Financial Summary

Combined Unaudited Draft Financial Statements for The ONE Campaign and Affiliates
For the year ending December 31, 2017* (with comparative totals for 2016)
Statement of financial position As of 12/31/17* As of 12/31/16
Assets
Cash and cash equivalents 1,201,738 1,140,330
Investments 7,610,510 6,855,319
Grants receivable, net of discount 39,282,955 15,554,615
Accounts receivable 147,420 360,649
Furniture, equip., lease improvements, net 2,504,446 3,341,769
Intangible assets, net 429,333 444,666
Deposits and prepaid expenses 981,310 1,257,877
Other assets 224,227 168,503
TOTAL ASSETS $55,381,939 $29,123,728
Liabilities and Net Assets
LIABILITIES
Accounts payable and accrued liabilities 1,706,741 1,932,552
Line of credit - 750,000
Deferred revenue 189,287 139,123
Deferred rent and lease incentives 3,111,308 2,846,128
Total Liabilities $5,007,336 $5,667,803
NET Assets
Unrestricted** 9,285,048 9,608,290
Temporarily Restricted 36,057,061 11,815,141
Permanently Restricted 2,032,494 2,032,494
Total Net Assets $47,374,603 $23,455,925
Total Liabilities And Net Assets $52,381,939 $29,123,728
Statement of ACTIVITIES Year Ending 12/31/17* Year Ending 12/31/16
Change in unrestricted net assets
REVENUE
Contributions and grants 9,864,908 9,679,197
Earned Income 2,200,021 2,196,411
Other Income (loss) 150,500 (112,321)
Net Assets released from restrictions 26,177,823 25,351,749
TOTAL REVENUE $38,393,252 $37,115,036
EXPENSES
Program services 30,728,906 29,883,987
Management and general 6,677,574 6,493,968
Fundraising 1,310,014 1,273,994
TOTAL EXPENSES $38,716,494 $37,651,949
Change in Unrestricted net assets** $(323,242) $(536,913)
Change in temporarily restricted net assets
REVENUE
Contributions and grants 50,403,846 7,527,869
Net Investment Income 15,897 20,728
Net Assets released from restrictions (26,177,823) (25,351,749)
Change in temporarily restricted net assets $24,241,920 $(17,803,152)
Change in net assets $23,918,678 $(18,340,065)
Net Assets, Beginning of year $23,455,925 $41,795,990
Net Assets, END OF YEAR $47,374,603 $23,455,925
  • * Unaudited drafts

  • ** including Board-designated net assets

ONE is a combined effort of several organizations; the ONE Campaign, ONE Action, ONE Campaign Africa, (Canada), and ONE Against Poverty UK. The ONE Campaign is a nonprofit charitable and educational organization under Section 501(c)(3) of the U.S. Internal Revenue Code. ONE Action is a related 501(c)(4) advocacy organization. ONE Campaign Africa is a South African not-for-profit corporation. ONE Global (Canada) is a Canadian non-profit organization. ONE Against Poverty UK is a United Kingdom charitable organization. (RED) is a division of the ONE Campaign.