Gandhi Worldwide Education Institute Financial History

  



Gandhi Worldwide Education Institute ("GWEI")
418 Lake Shore Blvd.
Wauconda, IL 60084-1522
EIN # 77-0720423 
Founded May 6, 2008
an Illinois 501c3 
www.gandhiforchildren.org

The Gandhi Worldwide Education Institute’s primary purpose is to promote community building in economically depressed areas of the world through the joining of Gandhian philosophy and vocational education for children and their parents.

Fiscal Year Start: July 01

Fiscal Year End: June 30

IRS Determination Letter

Illinois Secretary of State File Number 66072282

Illinois Department of Revenue Account ID 4087-3056

Dun & Bradstreet Number 805812810

Registered Agent: Ed Momkus as of 7/17/2014

InKind Law Firm:  Momkus, McCluskey, LLC as of 7/17/2014

 GWEI Policies

 Conflict of Interest Policy

 Finance Accounting Policies

 2013 – 2014 Organizational Chart

 ***Note: Barometer displays funds raised since inception.  The barometer is updated bi-annually.  Last update registered on December 31, 2014.

GWEI Financial Summary as of June 30, 2014

Assets:     $173,567.13

Income:      $21,175.55

COGS:         $51,424.43

Expenses: $7,369.67

Liabilities:                $0

Summary Financial Footnotes:

Cost of Goods Sold (“COGS”) Grants Made to AVANI = $51,400.00

Expenses include InKind total + Google Grant = $4,101.44 of the $7,369.67

 

GWEI Grants Issued Fiscal Year July 1, 2013 – June 30, 2014

       AVANI April 2013 – March 2014  Budget Report 

AVANI Request for transfer of grant funds for the 2014-2015 Children’s Home Operations

AVANI Updates

Half Acre Site Preliminary

Final Phase 1 Costs on Five Acre Site

AVANI Annual Report 2014

AVANI Dome Construction Update June 2014

AVANI Student Graduate Update June 2014

AVANI Students Return Update June 2014

AVANI One Acre Site Update July 2014

AVANI Children and Dome Update July 2014

 

GWEI Financial Summary as of June 30, 2013

Assets:     $211,185.68

Income:      $73,415.98

Expenses: $26,121.77

Liabilities:                $0

Summary Financial Footnotes:

Operational expense 15.5% of total income

     (excluding Google AdWords Grant w/35.6%)

Book sales income 17.8% of total income

     (excluding Google AdWords Grant w/13.5%)

 

GWEI Grants Issued Fiscal Year July 1, 2012 – June 30, 2013

Verala Development Society (“VDS”)

        VDS Grant RH01 – Residential Home

AVANI

        AVANI FCRA

      AVANI Construction Grant 3/7/2013

      AVANI Construction Grant PPO1-13

        AVANI Grants RH02-RH04

      AVANI Annual Audited Financials (USD) 2012-2013

GWEI Financial Statements

GWEI Statement of Activities 2008-2009

GWEI Statement of Financial Position as of June 30 2009

 

GWEI Statement of Activities 2009-2010

GWEI Statement of Financial Position as of June 30 2010

 

GWEI Statement of Activities 2010-2011

GWEI Statement of Financial Position as of June 30 2011

Summary Financial Footnotes:

InKind Donation Income Total: $38,030.47

In Kind Donation Expenses:

     Legal and Accounting Fees $28,772.17

     Marketing $9,437.37

 

GWEI Statement of Activities 2011-2012

GWEI Statement of Financial Position as of June 30 2012

Summary Financial Footnotes:

InKind Donation Income Total: $87,489.50

In Kind Donation Expenses:

     Legal and Accounting Fees $80,609.50

     Marketing $7,330.00

 

GWEI Statement of Activities 2012-2013

GWEI Statement of Financial Position as of June 30 2013

GWEI Expense Charts YE June 30 2013

Summary Financial Footnotes:

 InKind Donation Income Total: $ 2,400

 Google AdWord Grant Usage $17,770.20

In Kind Donation and Google Grant Expenses:

          Marketing  $2,400

         Google AdWord Grant $17,770.20

         Total InKind and Grant Advertising and Marketing $20,177.20

 

GWEI Statement of Activities 2013-2014

GWEI Statement of Financial Position as of June 30 2014

GWEI Expense Charts YE June 30 2014

Summary Financial Footnotes:

Cost of Goods Sold (“COGS”) Grants Made to AVANI $51,400.00

In Kind Donation and Google Grant Marketing Expenses:  $4,101.44

   

 

GWEI Tax Filings

GWEI 990EZ 2008 – 2009   (initial board of directors)

GWEI 990EZ 2009 – 2010  (board expands and adds new members)

GWEI 990EZ 2010 – 2011 (no changes in board membership)

GWEI 990EZ 2011 – 2012 (no changes in board membership)

GWEI 990EZ 2012 – 2013 (new board member added April 2013)  

 GWEI 990EZ 2013 – 2014 (financials with CPA, tax return being prepared) August 2014

Programs

Sponsor the Children Fund

Gandhi Center for Learning – Kolhapur

 

 Annual Reports

GWEI Annual Report 2012 – 2013

AVANI Annual Report 2014

 

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