PROMOTING EDUCATION IN CAMEROON:
THE EXCOLLIBER GROUP
Presented to:
Professor Richard Linowes
Management Department
Kogod School of Business
American University
Presented by:
Sandrine Fimbi Ndedi
International Finance Bachelor’s Degree Candidate
Honors Program
Spring 2008
May 7, 2008
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INTRODUCTION
My name is Sandrine Fimbi Ndedi, and I am an international student in the U.S. originally from
Douala, Cameroon. As a Cameroonian citizen, it is normal that I want to see my country develop
and be able to exploit its potential, but for me it is not enough to wish my country well: I would
like to help my country accelerate its growth by helping to improve the standards of living of my
fellow Cameroonians. This goal is rather huge to completely achieve alone, so I thought that if I
can do my part, however small it is, and other people see that what I do is actually changing,
improving things, then there will be more chances that other Cameroonians step up onto the plate
and contribute something to the betterment of the whole country.
I believe that education is a strong tool in improving the living conditions of populations. The
quality of education in Cameroon is not as bad as it seems, and I should know since I received
my primary and secondary education there. In fact, it is one of the most demanding educational
systems in Africa in which students are expected to know a lot about different fields and
different regions of the world and to produce good results with minimal technology. Because of
that background in my education, I was able to complete my first tertiary degree with minimum
problems since I have been used to more demanding school work. The problem with education in
Cameroon is just that it does not seem to lead to jobs asking for skilled workers because of
corruption and tribal affiliation among others. Also, with the costs of foods and other basic needs
rising steadily with time at a higher rate revenues per worker is rising in Cameroon, less
emphasis is being put on education, especially by parents of large families. Finally, the status of
the teaching profession in Cameroon has been so denigrated that less and less teachers are taking
their role in the Cameroonian society seriously. To try to address those needs, two of my closest
Cameroonian friends and I formed an association named Excolliber.
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BACKGROUND
The Excolliber Group was created by three friends and former students at College Libermann
with the objective to find a way to give back to the community as they have been taught during
their secondary studies. After taking a good look at our society in Cameroon and at the strengths
we believe our education at College Libermann has given us, we decided that helping to promote
education the right way in our country was what we could do to help our country develop and get
out of its lethargy. During the summer after our graduation, back in 2003, we started to pitch the
idea of an altruistic group to some of our former classmates, to see if we could get the kind of
support we needed to make any charitable endeavor successful and sustainable in my country.
The enthusiastic response we got from most of our classmates led us to set up a Yahoo Group
were we could all meet and exchange ideas about what we wanted to actually achieve and how
we could go about it. At the beginning, in 2004, the group was mostly made of people from the
2003 class, but with time people from other classes started to join, and today the group counts
about 420 active members. To some it might seem strange that it took the group 4 years to
formulate its action plan, but in this case it is a good thing. Taking our time gave us the
opportunity to test and eliminate different alternatives for promoting education in our country,
and it also gave the time to our leaders, who are mostly from the 2002 or 2003 classes, to mature
and develop some needed skills.
Concerns
As was mentioned above, one of the reasons the Excolliber Project was developed is for us,
former students of College Libermann, to have to opportunity to continue to give back to our
community. College Libermann is a Catholic, Jesuit institution, and the program is certainly still
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the best in his genre in Cameroon. The mantra of the program was to develop gifted minds so
that they could in turn serve the others. As part of our studies there, each year we had to help a
local non-for profit organization or serve our community in some way. My friends and I thought
it deplorable that most of the time, once the students had graduated, they forgot all about helping
the others. We were not sure if it was because they just did not care or maybe because they do
not have the opportunity, as they had with the school, to evolve in a group of friends, of people
they knew and trusted.
