Kids & Future Foundation Annual Report 2010 Sustainable Hope Report
Kids Remember you
The
Hope, a beautiful blossom of miracle,
Kids & future
Contents 03
Introduction
04
Welcome
05
2010 Highlights
06
Projects Review
09
Fundraising Results
12
2010 Account Settlement Overview
13
Audit Report
17
Volunteers
18
Organization
Introduction Kids&Future, a private independent foundation, was established by funds of like-minded venture companies in March 2000. Going beyond providing financial or material support, K&F has conducted practical and differentiated projects that open doors for kids and youth to design their own future.
Mission
Kids&Future’s mission is to provide kids and youth with learning and playing opportunities and to help them prepare actively for their future.
Vision
Our vision is to build a brighter future for today’s kids and youth by encouraging their imagination and dreams. As a human service organization addressing poverty and health issues, we are seeking to contribute to the well-being of kids and youth all over the world.
Core Values
Dream, Creativity, Passion, Implementation, Trust
Organization Name
Social Welfare Foundation Kids & Future
Chairman Board
Song Ja
ID Number
120-82-05310
Location
5th Fl. Noonnopi Boramae Center 729-21 Bongcheon dong, Gwanak gu, Seoul, Republic of Korea
Establishment Approval
Approval No. 114671-0026260 by Ministry of Health and Welfare
Applicable Law for Approval
Social Welfare Business Act Article 16
Established Date
March 28, 2000
Donation Deduction
Designated donated amounts, which are donations according to Income Tax Act Article 34 Paragraph 1, are eligible for tax deduction for applicable groups -20% for individual and 5% for corporation
BSC Strategies Perspectives
Strategies
Customer Perspective
Strengthening network and partnership
Internal Processes Perspective
Developing sustainable management system
Learning and Growth Perspective
Positioning as a professional private independent foundation
Financial Perspective
Focusing on Transparency and Accountability
The Kids Remember you 3
Welcome
I would like to express deep appreciation to all of you who have shown warm heart to Kids and Future Foundation. With your constant love and support, kids and youth see the harsh winter go and welcome the warm spring season.
Since 2000, K&F has provided various services in the best of our ability for 11 years to kids and youth suffered in places where there' s no hope and assistance. Unexpected barriers failed to stop our continuous supports and activities for kids and youth, and over a thousand community centers are involved in our CSR projects, Sponsorship projects, and Community Development projects. In 2010, approximately 5 billion KW have donated to K&F, and therefore, we exceeded the fundraising goal by 126%. K&F has tried to expand fundraising channels through developing individual donors and stimulating in-kind donations as well as promoting numerical growth. As a bridge connecting donors to kids and youth, and vice versa, K&F will continue providing appropriate services to kids and youth and transparent information to donors. Not limited to domestic projects, K&F has just started an international development project for kids and youth in Burundi, one of the poorest countries in the world. Thus, providing educational materials such as small libraries, books written in native language, and school supplies, will be the first goal for K&F. All these things would be possible through constant supports from benevolent corporations, local community centers, and individual donors. K&F promises that we will satisfy all stakeholders' expectations, and we are always welcoming your comments and advice on our activities. Thank you very much. March 2011
