2014 Annual Report
Because of donor support in 2014, early childhood education was delivered to more than 300 children in 23 communities in Guatemala. Their generosity has sustained Let's Be Ready for 6 years now, and positioned us to expand in the most rural villages through the new program Magic Classroom.
Income and expense items of note.
We were short $ 3,093 due to increasing stipends by 5% each year and paying travel for teachers, while not asking for an increase in the in the basic donation amount of $1500 per teacher. Instead we have opted to ask for material donations.
I am still covering the administrative expenses @ $5,000
Some sponsors are giving partial scholarships to their teachers to go to college on the weekends.
Looking ahead to 2015, I solicited extra funds for materials and through some generous donations, it appears that there will be sufficient funds to balance the budget next year at about $50,000 with the number of teachers remaining about the same.
The Nutrition Program is fully funded for 2015, as it has been for the last 2 years, by grants from a Swiss Herrod Foundation and Feed the Dream. They get a separate accounting.
Establishment of our own Non Profit
This year we were granted nonprofit status for Let's Be Ready. Through a change in the tax law, new simplified application and reporting rules was created for small 501c3’s with donations of $50,000 or less. We are extremely grateful to Beth and Marlon Dearden of World Link Partners for supporting us during our developing years.
Innovations for 2015
We have 7 major initiatives for 2015 which will carry over into 2016 as well.
These first three:
and these four more:
It is apparent that we have some ambitious goals for 2015. We want to continue to improve Let's Be Ready in curriculum development and teacher training. We are going to expand the Magic Classroom into the more rural areas, develop more recorded programming, activities, and translations. With your continued support, we remain committed to improving early childhood education in Guatemala. We thank all donors for being part of vision and the reality,
Fred Zambroski, Founder
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