One of the big problems Cameroon is facing is the fact that more than 75% of its population is
under 21 years old, and the economy is not growing fast enough for the parents or grandparents
to be able to satisfy the basic needs of those children. Adding to that the rampant and pervasive
corruption reigning in the country, the difficulty to find a job without knowing the right people,
and the tribalism that sometimes segregates the population, then it is easy to see that if nothing is
done, the situation can potentially become explosive. Because not enough emphasis is given to
education, especially secondary and tertiary education, most of the youth vagabonds during the
day, doing nothing, partially because they believe furthering their education is a waste of time
and most importantly of money since the government does not provide any help and education
does not seem to matter in landing a job. Since idleness is the mother of all vices, as those
conditions have gotten worse, there has been an increase in petty thefts and burglaries by young
people, in the HIV/AIDS infection rate of the 15-25 years old segment, and in the pregnancy rate
of woman younger than 25 years old. Taking into account those disastrous conditions, our group
realized that promoting education the right way could not only spur development but also heal
the nation of many of its ills. We believe that if we show to the youth that education can really
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give them a good chance at better job, help overcome tribes’ segregation and corruption; then our
country will have a chance to realize its potential.
Location
Because charity begins at home, we naturally plan to start the Excolliber project in our
hometown of Douala, Cameroon for the 2010-2011 school year. If all go as planned the third
year we will extend the operations to the capital city, Yaounde, as well as some of the other key
towns like Buea, Bafoussam, Garoua, and Ngaoundere. We would like to expand the activities of
the association to the whole country by the fifth year. If this adventure is successful in our
country, we would like to see it reproduced into other African countries. For this purpose, we
will be ready and willing to partner with educational non-profit organizations from other
countries in other to exchange experience and expertise.
SERVICES
The mission of the Excolliber group is to help improve the standards of living of the
Cameroonian population through education. To achieve this purpose, we are going to propose
different services to the Cameroonian public like scholarships and tutoring and career services
for students, awards for teachers, and equipment donations for schools. Ultimately, the goal is to
be able to, either by ourselves or with the help of some other organizations, build modern and
affordable schools all around the country.
Services for students
It is difficult to teach old monkey new tricks. Because of this, to fight corruption and tribalism
will not be as effective if we try to change the to working professional that are already set in their
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old ways and are not willing to change compared to teaching the youth a new mentality using
real examples. In Cameroon, the government is supposed to give out scholarships every year to
the outstanding students of the nation. I went to school for fourteen years there, and I only
receive a scholarship from the government once despite being considered as one of the most
gifted students in the country for the duration of my studies. And that one time I did receive a
scholarship, the actual amount ended up being lower than the one I was supposed to get. At
Excolliber we want to offer scholarships to outstanding students every year. Being awarded a
scholarship will not depend on which tribe the students are from or if the students know someone
in the scholarship’s committee. It will only depend on whether the student was brilliant enough
during the academic year and whether the student applied for a scholarship or was nominated by
someone else. There will be three different levels of scholarships according to the different level
of education: primary scholarships, secondary scholarships, and tertiary scholarships.
Primary Scholarships
During the first two years, when the activities of Excolliber will be limited to Douala, we will
offer 20 scholarships at the primary education level. Because in Cameroon primary education is
almost free when attending public institutions, the amount of these scholarships will be 50,000
FCFA or about $1101. This sum should be enough to cover the cost of books and other school
supplies, which averages about 20,000 FCFA per year at that level, and it should help the parents
provide for new clothes and shoes for the year.
Secondary Scholarships
1
The exchange rate used in the whole document is 454.545 FCFA = $1
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Excolliber will offer 50 scholarships at the secondary education level. Unlike primary education,
secondary education at public schools is not free in Cameroon. On average, the tuitions at a
public school will be about 40,000FCFA for the first cycle (middle school) and 50,000FCFA for
the second cycle (high school). In a private school, the tuitions will average 50,000FCFA for the
first cycle and 60,000FCFA for the second. Taking into account these costs and adding to them
the costs of books and supplies which average 30,000FCFA, we set the secondary scholarships at
100,000FCFA or about $220. It is important to note that while those scholarships will cover
tuitions for most of the secondary schools in Cameroon, they will not entirely cover the tuitions
for College Libermann, the top rated school in the land and our former secondary school,
because tuitions average 120,000FCFA for the first cycle and 140,000FCFA for the second cycle
at Libermann. However, we have negotiated a deal with the management of the school, and they
accepted to forgive the difference between the actual tuitions fees and the scholarship amount if
the students’ parents cannot afford to pay for it.