Chairman
4
Welcome
2010 Highlights January ㆍInstructor workshop - Samsung Securities Financial Education for Youth ㆍHeld a stakeholders’ meeting for KIAMCO sponsorship project
July ㆍStarted ‘Nanum Webtoon (web + cartoon)’ volunteer group ㆍEnglish Camp with Kookmin Bank
February ㆍAward ceremony for reading reports - Brighter hope with books sponsored by Hyundai Steel
August ㆍAn on-line campaign for youth to prevent suicide with SK Telecom ㆍMOU ‘Switch on Hope’ with Sebang Lee Eui Soon Foundation ㆍMOU ‘Shinhan Card Arumin Library’ with Shinhan Card
March ㆍOn-line event to celebrate K&F’s 10th anniversary ㆍHanppyeom Library with IGM7SP alumni association ㆍLaunched Wish Lamp project
September ㆍMoonwha Ilbo interviewed the chairman ㆍHanppyeom Library with Burberry Foundation
April ㆍStarted on-line campaign, ‘Let’s protect our eyes’ ㆍFamily camp with HAN WHA for disabled kids and youth May ㆍHanppyeom Library with Tapex ㆍ‘Soccer Class for disabled kids and youth with a former soccer player, Yoo Sang Chul, sponsored by HAN WHA ㆍAwarded ‘Korea Sharing Awards’ from Nanum News
November ㆍAwarded Korean Sustainability Reporting Reader’s Choice Award by Korean Standard Association - Public/NGO Sector ㆍ‘Hope Spring Funds’ awarded Korean PR Award in CSR Sector by Korea Public Relation Association
June ㆍStarted caricature event with individual donors ㆍAn Auction Event with MK Economy ㆍHold ‘Summer Camp’ for disabled kids and youth with HAN WHA
Awards
Emblem
October ㆍExecuted public art event as an activity of ‘Art Maru’ with POSCO ㆍHold ‘Hope Calligraphy’ event with Astrazeneca
December ㆍOpening ceremony for the first Shinhan Card Arumin Library ㆍ‘Wish Lamp’ executed on-line Christmas event for 100 kids and youth ㆍThe fifth White Sale event with Seoul Auction Award
Date
Sponsor
November 16
Korean Standard Association
Date
Sponsor
May 07
Nanum News
Korean Sustainability Reporting Readers’ Choice Award Public/NGO Sector
Emblem
Award Korea Sharing Awards The Chairman of Education, Science, and Technology Committee in The National Assembly
The Kids Remember you 5
Projects Review In review of 2010 project activities, it is notable that all figures are considerably extended and expanded. Kids and Future Foundation supported 45 community organizations, 87,919 kids and youth, and 1,629 social welfare facilities in 2010. The expenditure represents the sum of 2009 carryover and the newly donated amounts in 2010. ‘Project Period’ denotes the total project period, and all evaluations were conducted based upon 2010 project activities
Progresses in recent 3 years The followings show progresses K&F has achieved in recent 3 years. Every single area, except the number of donors (organizations), has expanded due to continuous project development and constant efforts in fundraising. Especially, K&F seeks to be efficient in human resources through encouraging volunteers and actively collaborating with partners.
68
37 31
4,806,362,307
31 45
40
3,205,452,231 2,423,054,539
2008
2009
2008
2010
2009
2010
2008
Number of Donors (organizations)
Number of Projects
Expenditures
4,511
1,629
87,919
3,209
1,204 54,167
916
25,278
2008
918
2009
2010
Number of Beneficiaries (kids and youth)
6
Projects Review
2009
2008
2009
2010
Number of Beneficiaries (organizations)
2008
2009
2010
Number of Volunteers
2010
2010 Overview Number of projects
Number of donors (organizations)
Expenditures
31
45
4,806,362,307
Number of beneficiaries (kids and youth)
Number of beneficiaries (organizations)
Number of volunteers
87,919
1,629
4,511
Total
Total
Expenditures Total
Supporting Funds
Education/Workshop
Program Activities
Amounts
4,806,362,307원
1,955,276,868원
61,878,902원
