Annual
Audit of Foundation
by KPMG
The annual audit of The Stuttering Foundation financial reports for 2003 was recently completed by the accounting firm of KPMG. Following is a recap of funds and expenditures for the year.
The 4.0% of expenditures for administration and general expenses and the 6/10 of 1% for fund raising are very low, and since we are fortunate to have an endowment which more than covers our overhead expenses, donors can be assured that their gifts will go directly to support our program services.
|
Funds Expended For: |
US $ |
% |
% |
|
Creation, production, printing and distribution of educational materials |
556,589 | 49.8 | |
|
Public information and education |
236,261 | 21.1 | |
|
Educational Symposia for Professionals and research |
176,695 | 15.8 | |
|
Maintain Web site and toll-free Stuttering Information Hotline |
99,902 | 8.7 | |
|
Total for Program Services |
1,066,446 |
|
95.4 |
|
Other expenditures: |
|
|
|
|
Administration and general |
45,000 |
|
4.0 |
|
Fund raising expense |
6,934 |
|
0.6 |
|
Total Expenditures |
1,118,386 |
|
100.0 |
The Stuttering Foundation of America is a private operating foundation which expends its funds on its own programs and does not make grants to other institutions.