Tertiary Scholarships
Most universities in Cameroon are public institutions, and their tuitions are capped at
50,000FCA a year. However, because college students usually do not live at home anymore, they
have to pay for rent, utilities, foods, clothes, all those extras that were previously provided by
their parents. Getting a job to cover those costs is not easy in Cameroon. For any job, even the
smallest one like working at a gas station or tutoring younger students, it is important to know
the right people. Therefore, a lot of college students struggle to make ends meet during their
studies and after their studies. To try to meet this need, Excolliber will propose 20 scholarships
of 150,000CFA during its two first years of operations. In addition to that, we will also offer 3
scholarships of 1million FCFA each to meet the tuitions requirements of the Catholic University,
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which is one of the best regional universities, and of the new Dschang School of Medicine,
which is starting to distinguish itself as one of the bests in the region. For outstanding students
who want to study in a field that is not common in our country, we will award one scholarship of
15 million FCFA per year (about $33,000) for studying abroad in a developed country. To
qualify for this abroad scholarship, students will have to agree to come back home after they
finish their studies. They will also have to send the organization a certification of enrollment and
a transcript for each semester, as well as the bill from the university. They will also have to agree
to maintain a certain grade average that will depend on the field they will study and the country
where they will study.
Free Tutoring Services
Class sizes in Cameroon are pretty big. In my hometown, at the primary and secondary level, a
teacher will usually be teaching about 100 pupils at a time. While this average is valid in the
other big cities of Cameroon, it tends to go down to about 55 pupils per teacher in rural areas2.
At the tertiary level, classes are usually at least 300 students big. These low ratios of teachers to
students mean that many students will have problem following in class because the teachers
cannot pay much attention to any one. Most parents who have the means usually hire tutors for
their children. However, students coming from poor families do not have this luxury, and at most
they can rely on the sometimes limited knowledge of their elders to succeed in class. To address
this need, Excolliber will be providing free tutoring services to underprivileged students. This
service will operate out of a former dormitory building of College Libermann that has been
graciously loaned to us free of rent by the administration of the school for this purpose.
2
Statistics for this project were taken from World Bank, UNICEF, and UN reports.
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Career Services
To complement tertiary scholarships, the organization is proposing to offer career services to
college students. This type of service is presently unavailable in the country, and we think that it
may be part of the reasons why college students have difficulties finding jobs or internships. We
will offer college students resume advice and critiques as well as interview tips and rehearsals.
We will also develop a database with of students’ resumes that will be consulted by prospective
employers. We believe that we will be successful offering career services to college students
because among ourselves we have one of the most extensive networks of people in the country.
Many of the members of the group are related to executive officers in big companies or to the
prominent business people in the country, and those ties are in both the private and public
sectors. Because of these relationships, we have been able to get 20 companies to commit to use
our career service center for some of their recruitments’ needs. We expect to be able to extend
that number to 50 companies by the end of this year.
Services for Teachers
Generally around the world, teachers are not rewarded well enough for their services to the
future of the countries they belong to. Cameroon is certainly not exception to that rule, and in
fact, it is even worse than in most other nations. Not many teachers in the country are able to
provide for their families with the salary they receive. Even in our former high school which
gives one of the highest pay to teachers in the country, many of the teachers have to teach at
many different institutions as well as offer paying tutoring services to groups of students. Others
simply have a second job that pays much better than their teaching job. Sometimes, teachers are
tempted to exploit their students to make ends meet. Some will only pass students that have
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given them a bribe for the year or who have bought the exercise book they have made up. These
trials the teaching body is exposed to are diverting young people away from that career choice,
posing a problem for future generations. More immediately, they are negatively impacting the
quality of education around the country since most teachers do not consider it worthy to put
much efforts in their teaching if they are going to be underpaid and unappreciated. To try to
remedy to that, Excolliber will offer 10 awards of 300,000FCFA (about $660) each to
outstanding teachers during its two first years of operations, with the goal of being able to extend
50 awards by the fifth year. This may not seem a lot, but it is half the average salary of teacher in
Cameroon, 600,000CFA per year.
