2024 ANNUAL REPORT
Strategic Highlight
Developed a relationship with Amazon’s Vine Program to receive donations in exchange for product reviews.
Financial Highlight
Started raising funds by solicitation of donations via sponsored gaming events and though the offering of in-kind donations as incentives for donations.
Operating Highlights
This year BLANCHARDTECH was able to provide services to 8 organizations, including raising the number and value of in-kind donations on their behalf. This included providing $3138.06 worth of items to Putting for Miracles, and $1562.65 worth of items to Cocoa Kitties.
“We Strive to Help Our Community by Supporting Groups That Make the Lives of Children and Pets Better.”
Looking Ahead
In 2025, we are going to be slowing down the base of in-kind donations to just Putting for Miracles and Cocoa Kitties and concentrate more on providing technical service to other community-based events.
Christopher A. Blanchard Director
March 1, 2025
FINANCIAL STATEMENTS
Statement of Financial Position
Statement of Cash Flows
INFLOWS
|
Donation: Cash |
1,232.61 |
Donation: In-Kind |
23,270.59 |
TOTAL Donation | $24,503.20 |
TOTAL INFLOWS | $24,503.20 |
OUTFLOWS
|
Banking Fees |
5.10 |
Donations Disposed |
2,045.41 |
Donations Used as Incentive |
7,801.87 |
Donations Distributed |
7,075.50 |
Event Items |
4,431.26 |
Misc. Expenses (Business) |
12.17 |
Non-Profit Financial Support |
200.00 |
Office Expenses (Business) |
786.69 |
Prof and Legal Fees |
15.00 |
Supplies (Business): Event Assets |
22.49 |
Supplies (Business): Office Supplies |
1,348.83 |
TOTAL Supplies (Business) |
1,371.32 |
TOTAL OUTFLOWS |
$23,744.32 |
OPERATIONAL CASH FLOW BALANCE |
$758.88 |
Statement of Equity 2024
EOY Cash on Hand |
$231.95 |
EOY Inkind Donations |
$530.73 |
NOTES TO FINANCIAL STATEMENTS
Debt
BLANCHARDTECH strives to remain debt free. As such we take on no debt and operate only on a cash basis. At no point is anyone involved with BLANCHARDTECH permitted to take out loans, lines of credit or credit cards as per our organizing documents.
Debt Concerns
Because of the Financial Policy of BLANCHARDTECH, we remain debt free and have no concerns about acquiring new debt.
Financial Concerns
The largest concern of BLANCHARDTECH is the ability to maintain steady cash flow. While there will never be a debt thanks to our Financial Policy, failure to maintain a steady cash flow could result in us having to limit our ability to assist other organizations.
Contingent Liabilities
There are no contingent liabilities thanks to strict enforcement of our Financial Policy.
Takeaways
BLANCHARDTECH is committed to assisting as many organizations as our resources permit. Our ability to assist is impacted directly by the support we receive.