2020 Annual Report

REVENUE

For fiscal year 2019-2020, revenue comprised:

1. $36,877 in contributions from sponsorships and ticket sales for Noche Magica (planned for March 2020 but postponed to the following fiscal year because of COVID-19). The total includes $1,000 from The Ocean Foundation (shown as an internal grant)

2. $5,813 in additional internal grants

3.  $6,070 contributions for the CSA Baskets for Loreto Families in Need (a special program to stem the impact of COVID on the local population both helping farmers and hungry families with home delivery)

4. Other general donations to Keep Loreto Magical and certain fee for services at $5,445 together.  

When the pandemic hit in March, the COVID-19 Relief Fund was born when Keep Loreto Magical became the fundraising arm to direct funds to the work of Tanni Graichen. Altogether, Tanni—with some added contributions from Keep Loreto Magical’s Noche Magica funds—raised $9,495 in contributions during the fiscal year for the critical local COVID response. 

We add to that the carry-over funds of $27,874 from the previous fiscal year for a total revenue of $91,574.

EXPENDITURES

Expenditures in FY 2019-20 comprised:

1. The 10% fiscal sponsor fee, which comes to $5,930 when combined with the cost of wire transfers related to project work. We had special angels who paid the fiscal sponsor fee for the special projects for COVID-19 and CSA Basket for Families in Need.

2. Various wire transfer and banking fees necessary for transferring funds from the US to Mexico ($2,734)

3. Field equipment and supplies (COVID 19 was $6,739, CSA Baskets $2,716, and remaining environmental projects, including dunes restoration, $1,572)

4. General program support: $11,000 (which represents monies covering Cecilia Fischer’s work)

5. Program support for COVID: $1,813 (cleaning of the hospital principally)

6. Program support for CSA Baskets for Families in Need (the Farmers): $3,935

7. $3,866 labeled Program Support - Other, involving dunes restoration, Nopolo Park, and related environmental programs.    

The funds raised for the two special projects were also spent before the end of June and the fiscal year. 

The total expenditures for the fiscal year were $53,015.