Financial

Close the Gap International has financial transparency in its management in order to be able to account at any given moment for the use of the funds assigned to the organisation, whether by third parties, companies, private individuals or public authorities.

Through active fundraising of financial and computer contributions, Close the Gap can guarantee its existence as a financially self-supporting organisation and remain fully focused on its core activities, namely help organisations in developing countries to continuously close the digital divide.

Close the Gap is a not-for-profit organisation partly funded by financial donations from third parties, such as companies, governments and private individuals and is partly funded by her own operational activities, i.e. making computers available to developing projects at cost price. In case Close the Gap is unable to use specific computers from donations, for example because of a mismatch of quality for minimal specifications or because of a significant short time overstock of implacable computers, which would lead to high storage costs, the computers are offered to third brokerage parties or recycled, eventually respecting specific conditions agreed with the donors. These contributions combined with revenues generated from limited contributions from buyers of hardware for developing projects allow Close the Gap to cover its annual operational and administrative costs. The generated positive results will be used to support sustainable projects in developing countries where there is a clear need for IT-solutions but where no (or too small) budgets are available to pay for the out-of-pocket expenses for the refurbished computers.

In order to keep its operational costs as low as possible, Close the Gap mainly relies on in-kind contributions for most of its activities, from printing to web design and transport. In addition, Close the Gap receives support from a number of volunteers.

The Board of Directors guarantees that all donations to Close the Gap projects are handled in a professional manner and are completely free of profit. In order to guarantee that all sponsoring funds are used as intended, Close the Gap is audited on a yearly basis by a registered and independent auditor, PKF.

The balance sheet and income statement of Close the Gap, as well as an independent auditor’s report, in which PKF grants an unqualified audit opinion on the 2009 financial statements, are published below.

More detailed financial information can be found in the Close the Gap Annual Report.

Annual Repport 2006
Annual Repport 2007
Annual Repport 2008
Annual Repport 2009
Annual Repport 2010