A Call to Serve International

“We paid $26,172 to hold the diabetes camp in Georgia in 2024. The Georgian government requested that we vacate the warehouses in Georgia that we used in the past to store various supplies that were sent to Georgia before they could be distributed (medical equipment, food, books, etc.). We paid $7,586 to have the warehouses cleaned out and all of the waste disposed of properly. Total grant expenses: $33,758.”

“Description;Amount^Wire transfer fees;400|Gift for our retiring President;172^Total;572^”

“Our investment account had a beginning balance of $43,946.02 on 1/1/24. It had a value of $49,456.28 on 12/31/24. The value of our assets increased by $5,510.26 this year. We sold 1/2 our shares in VFIAX and earned $2,458.88 as well as another $2,110.98 in dividends/interest in this account which we included as part of our income for the year but those funds remained in this investment account and were reinvested in other assets. In particular we reinvested the $181.47 in dividends that we received from our shares in VFIAX to purchase more shares of VFIAX. We paid $264.55 in management fees to the company that manages our investment account. This was included in our total expenses for the year. The net effect on our assets was $9,905.”

“We spent $7,586 to vacate the warehouses we were using in Georgia. This used most of the remaining grant funds of $8,700. The remaining $1,114 was considered no longer a liability by our board since we received a letter from USAID stating that our grant was closed.”