We said Yes! to Brooke in 2007 n 2007 95.02% of all funds spent were given directly to others in need.  Our combined program administration costs and business operating expenses were only 4.98% of our expenses. We helped children like Brooke, age 7. She has type 1 diabetes and needed testing supplies and insulin. But her parents were down by government assistance programs and by other charities. Please read Brooke's story to see why no one else would help this child with nine siblings - but why iPump did! Read Brooke's Story | Read Other Client's Stories | How To Tell The Media About Our Work

 

Profit and Lost Statement - 2007

We are proud to be able to say that thanks to the efficiency and volunteer efforts of our Board and CEO,iPump ranks as one of the highest nonprofits in terms of how much goes to clients and how little goes to running the organization!  Thanks to so many wonderful donors who sent spare diabetes supplies we were able to help 206 people in 2007! (By October 2008, we had helped more than 5,000 people -- talk about growth!

 

Breakdown of Actual Expenses	Amount Spent	Percent of Expenses
Assistance Given Directly to Clients	$82,630	95.02%
Program & Business Costs	4,331	4.98%
Total Actual Expenses	$86,961	100.00%

 

Notes about our Profit and Loss Statement

In 2006-2007 Board members personally contributed more than $18,000 to sustain our operations in addition to volunteering full-time.  (We do not expect donors to contribute unless we do the same.) Our profit includes donated in-kind goods in inventory at year-end and cash.

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Profit and Loss Statement - 2007

	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	Without GAAP Services
Income
Cash Donations In-Kind Donations	74 35,454	35 50,182	145 55,253	7,089 98,039	7,343 238,928	7,343 155,518
Total Income Expenses	35,528	50,217	55,398	105,128	246,271	162,861
Bad Donations*	632	6,646	2,110	4,030	13,418	13,418
Assistance Given Out	4,870	27,311	4,916	45,533	82,630	82,630
Donated GIK Services	20,825	20,840	20,810	20,935	83,410	0
Business & Program	484	665	623	2,558	4,331	4,331
Total Expenses	26,811	55,463	28,459	73,056	183,789	100,379
Profit or Loss	29,543	15,594	47,748	53,007	62,482	62,482

* "Bad" donations are items that were sent to us but had already expired and therefore could not be used (we have actually had well-intended donors send us test strips that expired as long ago as 6 years!).  Other "bad" donations include items we are prohibited from giving away (by federal and state law) such as anything contaminated by blood (i.e., used lancing or site insertion devices, pens, etc.) or items that have been damaged or may not be sterile.

How We Are Able to Help So Many People on Such a Tight Budget 

• We receive generous donations of in-kind diabaetes supplies every day.
  

• Volunteers have donated more than 10,000 hours of their time to keep our administrative costs low.

Thank you to all who not only care enough to take time to send us supplies, but for all the wonderful donors who ship these supplies at their own expense.  And, to our volunteers who give their time freely to help others in need.

Why We Still Need Cash Donations

We give away all usable donated supplies free of charge to people in need.  Our shipping costs for these supplies is enormous.  We must pay for insurance, office space, utilities, and salaries.

If you can help us financially, please consider doing so.  Your cash donations will enable us to keep getting your in-kind donations into the hands of those who need them most!