Notes on the scholarships/awards assignment process
To be the recipient of a scholarship or an award, a candidate must be nominated either by
himself/herself or by someone else (teachers, classmates, relatives for students, and co-workers,
students, and relatives for teachers). The nominations will then be reviewed by a committee that
will determine if the candidate is good enough to win the scholarship or award. The criteria used
for this step will encompass, among others, the grade average, teachers’ opinions, classmates’
opinions, and personal statements for students, and students and co-workers’ opinions for
teachers. There will be three committees of five people for each educational level. For both the
primary and secondary scholarships, each committee will pick out one candidate, and those three
will then vie for the same scholarship. At the tertiary level, there will be one committee for each
of the different types of scholarships given. These committees will each select three finalists. The
applications of all the finalists will then be forwarded to a super committee of nine people that
will ultimately decide which candidates will win. In the case of teachers’ awards, all the
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committees at each level will jointly choose ten candidates as finalists, and then the super
committee will determine the winners.
Equipment donations to schools
Each year, Excolliber will choose three to five schools to make donations to. These donations
will either be for books to replenish depleting school libraries, for school supplies and basic
maintenance equipment, for computers and other electronic equipment to allow students and
professors to be more up to date with current technology, and for laboratory equipment. Each
year at least 10,000,000 FCFA ($22,000) will be set aside to partly finance those donations.
However, to fulfill those donations to schools, Excolliber will partner with some local companies
and some other schools in the developed world to provide for some of the material. For example,
two universities in Europe have already agreed to give us outdated equipment they do not use
anymore. While that equipment might be outdated in Europe, it will certainly be a big leap
forward for many schools and universities in Cameroon. Also, we already achieve a partnership
between College Libermann and the University of Troyes in France that will result in College
Libermann receiving whatever chemical, physic, or biological laboratory equipment the
University of Troyes will deem obsolete for their students each year. At the same time, each
summer, the University of Troyes will welcome College Libermann’s teachers of science fields
to perfect their formation and update them on laboratory demonstrations. To qualify for this
donation program, the schools will have to demonstrate that they are already making an effort
themselves to improve the quality of teaching at their institutions, and they will have to prove the
extent of their needs as well as the reasoning they use into prioritizing them. Excolliber will also
collect books from bookstores and libraries of the developed world that do not know what to do
of their old or extra copies of educational material.
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Expansion and Ultimate Goal
As stated above, we want our charitable activities to be expanded to the rest of the country as
well. For this, we are planning to extend the same services we will be providing in Douala
starting in 2010 first to the other key cities of Cameroon, Yaoundé, Garoua, Bafoussam, Buea
and Ngaoundere, by the third year of operations. Activities should be extended to the rest of the
country on the fifth year of operations. Broadening Excolliber’s activities to the whole country
will make the competition for scholarships and awards harder. We will be offering an additional
number of scholarships and awards with each expansion, but that number will be contingent on
the extra money the group will be able to get from its financial activities. Appendix 1 the cash
flows predictions for the next five years, gives a rough estimate of what we expect to be able to
do.
FINANCES
One of the big concerns for this endeavor to be successful is the funding of the association.
Excolliber expects to finance its activities in three ways: annual memberships’ fees, private
individual donations, and corporate donations.
Annual Membership Fees
It is common sense that when people’s money s involved, they tend to be more careful and more
engaged into the success of the particular operation they are investing in. Partly because of this
fact, we believe that making membership to Excolliber an annual fee will in fact help make
controlling and monitoring the activities of the group much easier. The other reason of making
this a paying membership is the fact that we set up this association to give back to our
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community, therefore it would not make any sense if we were merely using the money of other
people to finance our activities. It would have shown that we were not dedicated to our cause
enough to actually bleed for it, and this would put into questions our reasoning for the benefits
we believe our enterprise will bring to our city, our country. Having decided on annual
membership fees, the biggest question was then the actual annual cost of a membership. Because
we knew that in our Libermann community, even though most of us are better off that the rest of
the Cameroonian population, we still count some people that are less fortunate than others, we
try to set the bar low enough to allow most of our members to contribute, but also high enough
so that we could pool a considerable amount of money just using our members. As a group, we
decided to set the membership to 50,000 FCFA per year, or about $110. People will be
welcomed and encouraged to give more than that if they can afford to. Since our group already
counts 420 members, then we are guaranteed to have at least start-up money totaling 21million
FCFA for the first year. The income statement in the appendixes gives more precise estimations
for members’ contributions over the first 5 years of operations.