549,645,448원
Percentage
100%
40.68%
1.28%
11.44%
Monitoring/Evaluation
PR
Project Operating
Project Mgmt
2011 Carryover
Amounts
36,679,880원
89,286,450원
33,143,880원
276,742,598원
1,803,708,281원
Percentage
0.77%
1.86%
0.70%
5.75%
37.52%
Education/Workshop Monitoring/Evaluation
Project Mgmt
2011 Carryover
5.75%
37.52%
40.68%
1.28%
0.77%
Project Operating
PR Supporting Funds
0.70% 1.86%
11.44% Program Activities
CSR Projects K&F has developed education, culture, arts, and IT projects to support kids and youth so that they would increase life skills and prepare actively for their future. To secure qualified projects, we provide consulting services to partners in every step. And, to encourage efficiency, we provide empowerment services and operating manuals to beneficiaries. Total
Supporting Funds
Education/Workshop
Program Activities
Amounts
1,833,800,864
678,311,621
59,899,802
455,398,607
Percentage
100%
37%
3.2%
24%
Monitoring/Evaluation
PR
Project Operating
Project Mgmt
2011 Carryover
Amounts
35,072,620
48,199,200
24,079,319
161,804,230
371,035,465
Percentage
1.5%
2%
1.3%
8%
23%
Supporting Funds
Program Activities 2011 Carryover
24%
37%
8%
Monitoring/Evaluation PR 1.5%
3.2%
1.3%
Project Operating
Project Mgmt
23%
2%
Education/Workshop
The Kids Remember you 7
Sponsorship Projects K&F has provided sponsorship projects to kids and youth from cancer patient’s families, single parent families, and low-income families with not only financial support but also emotional support to encourage them to have a brighter future. Total
Supporting Funds
Education/Workshop
Program Activities
Amounts
500,149,455
265,466,900
1,979,100
52,941,495
Percentage
100%
53%
0.4%
10.6%
Monitoring/Evaluation
PR
Project Operating
Project Mgmt
2011 Carryover
Amounts
1,607,260
187,000
1,231,650
29,550,000
147,186,050
Percentage
0.3%
0%
0.3%
6%
29.4%
Education/Workshop
2011 Carryover Monitoring/Evaluation Project Mgmt
29.4%
Program Activities
0.4%
53%
0.3%
10.6%
0.3%
6%
Supporting Funds
Project Operating
Community Development Projects K&F has supported community-based social welfare facilities through mentoring programs, education programs, and facility repair programs. In addition, K&F has provided other programs with which kids and youth learn by direct and actual experience. Total
Supporting Funds
Education/Workshop
Program Activities
Amounts
2,195,760,581
735,580,940
41,305,346
Percentage
100%
33.50%
-
Monitoring/Evaluation
PR
Project Operating
Project Mgmt
2011 Carryover
-
40,600,250
7,698,911
85,088,368
1,285,486,766
1.89%
0.35%
3.83%
58.54%
Amounts Percentage Supporting Funds
2011 Carryover 1.89%
33.50%
1.89%
Program Activities
Project Operating
PR
3.83%
0.35%
1.89%
Project Mgmt
58.54%
In-kind Supporting Projects K&F has promoted in kind donations since 2000, and various types of donations - shoes, clothes, movie tickets, books, and school supplies - have been provided to kids and youth. We encourage donors and receivers to use the website (www.donation.or.kr), and the figures in the website are not included in the table.
8
Supporting Funds Project Mgmt 0.12%
Project Operating
0.12%
99.7%
0.06%
Total
Supporting Funds
Education/ Workshop
Program Activities
Monitoring/ Evaluation
Amounts
276,651,407
275,917,407
Percentage
100%
99.7%
-
-
-
Projects Review
PR
PR
Project Operating
Project Mgmt
300,000
134,000
300,000
0.12%
0.06%
0.12%
2011 Carryover
-
Fundraising Results 2000 ~ 2010 Fundraising Progersses Funds irregularly fluctuated before 2005, but have shown a constant increase since then. In 2010, the 10th anniversary, the funds ranked the 2nd highest amount, followed by the year of 2000. A total amount of funds for 11 years is ￦22,079,711,028, and an average by year is ￦2,007,246,457.
