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Below is a summary of Robin Hood's most recent revenue and expense data from our audited financial statements. A copy of
Robin Hood's audited financial statements and/or our most recently filed IRS Form 990 is available upon request. To view Robin Hood's
IRS Form 990, follow this link: www.guidestar.org.
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Robin Hood's board of directors pays for all administrative and fundraising costs.
100% of your donations pay for grants and initiatives to fight poverty.
STATEMENT OF REVENUE AND EXPENSES
For the year ended December 31, 2008
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Non-board
contributions*
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Board
contributions |
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Total |
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| REVENUES |
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| Contributions |
$103,159,344 |
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$46,499,122 |
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$149,658,466 |
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| (Losses) on board-donated
investments |
- |
|
(30,420,598) |
|
(30,420,598) |
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|
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|
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| Total Revenues |
103,159,344 |
|
16,078,524 |
|
119,237,868 |
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|
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Grants paid with
non-board contributions
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Costs covered by
board members*** |
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Total |
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| EXPENSES |
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| Program: |
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| Grants |
74,763,950 |
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35,596,560 |
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110,360,510 |
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| Program initiatives** |
5,623,416 |
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721,201 |
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6,344,617 |
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Salaries, benefits and overhead including
program and management consulting services
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- |
|
6,768,876 |
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6,768,876 |
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Evaluations and consulting services
for grantees
|
- |
|
575,475 |
|
575,475 |
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| Subtotal - Program |
80,387,366 |
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43,662,112 |
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124,049,478 |
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| Fundraising and Public Information: |
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|
|
|
|
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| Events production |
- |
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10,690,270 |
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10,690,270 |
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| Salaries and overhead |
- |
|
6,408,437 |
|
6,408,437 |
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| Subtotal - Fundraising and Public
Information |
- |
|
17,098,707 |
|
17,098,707 |
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| |
|
|
|
|
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| Administration salaries and overhead: |
- |
|
3,169,667 |
|
3,169,667 |
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| Total expenses |
80,387,366 |
|
63,930,486 |
|
144,317,852 |
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| Change in net
assets |
$22,771,978 |
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$(47,851,962) |
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(25,079,984) |
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| |
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| |
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| Total net assets, beginning of the
year |
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|
|
|
260,825,494 |
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| |
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| Total net assets, end of the
year |
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|
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235,745,510 |
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| |
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| Total net assets |
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235,745,510 |
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| Less: temporarily
restricted |
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(37,676,196) |
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| Less: board
designated: |
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| Charter high school
projects |
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(69,000,000) |
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| 2008 grant awards |
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(90,000,000) |
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| Residual unrestricted net
assets**** |
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$39,069,314 |
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*100% of non-board contributions pay for grants and initiatives within one year. 2008 contributions will be used to pay for grants
and initiatives in 2009.
**Initiatives include L!brary Initiative, Teacher U and high schools for KIPP, Achievement First and Uncommon Schools. These
projects are funded with restricted gifts which are paid out over several years.
***100% of all overhead costs are covered by board donations.
****Residual unrestricted net assets result from board contributions in excess of overhead and grant commitments and are available
for operating and program requirements.
* Robin Hood's board and a donor are making a two-year matching grant that will double the impact of donations up to $100 million. The match is contingent on your donation.
©2002-2010 Robin Hood Foundation
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