CLA Annual Report 2015

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5
COLLECTION FOR THE CHURCH IN LATIN AMERICA
Statement of Revenue, Expenses, and Other Changes in Net Assets for the
Year Ending in December 31, 2015
Revenue
National Collection Contributions: $7,041,282
Income on Investments: $435,154
Total Revenue: $7,476,436
Expenses
• Grants and Donations* $6,871,553 89%
• Program Costs $564,058 7%
• Promotions and
Fundraising Expenses $204,156 3%
• Administrative Expenses $83,892 1%
Total Expenses: $7,723,659 100%
Total Expenses Including Internal Grants**: $8,169,515
Changes in Net Assets from Operations: $(693,079)
Non-Operating Activities
Unrealized (Loss) Gain on Investments: $(475,281)
Changes in Net Assets: $(1,168,360)
Net Assets at the Beginning of the Year: $11,823,817
Net Assets at the End of the Year: $10,655,457
* Grants approved in 2015 totaled $6,867,869. Grants and donations in 2015 totaled $6,871,553
and includes payments and write-offs to grants approved in 2015 and prior years.
** Internal grants include a distribution from the Collection for the Church in Latin America to
the USCCB’s International Justice and Peace program. This grant supports US advocacy and policy
advisory work for Latin American countries and issues.
See the complete USCCB nancial report at nancial-reporting.
2015 DISTRIBUTION OF APPROVED GRANTS
Total Number of Grants Approved: 426 | Total Amount Approved: $6,867,869
Geographic Region Grant Count Grant Amount Percentage
• Andean Countries 157 $2,506,242 36%
• Mexico and Central America 122 $1,497,790 22%
• Southern Cone 64 $1,209,301 18%
• Caribbean 73 $961,536 14%
• Multinational 8 $510,000 7%
• Council of Latin American
Bishops Conferences (CELAM) 2 $183,000 3%
Top Six Countries by Total Grant Amount:
Colombia—$1,052,222 Peru—$687,242 Haiti—$597,332
Cuba—$488,787 Mexico—$364,678 Brazil—$319,034