2000 ~ 2010 Fundraising Progersses Amounts (KW)
7,000,000,000
Amounts
6,000,000,000 5,000,000,000 4,000,000,000 3,000,000,000
Results by Months Organizations/ Corporations
Individuals
구분
Amounts
Total
Organizations (Corporations) Number
Amounts
Number
2009년
￦259,005,637
2,026
￦2,463,661,918
46
2010년
￦346,488,400
3,048
￦4,188,274,866
68
In Kind
구분
In Kind
20 10
Total Amounts
￦22,079,711,028
20 09
￦4,761,414,673
20 08
2010
Amounts
Total Number
Amounts
Number
2009년
￦101,408,900
11
￦2,824,076,455
2,083
2010년
￦226,651,407
9
￦4,761,414,673
3,125
Month
Individuals
Jan
￦20,913,582
￦616,250,251
-
￦637,163,833
Feb
￦20,601,656
￦37,727,444
￦3,310,000
￦61,639,100
Mar
￦20,024,871
￦240,010,419
-
￦260,035,290
Apr
￦16,238,859
￦136,992,500
￦6,150,000
￦159,381,359
May
￦37,729,295
￦386,380,000
￦3,400,000
￦427,509,295
June
￦17,231,623
￦122,921,655
-
￦140,153,278
July
￦13,969,428
￦395,806,025
￦40,200,000
￦449,975,453
Aug
￦14,585,069
￦18,700,000
-
￦33,285,069
Sep
￦16,909,617
￦173,617,000
￦28,500,000
￦219,026,617
Oct
￦44,218,069
￦103,887,632
-
￦148,105,701
2,000,000,000
Nov
￦21,331,601
￦841,131,940
-
￦862,463,541
1,000,000,000
Dec
￦102,734,730
￦1,114,850,000
￦145,091,407
￦1,362,676,137
Total
￦346,488,400
￦4,188,274,866
￦226,651,407
￦4,761,414,673
Amounts (KW)
Results by Month Individuals
5,000,000,000
Organizations/ Corporations
In Kind
Total
4,000,000,000 3,000,000,000
Month To tal
￦2,824,076,455
2010 Overview
De c
2009
20 07
￦2,155,930,831
No v
2008
20 06
￦1,774,632,510
Se p
￦1,105,396,987
2007
Oc t
2006
20 05
￦499,420,328
Au g
2005
20 04
￦582,711,398
Ju ly
￦773,415,970
2004
Year
0 20 03
2003
1,000,000,000
Ap r
￦1,626,891,414
Ju ne
2002
2,000,000,000
20 02
￦141,981,945
Ma r
2001
20 01
￦5,833,838,517
Fe b
2000
Ja n
Amounts
20 00
Year
The Kids Remember you 9
Individual Donors Statistics By Gender No. of Donors
Male
Female
No Answer
1,342
936
770
Amounts
￦213,761,016
￦91,141,266
Others
Total
￦35,022,910
3,048 ￦6,624,293
￦346,549,485
By Gender Number
25.26%
30.71%
No Answer
44.03%
Female
Male
By Age Age
1~9s
No. of Donors
2
Amounts
￦25,000
10s
No. of Donors By Age
20s
30s
40s
50s
33
305
1,092
615
160
￦2,132,376
￦12,741,465
￦84,485,587
￦114,521,884
￦38,911,306
1200
1,092
1000 Age
60s
70s
80s
90s
No Answer
Others
Total
No. of Donors
55
14
-
2
770
-
3,048
Amounts
￦48,303,491
￦3,550,803
-
￦230,370
￦35,022,910
￦6,624,293
￦346,549,485
770
800
615
600 400
305
200
160 -
2
By Region No. of Donors
Amounts
Gangwon
13
￦2,019,734
Kyungki
236
￦36,293,511
Kyungsang
21
￦2,188,565
Kwangju
8
￦385,759
Taegu
5
￦89,797
Daejeon
11
￦2,242,704
Pusan
16
Seoul
1,420
Ulsan
6
￦512,141
Incheon
24
￦1,328,386
Jeonla
14
￦882,072
Jeju
2
￦107,659
Choongcheong
18
￦1,381,068
No Answer
1,254
￦36,759,880
Others
-
￦6,624,293
Total
3,048
10 Fundraising Results
￦3,619,000
No. of Donors By Region 1,500
1,420 1,254
￦252,114,916
￦346,549,485
1,000
500 236
-
13
21
8
5
11
16
6
24
14
2
18
Ga ng w Ky on Ky ung un ki gs a Kw ng an gj Ta u eg Da u eje on Pu sa n Se ou l Uls Inc an he o Je n on la Ch oo ng Jeju ch No eon An g sw er
Region
No 90s An sw er
14
1~ 9s 10 s 20 s 30 s 40 s 50 s 60 s 70 s 80 s
0
55
33
2
Organizations (Corporations) By Industries
By Period Period
No. of Donors
Number
Amounts
Amounts
less than 6 months
1,609
￦111,743,558
Construction
less than a year
239
￦16,022,610
Education
5
￦4,269,070
9
￦2,838,480,000
2
￦1,160,000
less than 2 years
190
￦7,876,554
Finance
less than 3 years
47
￦7,733,000
Media
1
￦1,000,000
less than 4 years
42
￦6,771,000
Service
17
￦127,077,650
less than 5 years
466
￦51,720,000
Supply Chain
11
￦371,248,995
3
￦2,120,000
less than 6 years
102
￦35,485,000
Printing
less than 7 years
329
￦55,893,470
Pharmaceutical
2
￦48,500,400
over 7 years
24
￦46,680,000
Manufacturing
6
￦724,815,169
Others
-
￦6,624,293
IT
1
￦1,000,000
Total
3,048
Others
11
￦68,603,582
Total
68
￦4,188,274,866
￦346,549,485
Events/Campaigns
Corporations
K&F has implemented diverse events and campaigns to support kids and youth. The purpose of the events and campaigns is to help individuals and corporations donate more easily and to expand donation culture in the society.