Private Individual Donations
Members’ contributions are one way we are planning to finance our activities. Another way will
be to actively seek monetary donations from individuals not belonging to the association. Here,
the targeted population will be former students of College Libermann who may not want to be
associated with the group but may be interested in making intermittent donations for the
functioning of the group. Also, our relatives will be targeted for donations to the group, since
most of the time they will be able to afford giving money away without suffering from it, and
executives of companies (medium to big), will be targeted for personal donations. We are
expecting to generate about 15 million FCFA ($33,000) the first year from private donations,
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with donations ranging anywhere between 10,000 to 1 million FCFA. Predictions for revenues
thus generated are detailed in the 5 year cash flows statement.
Corporate Donations
For many non-profit organizations, corporate donations are an important mean to generate cash
to operate, and Excolliber will certainly be no exception to this rule. We have already been
engaging in dialogues with many executives in the country to get them to make a commitment to
our association. We have already succeeded in getting 25 companies to agree to make annual
financial contribution and/or equipment donations for at least five years. However, the
companies can get out of the agreement if the actual results of our operations do not match what
we have promised them to deliver. After five years we will have to renegotiate the agreements
with those companies. The cumulated contribution of those companies for the first year amounts
to 18 million FCFA ($39,600). We expect to be able to attract more companies as time will go
by. Again more details on the expectations on corporate donations for the first five years are
given in the Balance sheet statement.
Fundraising Events
Relying on members’ contributions and private and corporate donations for the operations of the
group did not seem to satisfy most of the group members because the majority believed that there
was another way to generate extra cash without incurring much risk: fundraising events. The
main reason many of us believe that fundraising events will be a great way for us to raise
additional money is the fact that for the seven years we spent studying at College Libermann, we
had to organized many events every year. Most of those events were set up to generate money
for our community services, but some of them were just organized for fun. At any rate, this
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experience allowed many of us to develop an expertise and the necessary contacts to organize
events and realize a generous return from them. For the first year, we plan to be spending 10
million FCFA to organize those events to get 15 million FCFA in return. The fundraising events
will include concerts, sports’ tournaments, galas, and balls.
Investments
Not only do Excolliber has to worry about how to get its funding, but we also have to worry
about where we will keep the money. Because African countries are unstable and their financial
systems not well developed, many companies, as well as non-for-profit organizations, keep some
of their cash in developed countries. Since the CFA franc is pegged to the Euro, we are thinking
about using one or two banks in the European Union. Which countries we finally choose will
depend on the advice our financial advisor will give us. We will also hold a small amount of safe
securities like US Treasury bills.
CHALLENGES AND RISKS
Any organization faces challenges in its line of operations that vary with the line of business and
the environment it is in. At Excolliber, the main source of our challenges will be come from the
problem of corruption and lack of trust that is pervasive in Cameroon. This negative climate will
affect the way the association will manage different areas of the business.
Marketing
In addition to having to reach out to its members to collect the membership’s fees, Excolliber
will have to reach out to external donors, individual or corporations, and to prospective
scholarships and awards’ recipients. Therefore, three different marketing strategies have been
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developed to address those three different segments. To be able to get the most contribution from
our members, we will have to develop a database that will compile what is known about each
member that make him or her commit money to a cause, how often do they need a reminder
about submitting their contribution according to past trends, and what events can lead them to
make a contribution over the suggested amount. It will also be important that the database has as
much financial information about the each individual as possible without infringing on their
private life so that we can determine who can potentially give more money in our organization to
our cause. We should also develop a list of prospective individual donors not linked to our
association that can be convinced to donate some money or material to us. The list should be
divided into groups according to the predicted difficulty of rallying those individuals to our
cause, and strategies will be developed to address each of these groups. The same thing will be
done for prospective corporate donors. Prospectus about the objectives and operations of the
association will be given out to any potential donor, and the people who will be send out to meet
potential donors will be prepared by the marketing team for their meeting according to expected
response of the potential donors.
