Site Sponsors
We provide assistance to qualifying persons with diabetes throughout the United States.
| Profit and Loss Statement - 2007 |
We urgently need cash donations. IPump has outgrown its office space in our founder's garage and has become more than a full-time job for our one volunteer. Please help us to continue assisting others by giving generously. We need office space as well as need to hire a full-time executive director. Our volunteer executive director has put in more than 5,000 hours of volunteer time but cannot continue to do this indefinitely. Also, many grants and foundations require that we have at least one-full time employee performing key functions in order to qualify for funding.
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In 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 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 sending us spare diabetes supplies we were able to help 206 people in 2007!
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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
Once again IPump's board members donated most of our operating cash including $6,200 in December to help fund programs for the beginning of 2008. In 2006-2007 Board members personally contributed more than $18,000 to sustain our operations in addition to volunteering full-time.
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Please, help us. Our Board members to date have contributed 99.9% of all cash needed to run our organization but we need outside support for 2008 or we will not be around in 2009. (Your financial gifts and in-kind donations of diabetes supplies are tax deductible.) If you cannot afford to make a direct financial donation please visit |
Our "profit" consists donated in-kind goods such as fabric for our quilting program, unplaced insulin pumps, and diabetes supplies that we on-hand to give away.
Profit and Loss Statement - 2007
|
1st Qtr |
2nd Qtr |
3rd Qtr |
4th Qtr |
Year |
Without GAAP Services |
|
| Income | ||||||
|
Cash Donations |
74 |
35 50,182 |
145 55,253 |
7,089 98,039 |
7,343 238,928 |
7,343 155,518 |
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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 |
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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.