￦5,000,000원 ~ ￦10,000,000
,
,
￦10,000,000 ~ ￦50,000,000
, 에드에이스,
,
,
,
,
￦50,000,000 ~ ￦100,000,000
, KTB투자증권
,
,
,
한영회계법인,
Amounts 2010 Performances
, Number
8
Number of donors - organizations
155
Number of donors - individuals
20,946
Total Amounts
￦97,941,857
Number of beneficiaries
1,292
￦100,000,000 ~ ￦500,000,000
,
,
,
￦500,000,000 ~ ￦1,000,000,000
￦1,000,000,000
,
The Kids Remember you 11
2010 Account Settlement Overview Revenues and Expenditures Revenue Property Revenue
￦3,000,000,000
Previous Year Revenue
Carryover
￦126,828,474
Designated Donations Property Revenue
Interest Incomes
Previous Revenue
Previous Revenue
￦1,033,106,626
￦28,217,130
Undesignated Donations
￦130,000,000
General Donations
￦260,166,685
International Designated Donations Donations
Others Property Revenue
Designated Donations
￦987,000,000
General In Kind Donations
￦179,987,300
52.3%
Carryover
￦54,005,042 ￦3,103,591,539
CSR Donations
Designated In Kind Donations
0.1%
1.5%
45.8%
0.3% Previous Revenue
￦46,664,107
Other Interest Incomes Others
Donations
￦137,598,123
￦207,083
Others
￦6,561,554
Interest Incomes from Designated Donations
￦1,103,441
Others
￦9,095,037,104
Expenditures CSR Project Costs Project Costs
General Costs
Project Costs
￦395,505,305
Community Development Project Costs
￦849,706,921
In Kind Supporting Project Costs
￦216,640,107
Fundraising & Marketing Costs
￦40,166,941
Overhead Costs
￦29,163,893
Office Expenses
￦700,603,405
Property Organizing Costs
￦12,181,800
Previous Year Expenses
￦24,983,820
Carryover
￦5,520,036,436
Total
￦9,095,037,104
Carryover
Office Expenses
30.5%
Previous Year Expenses
7.7%
0.2% 0.1%
Property Organizing Costs
12
Sponsorship Project Costs
General Costs
0.7%
2010 Account Settlement Overview
￦1,306,048,476
60.8%
Audit Report The Board of Directors Kids & Future We have audited the accompanying statements of financial position of Kids & Future (the “Foundation�) as of December 31, 2010, and the related statements of activities, and cash flows for the years then ended. These financial statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial statements based on our audits. The financial statements of the Foundation as of December 31, 2009, presented for comparative purposes, were audited by Deloitte Anjin LLC whose report dated March 17, 2010, expressed an unqualified opinion on those statements, and we do not express an opinion on them. We conducted our audits in accordance with auditing standards generally accepted in the Republic of Korea. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Foundation as of December 31, 2010 and the results of its financial performance and its cash flows for the years then ended in conformity with accounting principles for private, non-profit and social welfare foundations established under the Social Welfare Act of the Republic of Korea and, where applicable, accounting principles generally accepted in the Republic of Korea. We have also reviewed the translation of the 2010 financial statements mentioned above into United States dollar amounts on the basis described in Note 2 to the accompanying financial statements. In our opinion, such statements have been properly translated on such basis. Accounting principles and auditing standards and their application in practice vary among countries. The accompanying financial statements are not intended to present the financial position, results of financial performance, and cash flows in accordance with accounting principles and practices generally accepted in countries other than the Republic of Korea. In addition, the procedures and practices utilized in the Republic of Korea to audit such financial statements may differ from those generally accepted and applied in other countries. Accordingly, this report and the accompanying financial statements are for use by those who are knowledgeable about Korean accounting principles, both accounting principles for private, non-profit and social welfare foundations established under the Social Welfare Act of the Republic of Korea and accounting principles generally accepted in the Republic of Korea, and auditing standards and their application in practice. February 25, 2011
