Income Statement: January 1, 2008 to December 31, 2008

Revenue Donations from our 3 major contributors: Pete and Joan Hirsch Pat and Geri Hirsch Leo and Kristen Hirsch $8100.00 Donations from other contributors $1680.00 All other revenue $0 Total Revenue $9780.00		Expenses Tuition payments $3350.00 After school tutoring and English tutoring $1400.00 Support 4 year college students $1600.00 School equipment upgrade and repair $1380.00 Student job start and visa expenses $650.00 All other student and teacher expenses  $330.00 Orphanage $1700.00 Money transfer fees $262.25 All other misc expenses $32.00 Total Expenditures $10704.25 NET GAIN (REDUCTION)  ($924.25)

Balance Sheet: Year Ending December 31, 2008

Assets
Cash balance at end of previous year	$9521.39
Cash increase or (decrease) from current year	$924.25
Accounts Receivable	$0
Other	$0
Total Assets	$8597.14
Liabilities
Accounts Payable	$0
Grants Payable	$0
Loans and Notes	$0
Total Liabilities	$0
FUND BALANCE	$8597.14
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