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Beneficiaries and Financial Information
This is the place that we will disclose our donations
received, distributions made and expenses paid.
REDEFAS is new.
May ’07 –
Conceptualization by Founders
May-June –
Canvassing for support, legal analysis and other due diligence
July ’07 –
Apply for Incorporation, Business Licenses, FEIN, Non-Profit
Determination.
July 21, ’07 – Certificate of Incorporation a Washington
Non-Profit Corporation
UBI
Number 602-746-203
FEIN
26-0569836
July ‘07 – present - Documentation
preparation, education materials development,
Website
development, etc.
We have been supplied with some material needs such as, this
website, the graphics work on the logo, and time on the part of some
individuals.
We intend to be online and collecting donations by Sept. 1st from Real Estate
Transactions, and making our first distribution during 4th Quarter,
’07. We will post the amounts received (total) and the distributions made and
to what organizations. All financials will be available at all times, and
REDEFAS’ books will be kept by a third party, independent, accounting firm
(volunteers?). REDEFAS will report to Charity Navigator and other reporting
agencies.
2
Projects that we are committed to for the next Distribution:
1) 285K Feeding Meal Marathon 90%
of Disbursement
2)
Malawi Farm Purchase 10% of
Disbursement
Scroll Down for Descriptions of
these projects
In the
meantime, you can donate now and/or help us contact Real Estate
Professionals. Please pass this info on, or link it to your site!
Our goal is to distribute more than 100% of donations received, though it will
not happen for a while. The way we intend to do that is along the lines of
other non-profit models, that let their moneys "work" for a while,
and be able to cover the expenses of the operation from the interest earned.
This is down the road maybe a few years, but that is our goal, nonetheless.
About 285K
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The
285K is an event that brings the entire community together to package 285,000
(285K) meals for famine-stricken children around the world. One 40-ft. shipping
container will hold 285,000 meals and will feed at least 1,000 children for an
entire year! Children of the Nations uses this special food to care for the
daily nutritional needs of the children in their care. This 285K "Meal Marathon
" is a great group event with an incredible cause!
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About the Malawi Farm
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COTN has been given the opportunity to
purchase a 350-acre farm.
Chichere Farm (pronounced chee-CHAIR-ee), is a working farm
located just outside the town of Machenji. It is nestled at the base of a
mountain and is enclosed by a river, which provides year-round water, a luxury
in drought-ridden Malawi. Besides eighty
acres ready for crops, there are hundreds of acres of natural pasture and
forestland perfect for grazing livestock. The farm includes an irrigation
system, nine barns, staff and guest housing, a school, and farm machinery. It
also includes four fish ponds.
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As part of the purchase agreement, the current farm manager
has agreed to stay on for one year. He is experienced in farm planning and
production and will work with COTN-MA to develop a
strategic farming plan. Our prayer is that the crops and livestock the farm
produces will not only produce enough food to completely sustain the children
in all our programs in Malawi, but will also produce a
sustainable income for COTN-MA.
Every year we feed thousands of children besides those in
our programs, and every year there are more people than there is food. It is
our hope that this farm might help fill the gap and at the same time create an
income to alleviate total dependence on COTN supporters
for Malawi’s feeding programs and allow us to
redistribute funds to reach more kids!
Crops will include maize (corn), potatoes, oranges,
tangerines, bananas, and general garden space for other fruits and vegetables.
A portion of the farm will be utilized as a nursery to plant and raise trees
for resale. Livestock will include goats and cattle. Fish, currently being bred
and raised at our Chitipi Farm, will be transferred to this location. If all
goes as planned, Chitipi Farm will focus on breeding, and fish will be
transferred and raised at Chichere Farm in the four fish ponds.
While the opportunity to purchase the farm is an incredible
blessing to COTN, it comes with a price tag. The total
purchase price and first-year operating cost for the farm is $250,000. A
generous COTN supporter has pledged a $120,000 matching
grant. Join us in our efforts to fully match this pledge. To date, $32,000 had
been received‹only $98,000 to go!! If everyone who reads this gives at least
$50, we can make our match. Literally thousands will benefit from this farm!
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