Friendship Force: Complete 2020 Financial Overview

by | Apr 23, 2020

In the video and documents linked in this communication, FFI Board Treasurer, James Permana, answers some critical questions about the future of Friendship Force. In conclusion, FFI is not closing and we now have plans that ensure we will survive this. Friendship Force International will be here when the world finds its new normal and will need us most.

From the onset of this crisis, FFI has been committed to sharing as much information as possible with members. Securing FFI’s future has meant making difficult decisions based on variables and outlooks that seem to change daily. In this time of uncertainty, one thing is certain though, whether it is in moving our mission forward or financially supporting FFI, together we can make an impact, and we are! Thank you for all your support.

– Bobbie Mulholland, FFI Board Chair &  James Permana, FFI Board Treasurer

Überprüfung des Haushaltsplans und Mittelbeschaffung 2020

FINANCIAL IMPACT REPORT
English
Français
Deutsch
日本語
Bahasa Indonesia
Português

FINANCIAL SUSTAINABILITY PLAN
English
Deutsch
Français
Português
Español

AVAILABLE DOCUMENTS ALREADY MADE PUBLIC ON OUR WEBSITE
2019 Audited Financials
Other Governance Information

UPDATES TO INFORMATION PRESENTED

  1. In April 2020, Friendship Force International received some financial support from the US Government through the CARES Act Paycheck Protection Program. With less than 5% of all small businesses and nonprofits that received this stimulus, we are grateful for the small relief. The program gives small businesses and nonprofits access to a loan that converts to a grant provided the organization proves that the funds were used to keep people employed for an eight-week period ending June 30.  In essence, this program has gifted FFI with the equivalent of two months operating expenses, extending the life of FFI.
  2. In April and May 2020, government relief programs in Australia and France were made available to FFI staff in those regions further relieving staffing costs.  These programs, like the CARES Act PPP in the United States, are short-term relief programs.
  3. In May 2020 an ad-hoc committee of staff and members came together to begin researching potential grants and support from foundations for FFI’s long-term goals. If you have a background in fundraising, writing or know of a potential funder in your region, please contact Jeremi Snook at [email protected]

IF YOU HAVE QUESTIONS OR WOULD LIKE TO SCHEDULE A CALL WITH JEREMI OR THE BOARD FOR YOUR CLUB, PLEASE EMAIL [email protected].

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