The Aid and Education Project, Inc.

      “ El Proyecto de Ayuda y Educación “

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Financial Facts

          The Aid and Education Project, Inc. is a 501 (c)(3) charity recognized by the Internal Revenue Service.  This means that contributions are tax-deductible on federal and, in most cases, state tax returns for most U.S. donors.  We keep all books and records in accordance with U.S. standards and practices.  We are registered and in good standing with the New Jersey Division of Consumer Affairs.

Our accountant in the U.S. consolidates the books for Guatemala and the books for the U.S. at the end of each year.  Our accountant in Guatemala is independent of other personnel there, and reports directly to us in the U.S. Our yearly U.S. tax returns will be made available to interested parties upon request.

Q:  What are your political and religious affiliations?

A:  None

            We are an independent charity with no political or religious affiliations whatsoever.

Q:  How Much Money Will Go For Overhead and Fund Raising? 

A:  None.

            No public donations are used for U.S. overhead costs, defined as U.S. expenses for office space, office equipment, office supplies, communications, fund raising, legal expenses, accounting expenses, all travel and conference expenses for directors & U.S. officers.  The directors of the organization pay all such costs so that donations go where the donors want them to go, i.e. to the kids and families in Guatemala who need help.

Q: How Much Money Goes for Salaries of Officers, Directors, and Staff in the U.S. ?

A:  None.

            To date, we have no paid staff in the U.S., and we have no plans to add any in the near future.  Furthermore, directors, U.S. officers, advisors, and volunteers receive neither salary nor compensation of any kind for their work with the organization.

Donations

            We are happy to accept monetary donations of any amount.  We are a qualified charitable non-profit organization, unaffiliated with any political or religious group, and all donations are tax deductible as allowed by law.  

            Donations may be given without restrictions, or given for a particular purpose.  A particular purpose might be

• for the Scholarship Program Fund in general
• to sponsor a child in the Sponsorship Program ($360/year)
• to provide routine medical, eye, ear, and digestive tract care
• to buy uniforms, shoes, and backpacks
• to buy school supplies
• to pay for special classes (e.g. computer, art, drama)
• to help buy a used computer for students to share, or
• to buy a new or used musical instrument for a student

            If a donor wants to sponsor a student, we ask that the donor commit to supporting the student for at least one full year.  In addition, to minimize our costs of collecting and accounting for donations, we ask that sponsors make their payments via one yearly payment of $360 or four quarterly payments of $90 each.

In-Kind Gifts

            Many donors have given us valuable educational equipment.  For example, we have received laptop and desktop computers, printers, slide and overhead projectors, educational videos, CDs, books, a VCR, and a television.  All these items are put to very good use in a country where such “luxury” educational equipment is rare.  If you are interested in giving gifts in kind, please contact us for more information concerning our current needs.

November, 2007         

  The Aid and Education Project, Inc.   14 Zander Lane  Randolph, New Jersey  07869   USA  Tel  973-366-3119

   email: info@aidanded.org                                                                                                      www.aidanded.org