The Kids Remember you 13
Financial Statement Statements of financial position As of December 31, 2010 and 2009
Kids & Future
Amounts (KW)
Korean won in thousands 2010
Translation into US dollar(Note 2)
2009
2010
Assets Current assets : Cash and cash equivalents(Notes 2, 3 and 4)
￦2,703,106
￦1,159,935
US$ 2,373,436
Short-term financial instruments(Notes 2, 3 and 10)
￦1,200,000
￦590,767
US$ 1,053,648
￦749,849
￦782,489
US$ 658,398
￦10,011
-
US$ 8,790
￦4,662,966
￦2,533,191
US$ 4,094,272
Other accounts receivable Inventories Total current assets Non-current assets :
￦7,000
￦503,850
US$ 6,146
Held-to-maturity securities(Notes 2, 6 and 10)
￦850,000
￦1,003,175
US$ 746,334
Long-term guarantee deposits(Note 10)
￦201,250
￦201,250
US$ 176,706
Property and equipment(Notes 2 and 7)
￦25,648
￦30,863
US$ 22,520 US$ 15,883
Available-for-sale securities(Notes 2, 5 and 10)
￦18,089
￦22,100
Total current assets
￦1,101,987
￦1,761,238
US$ 967,589
Total assets
￦5,764,953
￦4,294,429
US$ 5,061,861
￦94,470
￦15,657
US$ 82,949
￦8,997
￦9,327
US$ 7,900
￦103,467
￦24,984
US$ 90,849
Intangible assets(Notes 2 and 8)
Liabilities and equity Current liabilities : Other accounts payable Withholdings Total current liabilities Non-current liabilities : Total non-current liabilities Total liabilities
-
-
￦103,467
￦24,984
US$ 90,849
￦237,486
￦210,088
US$ 208,522
Temporarily restricted(Notes 2 and 11)
￦2,424,000
￦1,059,357
US$ 2,128,369
Permanently restricted(Notes 2 and 10)
￦3,000,000
￦3,000,000
US$ 2,634,121
Total net assets
￦5,661,486
￦4,269,445
US$ 4,971,012
Total liabilities and equity
￦5,764,953
￦4,294,429
US$ 5,061,861
Net assets : Unrestricted(Note 2)
See accompanying notes.
14
Financial Statement
Statements of activities For the year ended December 31, 2010 and 2009
Kids & Future
Amounts (KW)
2010 Revenues, gains and other support (Note 2): General donations Designated donations(Note 11) Commodity donations Stock donations Interest income(Note 11) Other revenues, net Operational expenses (Note 2): Programs: General social welfare activity Public activity Designated donation activity (Note 11) General and administrative expenses (Note 9) Other revenues, net
Korean won in thousands Translation into US dollar(Note 2) Temporarily Permanently Unrestricted Total Total restricted restricted ￦570,154
-
￦180,208 ￦11,211 ￦761,573
￦4,191,261
￦1,103 ￦4,192,364
-
￦291,525
￦2,533,371 ￦294,350 ￦2,827,721 ￦1,364,643 ￦1,059,357 ￦2,424,000
￦3,000,000 ￦3,000,000
￦12,335
￦429,163 ￦1,152 ￦734,175
Reclassification (Notes 2 and 11) Increase in net assets Net assets at beginning of year Net assets at end of year
2009 Revenues, gains and other support (Note 2): General donations Designated donations (Note 11) Commodity donations Stock donations Interest income(Note 11) Other revenues, net Operational expenses (Note 2): Programs: General social welfare activity Public activity Designated donation activity (Note 11) General and administrative expenses (Note 9) Other revenues, net Reclassification (Notes 2 and 11) Increase (decrease) in net assets Net assets at beginning of year Net assets at end of year See accompanying notes.
