enhanced. Additionally, sponsors are able to build enhanced relationships and understanding through the periodic receipt of newsletters; updated family profiles for their sponsored families; and field
program reports relating to some of the programs which have been implemented in specific communities to
help improve lives. Building relationships expense of $1,083,623 and $1,009,919 for the years ended June 30,
2008 and 2007, respectively, is included in the accompanying statements of activities.
Within the United States, development education and advocacy programs strive to enhance the public’s
understanding of the causes and conditions of poverty in developing countries and the role that PII can have
in the development process. Additionally, Plan USA facilitates engagement through group meetings, development of school curriculum and through advocacy which reinforces the communications around poverty and
community development in the developing world. Further, our domestic youth programs include educational
outreach, organized retreats and other special events and activities for youth participation which are designed
to help young people in the United States develop a better understanding of the challenges faced by youth
in the developing world. Development education expense of $517,674 and $552,039 and advocacy programs
expense of $145,222 and $262,369 for the years ended June 30, 2008 and 2007, respectively, are included in
the accompanying statements of activities.
NOTE 13 – SPONSORED CHILD GIFT PROGRAM:
The sponsored child gift program allows sponsors to purchase specific gift items from Plan USA to send to
their sponsored child from a list of items that have been approved by PII field staff as appropriate for distribution to the children. Gift program inventory maintained by Plan USA is valued on the first-in first-out inventory
valuation costing method. As of June 30, 2008 and 2007, respectively, there was $53,192 and $63,236 of
inventory on hand which is included in the prepaid expenses and other assets line on the accompanying statements of financial position.
The total revenue of $607,470 and $715,566 for the years ended June 30, 2008 and 2007, respectively, from
the sale of gift items is included as gift program revenue in the accompanying statements of activities. The
total cost of goods sold and other gift program costs of $480,840 and $545,919 for the years ended June
30, 2008 and 2007, respectively, for the gift program are included in building relationships expense on the
accompanying statements of activities. The corresponding excess revenue of $126,630 and $169,647 from the
gift program is unrestricted revenue which is used to support program and operating expenses.
NOTE 14 - RETIREMENT PLAN:
Plan USA offers a non-contributory, defined contribution retirement plan (the “plan”) for the benefit of all
qualified employees. In order to be qualified, an employee must have completed one year of service, must
have worked at least 1,000 hours per year and be at least 21 years of age. Plan USA makes contributions at
designated percentages of earnings in accordance with the plan provisions. Employer contributions totaled
$253,129 and $250,900 for the years ended June 30, 2008 and 2007, respectively.
June 30,
2008
2007
$3,188,427
$3,795,280
2,260,071
$5,448,498
2,187,378
17,759
$6,000,417
- 15 -
Plan USA
155 Plan Way, Warwick, RI 02886
(800) 556-7918
planusa.org