A Note on Our 100% Model:
DigDeep commits 100% of every public donation to a water project. We maximize the impact of those donations by leveraging gifts from a special group of individuals, foundations and companies to cover our operating expenses. We call this community The Water Council. In order to make this possible, we break expenses into two categories: Program Expenses and Operational Expenses.
Program Expenses: A program expense is either a direct cost associated with each program, or a support cost associated with each program. For example, a part for a Home Water System – like a cistern or pump – is a direct cost. But those parts must be carefully selected, tested, ordered and installed. The time (as a % of employee's salary) and resources (as a% of office use) spent on that process are considered a program support cost. Program expenses are covered by your donations.
Operational Expenses: Operational expenses are costs required to keep us up and running. They include things like operational salaries, fundraising expenses, web development, and other costs associated with building and maintaining the organization. Operational expenses are covered by the Water Council.
Independent Financial Analysis
The accompanying statements of financial position of The Dig Deep Right to Water Project as of December 31, 2016, and the related statements of activities, functional expenses and cash flows for the years then ended have been prepared by Valerie Wiesen in her capacity as Financial Consultant for The Dig Deep Right to Water Project for management use only.
Our IRS 990 is pending approval. Once it's been uploaded by the IRS, it will also be available here.
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