Financial Statements

1. Who holds and reports the funds

Donations are made to Sapibon Foundation in support of UnityReach Global programs. Sapibon Foundation is recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Contributions may be tax-deductible to the extent permitted by law.

2. Basis of accounting

Financial records are maintained on an accrual basis, with revenue recognized when a gift is received or unconditionally promised, and expenses recognized when incurred.

Statements are prepared in U.S. dollars. Expenses paid in Haitian gourdes are recorded at the exchange rate on the transaction date.

3. Statements we publish

• Statement of financial position — assets, liabilities, and net assets at year end
• Statement of activities — revenue, expenses, and change in net assets
• Statement of functional expenses — costs by program, administration, and fundraising
• Statement of cash flows
• Notes describing significant policies, restricted balances, and in-kind contributions

4. Restricted and unrestricted funds

Gifts designated to a program — the Haiti mission, the 100 Children Education Initiative, medical outreach, or clean water — are tracked as donor-restricted net assets and released to operations as the program spends against them.

Undesignated gifts support whatever the mission most needs, including planning, coordination, logistics, and readiness costs that make field programs possible.

5. Volunteer contributions and trip funds

Volunteer mission contributions and fundraising-page gifts are recorded as revenue to the organization and applied to the costs of the mission, including lodging, ground transportation, meals, in-country logistics, supplies, and security.

Volunteer participation amounts are not refundable deposits held for an individual; they are program funds. Refund handling is described in the Donation and Refund Policy.

6. In-kind gifts

Donated medical supplies, equipment, printing, shipping, and professional services are recorded at estimated fair value when that value can be reasonably determined, and are disclosed separately from cash support.

7. Internal controls

• Separation of duties between the people who authorize, execute, and record transactions
• Dual approval for disbursements above thresholds set by leadership
• Card and online gifts processed through a PCI-compliant payment processor; full card numbers are never stored by UnityReach Global
• Field cash advances reconciled with receipts before further funds are released
• An administrative audit log recording changes made to financial and program records

8. Review, audit, and Form 990

The level of external examination — compilation, review, or audit — is determined by leadership based on annual revenue and grantor requirements, and the level applied is stated on each set of statements.

Federal Form 990 information returns are filed by Sapibon Foundation and are public records once filed.

9. Requesting statements

Donors, grantmakers, and partner institutions may request available financial documentation at info@unityreachglobal.org or 954-554-0525. Requests are answered in writing.