￦27,398 ￦210,088 ￦237,486
￦570,154 ￦4,191,261
￦181,311 11,211 ￦4,953,937
￦291,525 ￦12,335 ￦2,533,371 ￦723,513 ￦1,152 ￦3,561,896
￦1,392,041 ￦4,269,445 ￦5,661,486
US$ 500,618 US$ 3,680,096 US$ 159,198 US$ 9,844 US$ 4,349,756
US$ 255,971 US$ 10,831 US$ 2,224,402 US$ 635,274 US$ 1,012 US$ 3,127,490 US$ 1,222,266 US$ 8,328,802 US$ 9,551,068
Korean won in thousands Translation into US dollar(Note 2) Temporarily Permanently Unrestricted Total Total restricted restricted ￦351,116
-
￦176,115 ￦74,230 ￦601,461
￦2,472,960
￦766 ￦2,473,726
-
￦203,454
￦1,975,499 ￦153,696 ￦2,129,195 ￦344,531 ￦714,826 ￦1,059,357
￦3,000,000 ￦3,000,000
￦24,115
￦518,236 ￦1,442 ￦747,247 (￦145,786) ￦355,874 ￦210,088
￦351,116 ￦2,472,960
￦176,881 ￦74,230 ￦3,075,187
￦203,454 ￦24,115 ￦1,975,499 ￦671,932 ￦1,442 ￦2,876,442
￦198,745 ￦4,070,700 ￦4,269,445
The Kids Remember you 15
Statements of cash flows For the years ended December 31, 2010 and 2009
Kids & Future
Amounts (KW)
Korean won in thousands 2010
Translation into US dollar(Note 2)
2009
2010
Cash flows from operating activities: Cash inflows from general donations Cash inflows from designated donations Interest received Cash inflows from other operating activities Cash outflows for general social welfare activities Cash outflows for payroll and other operating cash payments Net cash provided by (used in) operating activities
￦560,143
￦351,116
US$ 491,828
￦4,191,261
￦2,472,960
US$ 3,680,096
￦163,835
￦195,900
US$ 143,854
￦6,503
￦26,197
US$ 5,710
(￦2,801,733)
(￦2,203,068)
(US$ 2,460,034)
(￦658,984)
(￦662,397)
(US$ 578,614)
￦7,000
￦503,850
US$ 6,146
(￦607,177)
Cash flows from operating activities: Decrease (increase) in short-term financial instruments
￦7,796
(US$ 533,126)
￦696,850
-
US$ 611,862
(￦7,527)
(￦3,064)
(US$ 6,609)
￦82,146
￦4,732
US$ 72,127
-
-
-
Net increase in cash and cash equivalents
￦1,543,171
￦185,440
US$ 1,354,967
Cash and cash equivalents at the beginning of the year
￦1,159,935
￦974,495
US$ 1,018,470
Cash and cash equivalents at the end of the year
￦2,703,106
￦1,159,935
US$ 2,373,437
Decrease in long-term financial instruments Acquisition of furniture and fixtures Net cash provided by (used in) operating activities Cash flows from operating activities:
See accompanying notes.
16
Financial Statement
Volunteers Volunteers Volunteers in K&F are actively involved in various areas such as administrative assistances, one-on-one mentoring programs, teaching activities, and outdoor activities. K&F encourages volunteers to use their specialty in volunteer areas. During the year of 2010, 4,511 volunteers participated in K&F programs for 53,757 hours. The number of volunteers was increased by 74%, and the estimated value was decreased, compared to 2009. We would like to say ‘Thank you very much’ to all volunteers.