Staff
To work properly, the association will need to have a fleet of at least 15 full-time staff members
in addition to the 50 members who volunteered to work part time for the organization. We will
need a receptionist, some clerks to handle the different applications we will be receiving,
committees’ members to review the applications and select finalists and winners, events’
planning staff, an accountant, and a payroll manager. At all these positions, there is a risk that
corruption might negatively impact our operations, because people are used to live through
bribes now. Establishing a control system to make sure that corruption is not affecting our
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operations is one of the challenge we have yet to determine how to handle because it is
impossible and counterproductive to have someone check the work that someone else is doing all
the time. However, we will establish a random check system to evaluate the work of the staff
members, and we will poll scholarships and awards applicants on the quality of the service they
receive.
Communication and Technology
Members of the Excolliber group are dispersed all over the world. This therefore makes
communication a big issue with the group since we cannot have general meetings where we can
all exchange ideas and go over the operations of the group. To resolve this issue, we are using
our Yahoo group page as the principal mean of communication, but this is sometimes not
appropriate when we want to have live discussions. The group page must be maintained and
monitored at least once a month to make sure that information is properly distributed to all the
members and to get appropriate feedback. Except for communication issues, we will not be using
much technology. We will have some computers for our daily operations and some for the
tutoring services, and we will need to do some maintenance and upgrading on them from times
to times. The major concern here will be establishing and maintaining our network, but we will
hire a consultant for this purpose.
Management
A critical point for the success of this endeavor is management. Not only the group has to
determine who will be best qualified to fill the top positions in the organization, but we also need
to establish a system that will allow us to control the activities of the managing team and to
evaluate the performance of the association in rendering its services. For the moment we have
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agreed that people will be elected at a management position for a period of two years, and that
mandate can be renewed. Some of the key officers have already been elected, and elections for
the remaining positions will be held on July 1, 2008. Candidates should announce which position
they are postulating for on the Yahoo Group page and submit a statement explaining why they
qualify for the position no later than June 15, 2008. The organizational chart in the appendixes
shows which positions are currently available.
Evaluating Excolliber’s performance
Any organization, whether for profit or not, should have a system to evaluate its performance in
order to be able to judge if the organization is achieving its goals, which will help determine the
next steps of the organization. In the case of Excolliber, we cannot evaluate our performance by
simply looking at our ability to deliver our services. We will certainly do that and look at our
ability to stay within our budget, but we will also look at how many new donations and new
members the association will be able to attract each year and see how they compare to our
forecasts. We will look at the change in the number of applications for scholarships and awards.
We would like to see at least a 10% increase in the number of applicants in the same region. We
will look at our effectiveness in generating cash from our fundraising activities, which will
hopefully result in a return of at least 50% each year. In a more subjective way, Excolliber
performance will also be evaluated by how much more effort we feel schools in general are
putting to improve the quality of education they offer to their students. The management team
will have to deliver an annual report on the operations and performance of the association to the
members. That report will also be available to private individuals and corporate donors upon
request.
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CONCLUSION
Excolliber is an exciting adventure that promises to be a difficult challenge to its management
team. To be successful, the group will need the input and support of all of its members. While we
do not believe that this operation will immediately improve the standards of living or even
immediately lower the level of corruption in Cameroon, we definitely believe that it would be a
step into the right direction. We believe that giving the Cameroonian population an alternative to
life as they know it now could be right stimulator for our economy, our society. It will give hope
to people that they can indeed succeed in our country without coming from one of the rich
families or from the right tribe. It will hopefully allow people to dream and to dream big about
their future, and this should spur a spirit of entrepreneurship in the Cameroonian people.
One of the most frequent questions I have received about this project is about partnering with
organizations that promote education around the world. While we do not deny the importance of
those organizations worldwide and might in fact seek a partnership with one of them later on, we
believe that we should start this project on our own first. This is because of two main reasons.
