GlobeMed
Developing 21st century leaders for global health
2015-2016 GlobeMed Financial Updates Thanks to our amazing alumni, board members, donors, and friends, GlobeMed has made over $900,000 since September! We are so grateful for this support, which will help us continue improving the GlobeMed experience for students, partners, and alumni. Through significant investments in technology this year, we have begun building a platform, or a “home”, for the network that will enable GlobeMed members to manage their contacts, events, and projects; support and advise one another on common challenges; and form virtual working groups for things like advocacy, job hunting, and mutual learning. We believe these efforts will help us increase efficiency and save resources over time, while strengthening the network and making it easier to tap into our collective power. As we enter the last quarter of this fiscal year, we are only about $80,000 away from crossing the $1 million mark! At the Headquarters we are continuing to cultivate some institutional supporters who are excited about GlobeMed’s vision, but we still need more sustainable revenue, especially given the shifting political climate. Today, 30 alumni contribute a total of $535 per month. We’re asking 30 more alumni to contribute $15 per month to help us reach $1000 given by alumni per month. Will you be one of those alumni? A contribution of $15 per month will make a world of a difference for GlobeMed’s ability to thrive, and it will only cost you about one lunch!
Sources of GlobeMed Revenue
Types of Individual Revenue
Sept 2015 - May 2016
Sept 2015 - May 2016
5%4% 7% 9%
19%
1% 3% 2%
50%
11% 75%
13%
Government Individuals Corporate Sponsorships University
Family Foundations Corporate Foundations Program Registration
Other One-time Gifts Alumni One-time Gifts
Board Members Alumni Recurring Gifts
Other Recurring Gifts
address: 601 University Place, Evanston, IL 60208 | phone: (847)-786-5716 | email: info@globemed.org | website: www.globemed.org
GlobeMed
Developing 21st century leaders for global health
Expenses Sept 2015 - May 2016 The chart (right) provides a general overview of where GlobeMed’s money has been spent this year. •
Programs include the cost of Leadership Institute, GROW Institute, Summit, and Partner Forum, as well as chapter and partner visits.
•
Grants include GROW grants and student grants for network events.
•
Administration includes our new technology platform, salaries, and other administrative costs like taxes.
•
Fundraising costs are primarily related to the 10th Anniversary Celebration, which raised over $77,000 of profit!
9% 19%
39%
32% Programs Grants Administration & Tech Fundraising & Marketing
Operating Budget This table shows what we budgeted for at the beginning of the fiscal year (September 2015).
PROGRAMS
$411,153
Events
$187,765
Chapter Support
$125,045
Partner Support
$98,343
GRANTS
$308,400
ADMINISTRATION
$268,830
FUNDRAISING & MARKETING
$64,500
TOTAL
$1,052,883
address: 601 University Place, Evanston, IL 60208 | phone: (847)-786-5716 | email: info@globemed.org | website: www.globemed.org