Total donated volunteer hours and estimated value Total donated volunteer hours
Estimated Value
53,757
￦597,186,513
Male
Volunteers by gender
51.3%
Total
Female
Male
Female
Number
%
Number
%
Number
%
4,511
100.0
2,312
51.3
2,199
48.7
48.7%
Volunteers by age Total
10s
20s
30s
40s
Over 50
Number
%
Number
%
Number
%
Number
%
Number
%
Number
%
4,511
100.0
25
0.55
1,894
41.9
1,849
40.9
705
15.6
38
1.05
20s 10s 40s Over 50 1.05%
41.9% 30s
0.55%
15.6%
40.9%
The Kids Remember you 17
Organization Organization Chart
Kids & Youth all over the World Chairman Executive Director
Board of Directors
100 Persons Committee
Strategic Planning - Strategies, Planning, Research
Strategic Alliance Projects ㆍCSR project ㆍSponsorship projects ㆍCommunity Develpment projects
Public Relations - On/Off-line PR
Financial Education Projects ㆍFinancial Education projects
Fundraising & Marketing
Community Projects ㆍShinhan Card Arumin Library Project
Management Supporting
ㆍOn/Off-line Fundraising Activities ㆍCSR Consulting ㆍDonor Management
ㆍAccounting ㆍAdministration ㆍHR
Board of Directors Board of Directors is the top decisionmaking organization of K&F. It consists of 11 persons (Chief Executive Officer, Deputy CEO, 5 Directors, 2 Operating Directors, and 2 Auditors) who have different backgrounds. Board of Directors provides professional and constant supervision to K&F to make sure that the organization operates transparently and efficiently. Regular meetings are held twice a year and other meetings, if necessary, can be held.
Title
Name
Chairman
Song Ja
Deputy Chairman
Lee Jae Hong
CEO, Taeseong Company Consultation Co., Ltd.
Kim Han Sub
CEO, KTB Securities Co., Ltd.
Director
The goal of the committee is to promote Noblesse Oblige and encourage opinion leaders to be involved in K&F’s efforts to support kids and youth with practical and differentiated programs.
18
Organization
Kim Hae Rhyun
CEO, Adigm Co., Ltd.
Sohn Kyung Hee
Professor Emeritus, Yonsei University
Chung Moo Sung
Dean, Social Welfare Graduate School of Soongsil University
Joo Tae San Operating Director Auditor
100 Persons Committee
Position Advisor, Daekyo Co., Ltd.
CEO, Max Movie
Yang Ok Kyung
Professor, Department of Social Welfare, Ehwa Woman's University
Chang In Whan
CEO, KTB Asset Management
Choi Kyung Soo
Partner, Sam Kyeong Accounting Corp
Baik Young Bae
CEO, Yoo Young Industry Co., Ltd.
Staff: 25 employees Executive Director Strategic Alliance Projects Team: 9 staff
Financial Education Projects Team: 2 staff
Community Projects Team: 4 staff
Fundraising & Marketing Team: 3 staff
Public Relations Team: 2 staff
Strategic Planning Team: 1 staff
Management Supporting Team: 2 staff
Hope, a beautiful blossom of miracle,
Kids & future
For Donation Online www.donation.or.kr Bank Account SHIN HAN BANK, 100-016-715700, Kids & Future ARS 060-700-1533 Questions kidsfuture@kidsfuture.or.kr Tel 82-2-843-8478~81 Design by INI 82-2-885-1250 www.yesini.com The Kids Remember you 19
s dreams are on their way All children’
Hope, a beautiful blossom of miracle,
Kids & future
KIDS & FUTURE FOUNDATION 5th FL Nunnopi Boramae Center 729-21 Bongcheon dong, Gwanak gu, Seoul, Korea Republic of tel 82 2 843 8478~81 fax 82 2 843 8482 e-mail kidsfuture@kidsfuture.or.kr www.kidsfuture.or.kr / www.donation.or.kr