ANNUAL REPORT JANUARY 1, 2014 - DECEMBER 31, 2014

OUR MISSION

Educating Children. Strengthening Community.

THE SOMERO PROJECT is a 501(c)(3) Nonprofit Organization dedicated to

breaking the cycle of poverty in Kotolo, Uganda by stimulating the economy and

providing a safe and healthy learning environment to the children.

The Somero Project | 1282 Paradise Rd., Ferndale, WA 98248

(360) 384-0515 | TheSomeroProject@live.com | www.TheSomeroProject.org

Dear friends,

Thank you so much for another tremendous year of support. Your donations have made it

possible for us to provide education to the children of Kotolo, Uganda. We at The Somero

Project along with the students at Evergreen Primary are forever grateful!

I’m proud to say that 2014 was filled with achievements, the biggest of which included

expanding our facilities and making room for more students. We raised a total of $23,624

through donations and our Sponsorship Program of which 97% went directly towards providing

education to our students and maintaining schools facilities. Because of you, we were able to

provide education to 305 students, employ 10 teachers, and completed many projects at the

Evergreen Primary School.

Again, thank you from the bottom of our hearts for your support! Without you, our success this

year would not have been possible.

Becky Conover,

Co-Founder and President

A LETTER FROM THE PRESIDENT

OUR IMPACT IN 2014

1) An additional building was constructed to create 4 new classrooms.

2) We hired a 10th teacher to accommodating the growing number of students.

3) Benches and desks were brought in for new students.

4) The school buildings were plastered to help preserve the facilities and prevent erosion.

5) Flooring, doors, and windows were added to the new building.

6) Board members helped paint the facilities and provided new educational materials.

7) A school garden was set in place as another food source for the students.

8) A doctor from Kampala visited the school and treated the students for a number of issues

which our common in their village including malaria, repertory infection, and worms.

9) For the preservation of the school facilities a guard was brought into to village to monitor

nightly activity, ensuring that no vandalism occurs.

10) The Evergreen Primary School was represented at the annual school seminar in Kampala.

11) We had our first graduating class which included 11 students who now have the opportuni-

ty to move onto secondary school.

Supported 305 Students Employed

10 Teachers

2014 RESULTS

59 Students Sponsored

Maintained the Evergreen

Primary School

FINANCIAL REPORT

The Somero Project is committed to providing education to the underprivileged children

of Kotolo, Uganda. Toward this end, we hold ourselves to the highest financial accounta-

bility. Below is our full financial report for 2014.

DEBIT CREDIT

Monthly Income:

Sponsorships $ 21,516.81

Lump Sum Donations $ 2,107.23

Total Revenue $ 23,624.04

Monthly Operating Expenses:

HSBC Fee $ 162.00

Miscellaneous Wire Fee $ 30.00

Equity Bank Uganda Fee $ 72.00

MoneyGram Fee $ 53.19

PayPal Fee $ 257.07

Director Salary $ 1,192.13

Guard Salary $ 156.82

Teacher Salaries $ 6,798.43

Land Rent $ 225.00

Teacher Rent $ 352.00

Total Operating Expenses $ 9,298.64

Miscellaneous Expenses:

Remaining Balance on Land $ 500.12

School Supplies $ 581.03

Postage/Scanning/Printing Supplies $ 184.00

Construction Projects $ 9,200.00

Director Reimbursements $ 66.00

School Exams $ 450.00

Annual School Taxes (2014) $ 25.00

Burial Arrangements (Susan) $ 580.00

HP Printer/Scanner for Alex $ 180.00

Volunteer Trip $ 2,340.00

Doctor Visit $ 1,780.00

Wells Fargo International ATM Fee $ 25.00

Generator $ 400.00

Pineapple Trees $ 100.00

School License Payment $ 100.00

P.7 Farewell Party $ 100.00

Annual Teachers Conference X 2 Teachers $ 140.00

USA Expenses $ 84.76

Unaccounted Funds Lost in Conversion $ 17.98

Total Miscellaneous Expenses $ 16,853.89

TOTAL EXPENSES $ 26,152.53

INCOME AFTER EXPENSES $ (2,528.49)

www.TheSomeroProject.org

Check out our website which is packed full of information on our organization and the

children that your support and donations are directly impacting in Kotolo, Uganda. Visit

us at www.TheSomeroProject.org today for...

Information about our organization

Answers to common questions

Photo galleries of the school,

students, and ongoing projects

Event calendar

Blog with stories about the children

Teacher and board member bios

And much more!

STAY CONNECTED WITH US

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