Zakat Foundation™ Algeria is a nonprofit organization dedicated to serving the needs of the less fortunate members of society. Founded in 2003, the organization has been providing aid and assistance to people in need for over a decade. The foundation's mission is to alleviate poverty and suffering, promote self-sufficiency, and empower individuals and communities.
One way Zakat Foundation™ Algeria measures its impact is through its annual reports. These reports provide a detailed account of the organization's activities, achievements, and financial performance over the past year. In this article, we will review Zakat Foundation™ Algeria's annual report for 2009 and examine its key highlights and accomplishments.
Overview of Zakat Foundation™ Algeria's Activities in 2009
In 2009, Zakat Foundation™ Algeria continued to carry out its core programs and initiatives. These included:
Zakat Distribution Program: The foundation distributed zakat funds to individuals and families in need across the country. The funds were used to provide food, clothing, shelter, and other essential items to those in need.
Orphan Sponsorship Program: The foundation provided financial support to orphans, enabling them to attend school and access basic needs such as food, clothing, and medical care.
Microfinance Program: The foundation provided microloans to small business owners and entrepreneurs, helping them start or expand their businesses and improve their economic situations.
Emergency Relief Program: The foundation provided emergency assistance to those affected by natural disasters, such as floods and earthquakes, as well as man-made disasters, such as wars and conflicts.
Highlights of Zakat Foundation™ Algeria's Accomplishments in 2009
Zakat Distribution: In 2009, the foundation distributed over 6,000 zakat payments to individuals and families in need, totaling over $1.5 million. These funds were used to provide food, clothing, shelter, and other essential items to those in need, helping to alleviate poverty and suffering.
Orphan Sponsorship: The foundation sponsored over 500 orphans in 2009, providing them with financial support for school fees, uniforms, and other basic needs. The foundation also organized activities and events for the orphans, helping to provide them with a sense of community and support.
Microfinance: In 2009, the foundation provided microloans to over 200 small business owners and entrepreneurs, helping them start or expand their businesses and improve their economic situations. These loans enabled individuals to become self-sufficient and provide for themselves and their families.
Emergency Relief: In 2009, the foundation provided emergency relief to those affected by natural disasters, such as floods and earthquakes, as well as man-made disasters, such as wars and conflicts. The foundation's emergency relief efforts helped to provide immediate assistance to those in need and alleviate suffering.
Financial Performance in 2009
In 2009, Zakat Foundation™ Algeria received over $2 million in donations, with the majority of the funds coming from individual donors. The foundation's total expenses for the year were just over $1.8 million, with the majority of the funds going towards program activities.
The foundation's financial statements were audited by an independent auditor and found to be in compliance with generally accepted accounting principles. The foundation also maintained a healthy financial position, with total assets exceeding total liabilities.
Conclusion
Zakat Foundation™ Algeria's annual report for 2009 showcases the organization's commitment to its mission of alleviating poverty and suffering, promoting self-sufficiency, and empowering individuals and communities. Through its core programs and initiatives, the foundation was able to provide assistance and support to those in need across the country.
The foundation's accomplishments in 2009, including distributing over 6,000 zakat payments,
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