EXECUTIVE SUMMARY CALENDAR YEAR 2015 Stewardship of Resources Practicing fiscal responsibility and accountability are critical aspects of CURE’s financial stewardship model. Along with completing annual audits by an independent CPA firm, CURE is a member in good standing with the ECFA. CURE’S FUNCTIONAL EXPENSES FY15 Audited* FY16 Budgeted FY 2015 Program Expense $53,049,394 $68,587,481 EXPENSES Administration $719,625 $947,775 Fundraising $3,898,346 $4,071,028 Total Expenses $57,667,365 $73,606,284 *CURE’s 2015 Fiscal Year: July 2014 - June 2015 92.0% PROGRAM EXPENSE 1.2% ADMINISTRATION 6.8% FUNDRAISING CURE hospital and specialty General and administrative program expenses expenses CURE’S REVENUES FY15 Audited Contributions* $22,212,912 Other Income† $35,163,549 FY 2015 Gift in Kind $1,255,395 REVENUES Total Revenues $58,631,856 * Includes funds for operations, short-term missions, capital, and unfulfilled pledges †Includes patient revenues, government grants, and interest Based on CURE’s ongoing review and refinement of its FY15 FUNDS RAISED BY operating cost structure, it was determined that: DEVELOPMENT ACTIVITIES 66% Helps save a child’s life or 66% Individual Donors and Foundations $2,000 transform a child’s body 30% Businesses and Organizations % Assists in restoring 4% Churches 30 $1,000 a child’s smile <1% Government Grants % Straightens a % 4 $400 child’s first steps <1 CURE recognizes that our work would not be possible without the faithful support of our partners in ministry and would like to invite you to become part of the CURE family. Contributions can be made to: CURE International, 701 Bosler Avenue, Lemoyne, PA 17043. Visit cure.org for more information. AFGHANISTAN EGYPT UAE BANGLADESH DOMINICAN REPUBLIC MALI INDIA HAITI GUINEA PHILIPPINES HONDURAS ETHIOPIA BURKINA FASO UGANDA KENYA GHANA DRC TANZANIA TOGO RWANDA ANGOLA BENIN BURUNDI CURE Hospital CURE Clubfoot NIGER ZAMBIA MALAWI CURE Hydrocephalus Other ZIMBABWE NIGERIA MOZAMBIQUE As of December 31, 2015 CURE KIDS MEET FAIZA Before Faiza was born, no one in her village had ever seen someone with cleft lip. As she grew, people routinely stopped by to see if she was still alive. They all expected her to die. She was not welcome anywhere in the village because of her condition. When her family would visit others, she was told to stay outside. She was not allowed to go to school. She didn’t have any friends and spent most of her time alone. Faiza’s grandmother, Salame, heard on the radio that CURE was having a mobile clinic a few hours away from their home, so she brought Faiza to see if something could be done to help her. Soon after, Faiza had surgery at CURE Niger. Salame told us, “When you are a disabled person, nobody wants you around. When we came here, everyone accepted Faiza and took care of her. Now, everyone in the village wants to see Faiza. She is the favorite.” before MEET EVANIE Evanie was born with bilateral clubfoot, but it never affected her positive attitude. She’s a secretary in her local government, the worship leader at her church, and president of the local chapter of Persons With Disabilities. It’s quite a list of accomplishments for someone who just turned 18 years old. While she would passionately assert that people with before disabilities can do anything anyone else can do, Evanie knew that finding healing for clubfoot would greatly improve her life. She was leading worship at a youth camp when a pastor shared about the Tebow CURE Hospital. Now, nearly fully recovered, she exclaims, “I can’t believe my feet are straight!” Evanie continues to help others, especially those with disabilities. Her cousin, Jeral, lived for years with a broken leg that never fully healed. After her operation, Evanie encouraged Jeral to come to Tebow CURE Hospital, where he after finally found healing. The above stories are examples of lives that have been changed due to the care received at CURE. Each year, we hear thousands of stories like those of Faiza, Evanie, and Jeral. To follow the stories of children CURE is currently healing throughout the world, visit cure.org/curekids..