WeReachOut -
2013 Annual Report and Plans for 2014
Dear Friends,
Hope you are all doing great, we have so much going on at WeReachOut and it’s a time to keep you all informed with
our progress in 2013 and plans for this year.
Here is the summary of our sponsorships, progress, and financial
report from 2013.
1. No.of Sponsorships since 2006
1)
2006 - 17 Students
2)
2007 - 67 Students
3)
2008 - 51 Students
4)
2009 - 60 Students
5)
2010 - 53 Students
6)
2011 - 56 Students
7)
2012 - 73 Students
8)
2013 - 118 Students
2. 2013
– Highlights
We have a new board of directors
with so much energy and passion to take this reach out program to the next
level. Please visit http://www.wereachout.org/AboutUs.aspx to for detail.
We were able to make a little
difference in the lives of 118 students in 2013 with all your generous support,
39 students out of this 118 was identified by their sponsors through their
local contacts in India. This is a good new, we encourage our sponsors to use
this platform to reach out to the well deserving students they identify through
their local contacts back in India to make it more effective and see the impact
in the long-run. We also continue to find a manageable list of well deserving
students through our volunteers and make them available in our Students in Need
for sponsorships.
Our secretary Bala formed a small
group of sponsors in Indianapolis, Indiana and is spreading the message about
this reach out program in his area.
We hosted our first Thanksgiving
Dinner & Dance Fundraising event in 2013 in the Bay Area, it was a very
successful WeReachOut family event and we plan to
continue this program every year with all your support to prepare for the next
years sponsorship.
3. 2013
– Financial Report
Total Sponsorship Amount
Balance from 2012 : $8,040.11
Total Sponsorship
Contribution Received in 2013 : $6,535.24
Total fund raised from our
thanksgiving event : $5,870.00
Total
Corporate Gift Match : $1,500.00
-----------------
Total
Income in 2013 : $21,945.35
-----------------
1st round of sponsorship
amount transferred to sponsor 91 students :
$9,514.47
Conversion rate applied
to this transfer (Rs. 582,000.00) : Rs. 61.17/$1.00
2nd round of sponsorship
amount transferred to sponsor 27 students :
$4,425.13
Conversion rate applied
to this transfer (Rs. 272,800.00) : Rs. 61.65/$1.00
Total Sponsorship
Expenses in 2013 (1st + 2nd Transfers) : $13,939.60
Thanksgiving Buffet
Expenses : $2,120.00
Total Operational
Expenses in 2013 : $1,380.22
(Total
includes the $2,120 paid for buffet in our thanksgiving event) -----------------
Total
Expenses in 2013 :
$17,439.82
-----------------
Net Balance in
2013:
Total Income :
$21,945.35
Total Expense :
$17,439.82
-----------------
Remaining Balance from
2013 : $4,505.53
-----------------
Please visit http://www.wereachout.org/FinancialReport.aspx to see our financial report for 2013 and
previous years.
We assure 100% of your contribution going towards your student, all
the operational expenses including the expenses related to our first
thanksgiving event last year will be covered by the admin team this time. This
is mainly to encourage all our participants to experience impact of this reach
out program, we will find small businesses and
corporate sponsors to cover these expenses in the future.
Please check your balance under your account at www.wereachout.org à My
Home à My Donations section and let us know if
you have any questions or clarifications. You can also print your yearly
donation summary/receipt in this section by selecting 2013 for your tax filing
purpose.
4. Plan
for 2014
This is our 10th year in service, we’ve made a very
good progress over the years and we will continue to grow with all your support
and make it sustainable as we move forward.
Here is the summary of what we are planning
for this year.
1.
Increase the no. of volunteers to helps us create more
awareness about this reach out program.
2.
Continue to reach more well deserving students by
increasing the no.of sponsors through our services.
3.
Hosting a Volleyball Tournament on April 12th, 2014 from
9:00 am to 5:00 PM in Sunnyvale, CA.
4.
Organizing our 10th year anniversary program during
summer to find more sponsorship.
5.
Continuing our thanksgiving dinner fund raiser event in
November to prepare for next year.
We will be
checking with our 118 sponsored students to see how many on them are qualified
for 2014 sponsorships and make them available in our Students-In-Need page in
the next couple of months. You can also help us find well deserving students
through your network if you know someone who can benefit from this reach out
program.
5. Volunteers
for our Volleyball Tournament
We’ve started this New
Year by planning a special volleyball tournament on April 12th, 2014
from 9:00 am to 5:00 PM in Sunnyvale, CA and looking for more volunteers to
help us host this event. Please visit http://www.wereachout.org/TeamRegistration.aspx to register your team and feel free
to contact Robert Marshal at 650-455-8782 or email marshal_robert@yahoo.com for any questions or clarifications
about this tournament.
We are making a slow and
steady progress over these years and we feel so happy to share these updates
with you all from our progress in 2013. Please check some of our student’s
ambitions and their background at our website when you have sometime. Thank you so much for your generosity and the
continuous support to sustain this reach out program.
Please visit www.wereachout.org for more information or call us at (408) 368 7568
for any questions or clarifications.
Thank you,
On Behalf of WeReachOut Team
Richard Solomon
(408) 368 7568
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