WHERE DOES IT COME FROM, WHERE DOES IT GO?
The Troubador Money Trail  (back due to popular demand)
Fiscal Year  7/1/2001-6/30/2002

TOTAL INCOME: $37,766
Individual Donors:  64%
***Government Grants: 13%
Project Troubador Grove Festival: 12%
Foundation Grants:  5%
Business Support:  4%
Interest: 2%

TOTAL EXPENSES: $22,661
***Program:  59%
Fundraising/Promotion: 19%
Administrative Salary:  8%
Office Expenses:  8%
Continuing Education:  6%

***please note that most of the expenses concerning Project Troubador's August '01 trip to Benin were paid directly to the American Cultural Center in Cotonou, Benin, from the U.S Department of State, therefore not included in our financial statement.