The questions asked in this section of the application describe your organization’s financial history and current fiscal health. We need to ensure that all organizations to which we provide debt, equity, or grant have the ability and experience to efficiently utilize that capital. We ask different questions depending on if your organization is an enterprise or a non-profit.
In this article, we highlight each of the financial questions we ask in the application, explain why we ask it, address any common concerns around each question and provide you with resources/examples as needed.
If you have any further questions, you add them below as a comment or submit them here, and our support team will try to address them.
Information For Questions Asked
Questions for Non-Profit Organizations
Questions for For-Profit Organizations
Questions for Non-Profit Organizations
Q: Total budget in USD in 2020, 2021 and 2022
Why we ask this question:
An organization's operating budget allows us to understand how much money your organization has managed over the last three years. These data points allow us to gauge if an organization has the ability and experience to absorb a maximum sized grant.
How we define a "budget"? Budget denotes the total amount of money managed by your organization in the given year, converted into USD.
Why do we ask for the historical budget in USD? As an international program operating across different countries, we use USD as a benchmark currency to evaluate all financial plans. We understand that some countries are experiencing rapid devaluation of their currency against the USD. In this scenario, use the official exchange rate on January 1 of each of the years.
Q: Upload your organization’s 2020, 2021, 2022 budget.
Why we ask this question:
By uploading your organization's financial statements, we can verify that your totals reported are accurate and we can gain a deeper understanding of your organization's ability to track your finances accurately and transparently.
In what format should budgets be uploaded? We prefer financial statements in a spreadsheet format (.csv, .xls, etc.) but will accept .PDF files. Do not submit files in any other format.
What should my uploaded budget documents cover? Budgets must detail your entire organization's expenses. You can see an example document here.
Do my budgets need to be audited? Audited budgets are preferred, if available, but are not required at the Expression of Interest stage.
Q: Projected total budget in USD for 2023
Why we ask this question:
We ask for the project total budget to understand how much money you are planning to spend this year. This should not include the money you could be awarded through this grant opportunity.
What should we submit for our budget? For the current year, you can submit the total projected 2023 budget, as approved by your board.
Why do we ask for the budget in USD? As an international program operating across different countries, we use USD as a benchmark currency to evaluate all financial plans. We understand that some countries are experiencing rapid devaluation of their currency against the USD. In this scenario, use the official exchange rate on January 1, 2023.
Questions for For-Profit Organizations
Q: Revenues in USD in 2020, 2021, and 2022
Why we ask this question:
Seeing a company's revenues allows us to understand how much money your organization has generated in gross income over the last three years. These data points allow us to gauge if an organization has the ability and experience to absorb a loan.
How we define revenues? Revenues are the total amount of income generated by the sale of goods or services related to your company's primary operations in a given year, before deductions. Revenues are paid to the company by customers. Revenues do not include grants that paid for any operations. In some countries, revenues are referred to as "turnover."
Why do we ask for the revenues in USD? As an international program operating across different countries, we use USD as a benchmark currency to evaluate all financial plans. We understand that some countries are experiencing rapid devaluation of their currency against the USD. In this scenario, use the official exchange rate on January 1 of each of the years.
Q: Upload your organization's 2020, 2021, 2022 income statement and balance sheet.
Why we ask this question:
By uploading your organization's financial statements we can verify that your totals reported are accurate and we can gain a deeper understanding of your organization ability to track your finances clearly.
What formats can I upload my financial statements? We prefer financial statements in a spreadsheet format (.csv, .xls, etc.) but will accept .PDF files. Do not submit files in any other format.
What should my uploaded financial statements include? Please ensure that you have uploaded all financial information necessary to assess the health of your business. Your upload should include a profit & loss / income statement and a balance sheet.
Do my financial statements need to be audited? Audited financial statements are preferred, if available, but are not required at this stage.
Q: Projected revenues in USD for 2023
Why we ask this question:
We ask for the project revenues to understand how much gross income you are planning to generate this year. This should not include the money you could be awarded through this grant opportunity.
What should we submit as our projected revenue: For the current year, you can submit the number on your annual projections, as approved by your leadership team.
Why do we ask for the budget in USD: As an international program operating across different countries, we use USD as a benchmark currency to evaluate all financial plans. We understand that some countries are experiencing rapid devaluation of their currency against the USD. In this scenario, use the official exchange rate on January 1, 2023.
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