Good Stewardship: Solid Funding Base
"Your gift will literally save lives and make a difference
. one that will be remembered for a lifetime."
Donor Response: Expanding Base of Loyal Support
Donor response to the announcement of TNN's 20th anniversary year was exceptionally strong. During 2006, 515 individual donors gave 775 cash contributions totaling a record $427,000. a record 61 first-time individual benefactors contributed over $50,000.
This level of giving represents a 74% increase in donations compared to 2005. Foundation grants in 2006 totaled a record breaking $150,000, representing an 80% increase from the amount received in 2005. A record 92% of all cash contributions were received from repeat donors. The average donation in 2006 was $550 which was double the previous year.
Funding Base: Solid and Growing
Steady growth and a balanced budget have characterized Nurturing Network's financial condition over the past 21 years. Since TNN's founding, more than 5,600 donors have contributed $5,791,000 in cash contributions. Over $1,000,000 has been contributed by charitable foundations since TNN's inception. Unrestricted cash contributions by Nurturing Network Board members have totaled over $1,710,000 with nearly 100% TNN Board participation taking place annually.
Endowment Fund: Steady Expansion
On January 1, 2005, TNN's Board of Directors recommended allocating $250,000 to a Board Restricted Endowment Account in order to enhance the organization's long term viability and demonstrate the importance of this special fund during the next decade. Total Endowment Fund assets at year end reached a record value of $345,000.
Good stewardship: Leveraging Each Donated Dollar
In 2006, 89% of all TNN expenses were allocated directly to Client programs and services. Regardless of the location of TNN's national headquarters, its size or the configuration of its professional Staff, the Nurturing Network has consistently allocated an average of 90% of all donated expenses to Client services. The average cost of service per Client has also been maintained at between $325-500.
Sound Fiscal Management: Preparing For the Future
Strong donations during 2007 enabled TNN to minimize the impact of a budgeted increase in funds allocated for wages. The strengthening of the organization's management team followed a strategic decision by TNN's President and Board of Directors to take this first step toward the gradual recruitment and training of TNN's next generation of leadership. TNN's cash position remains strong and will provide for accelerated expansion and additional outreach activities as the organization enters its third decade of operation.
Litigation Free History: Auditors Affirm TNN's Management Policies
The Nurturing Network has enjoyed a litigation free history since its founding and has consistently received an unqualified opinion from its independent auditors. TNN has no contingent liabilities or long-term debt.