First, having the success of this operation solely depends on our shoulders will put upon us more
pressure to succeed. Since our own money will be involved and since we will not be able to
blame other people in the case of a potential failure, we will be more focused on reaching our
goals, and an informal control system will develop to make sure that every one is doing what he
or she is supposed to do and doing it well. Second, we believe in a French saying that claims that
God will help those who help themselves. Therefore, we believe that if we, the Cameroonian
people do not try hard enough to get out of our lethargy, there is no reason for other people to
help us get out of our misery. Hopefully the path we have chosen will someday prove that we
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were right in our assumptions. Hopefully, our endeavor will be successful, not for our own sake,
but for the sake of our country and our continent. If we fail, at least we would have tried.
MAP OF CAMEROUN
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APPENDIXES
Financial Statements
Cash Flow Statement: Appendix I
Statement of Cash Flows
Year 1
Cash Flows from Operating Activities
Cash Received from
Members
Cash Received from Private donors
Cash Received from corporations
Cash generated by fundraising events
Scholarships Paid
Teachers' Awards Paid
School Supplies and material Paid
Cash Paid to employees and overhead
Net Cash from Operating Activities
Beginning Cash Balance
Ending Cash Balance
Year 2
22.00
15.00
18.00
5.00
(27.00)
(3.00)
(20.00)
(7.50)
2.50
0.00
2.50
Year 3
25.00
20.00
24.00
6.00
(27.00)
(5.00)
(25.00)
(8.00)
10.00
2.50
12.50
Year 4
31.00
28.00
55.00
15.00
(60.00)
(8.00)
(40.00)
(15.00)
6.00
12.50
18.50
Year 5
42.00
45.00
78.00
23.00
(92.00)
(14.00)
(55.00)
(19.00)
8.00
18.50
26.50
60.00
68.00
100.00
22.00
(145.00)
(20.00)
(70.00)
(25.00)
(10.00)
26.50
16.50
Operating Statement: Appendix II
Operating Statement (in millions of FCFA)
Year 1
Year 2
Year 3
Year 4
Year 5
Changes in Net Assets
Revenues and Gains
Membership fees
Private Donations
Corporate
Donations
Fundraising
Revenues
22.00
15.00
25.00
20.00
31.00
28.00
42.00
45.00
60.00
58.00
18.00
24.00
55.00
78.00
100.00
15.00
70.00
18.00
87.00
29.00
143.00
43.00
208.00
57.00
275.00
Scholarships
Teachers' Awards
School Material
General
Administration
Fundraising
27.00
3.00
20.00
27.00
5.00
25.00
60.00
8.00
40.00
92.00
14.00
55.00
145.00
20.00
70.00
7.50
10.00
67.50
2.50
0.00
2.50
8.00
12.00
77.00
10.00
2.50
12.50
15.00
14.00
137.00
6.00
12.50
18.50
19.00
20.00
200.00
8.00
18.50
26.50
25.00
25.00
285.00
(10.00)
26.50
16.50
Total Revenues
Expenses
Total Expenses
Increase in Net Assets
Net Assets a Beginning of Year
Net Assets a Ending of Year
Fimbi Ndedi 22/22
Balance Sheet: Appendix III
Balance Sheet
Year1
Year 2
Year 3
Year 4
Year 5
Assets
Cash
Total Assets
Liabilities and Net Assets
Liabilities
Net Assets
Total Liabilities and Net
Assets
2.5
2.5
12.5
12.5
18.5
18.5
26.5
26.5
16.5
16.5
0
2.5
0
12.5
0
18.5
0
26.5
0
16.5
2.5
12.5
18.5
26.5
16.5
Organizational Chart: Appendix IV
President
IT Specialist
VP Finance
Head accountant
VP Marketing
Head internal
Head external
Head Event
outreach
Outreach
Planner
Staff
Staff
VP
VP of scholarships
VP of equipment donations
Fundraising
And awards committees
Committee
Staff
Staff
Staff
VP administrative
resources
Payroll Manager
Staff
Vice-President Positions: Finance, Marketing, Fundraising (open), Scholarships and Awards
Committees (Open), Equipment Donation Committee (Open), VP Administrative Resources
(open). All the leader positions below the VP positions are open except for the Head of Internal
Outreach position.