STANDING

STRONG

2020 MID-YEAR REPORT

BUILDING OUR OUR VISION:
FLOURISHING GODLY NATIONS
HOUSE ON THE
ROCK
I’ve been spending lots of time thinking about and we’re seeing the fruit of trusting God’s word in
COVID-19, but who hasn’t really? I find my thoughts times like these. What a wonderful foundation this is
revolving around two questions: for the 732,805 students we’ve impacted in the past
six months. What a solid footing for our 2,561 partner
First, “How will we remember this global shutdown in schools as they navigate through this tumultuous time.
10 years?” What a strong bedrock for Edify’s field staff who have
committed to our partner schools in three ways:
The answer will be different for every person, of course.
Some will see this as a critical event in their lives • spiritual support through prayer, biblical counsel,
and others only a small interruption. Some children and encouragement,
might remember the extended quality family time as a • financial support by working to provide deferred
highlight of their childhood. payments on loans and encouraging best business
practices,
My other question is, “How do we prepare for • and physical support by helping them navigate
whatever the ‘next thing’ is?” government relief programs and requirements.

Jesus, in the closing of the Sermon on the Mount, gives I watch as our brothers and sisters around the world
us the answer. walk in incredible faith. They’re no strangers to the
rains and winds. Many countries we operate in have
“Therefore, everyone who hears these words of mine weathered storms of Ebola, civil wars, frequent terrorist
and puts them into practice is like a wise man who attacks, and crumbling banking systems. There will be
built his house on the rock. The rain came down, the more trials and tests. We can be confident of that. But
streams rose, and the winds blew and beat against that His Word helps us build firm foundations so we can
house; yet it did not fall, because it had its foundation boldly face the storms, both now and in the future.
on the rock. But everyone who hears these words of
mine and does not put them into practice is like a In the words of the great hymn:
foolish man who built his house on sand. The rain
came down, the streams rose, and the winds blew and My hope is built on nothing less,
beat against that house, and it fell with a great crash.” Than Jesus Christ, my righteousness,
(Matthew 7:24-27 NIV) I dare not trust the sweetest frame,
But wholly lean on Jesus’ name.
In our first years of operation, many schools
would not have been prepared for the rising On Christ the solid Rock I stand,
tides we’re experiencing today. How can one All other ground is sinking sand,
truly be prepared when we don’t know what is All other ground is sinking sand.
coming? But if our foundation is built on Jesus’
words, we are prepared!

When Edify began 10 years ago, one of our main

goals was to help school proprietors, teachers, and, TIGER DAWSON | CEO and Co-Founder
ultimately, their students develop a biblical worldview;
 WHAT WE DO
Edify comes alongside entrepreneurs who offer quality Christ-centered
education to children in their underserved communities. We partner with them
using three key resources to help improve and expand their schools.

TRAINING
to equip school leaders and
teachers to develop sustainable
Christ-centered schools

LOAN EDUCATION
CAPITAL TECHNOLOGY
to improve and expand to enhance learning
school facilities outcomes and
employability

2020 MID-YEAR REPORT | 3

EDIFY’S MID-YEAR
IMPACT
October 1 - March 31

1,950

2,561
1,213
2018

2019

2020

PARTNER
SCHOOLS
389,407

630,897

732,805
$4.50
$4.98
$7.42
2018

2019

2020

2018

2019

2020

COST PER STUDENTS

STUDENT* IMPACTED
*Cost per student =
total expenditures/total students impacted
A SOLID
FOUNDATION:
PERU

When Peruvian President Pedro Pablo Kuczynski took education is one of the biggest challenges the world is
office in 2016, independent schools faced new hurdles. facing. Schools have closed their doors, and proprietors
The government imposed stiffer regulations for schools are left struggling to pay bills and meet payroll. In
and certifications for teachers. At the time, school March 2020, the Peruvian government announced
directors and proprietors were unsure of how they were they would assist all schools with a subsidy covering
going to meet these new requirements. Registrations 35 percent of teacher salaries during the nationwide
and certifications were expensive, time-consuming, shutdown. This subsidy, however, would only apply to
and complicated, which schools and teachers couldn’t schools registered with the Ministry of Education. Six
afford. years ago, only 30 percent of Edify’s partner schools
would have been eligible for assistance.
“Many of our teachers cannot pay for the required
training that the Ministry of Education is now TODAY, ALL OF EDIFY’S 731 PARTNER
requiring,” shared Emma Carhuachin, a school SCHOOLS ARE FULLY REGISTERED AND
director. ELIGIBLE TO RECEIVE THE GOVERNMENT
SUBSIDIES, equivalent to $1.4 million USD in teacher
In 2016, 8,300 private schools across Peru were salaries!
threatened with closure, including 40 Edify partner
schools, affecting 20,000 students. Across our 11 operating countries around the world,
Edify is committed to schools, proprietors, and students
So Edify sprang into action. receiving the resources they need to grow. Sustainability
matters and that becomes clear in the tumultuous
Gathering teams of lawyers and accountants, our field times of today. Edify, by helping schools comply in the
staff in Peru helped each partner school complete the past, has now offered tangible relief and hope in the
required paperwork. Teachers were able to be certified present. In our vision to see flourishing godly nations,
at an affordable cost thanks to our network of training we know all facets of education matter from payroll to
partners and the help of a local university. With learning outcomes. So, when proprietors and teachers
collaboration and diligence, Edify was able to keep all are supported, students can receive a quality education
40 partner schools from closing. and dream for their future. Steadfast in our mission
to improve and expand Christ-centered education
Today, the pandemic outbreak of COVID-19 has globally, we stand with our partner schools and their
affected every country on earth. The disruption of teachers as we continue to shine hope and unity in the
face of crisis.
2020 MID-YEAR REPORT | 4
 VOICES FROM THE FIELD:
DEEPENING RELATIONSHIPS
During a time of sickness, school closures, worldwide panic, and uncertainty, Edify aims
to be a continual encouragement to our local partners, school proprietors, and staff. Here
is a snapshot from our countries of operation over the past two months.

“ It was such a great and heartwarming moment to have other school

owners join in prayer during this time. Best of all is to think of a
great partner like Edify standing by us in this difficult moment.
– Anastasia Nartey, School Proprietor in Ghana

”
“Mr. Kimenyi William is the headteacher of Melanie’s Christian School
located in Kabuga, Rwanda. During one of our check-in calls...he said
this season has taught him that God is for us, we don’t have to fear.
He felt that God had given us this time to get closer to Him.”
– Callist Kayigamba, Rwanda Country Director

“AT THE END OF MARCH WE HAD A ZOOM MEETING WITH

SCHOOL PROPRIETORS. I SHARED WITH THEM ON HOW TO LEAD
DURING A TIME OF CRISIS. AFTER, A FEW SAID, ‘KARLA, THANKS
FOR THE MEETING TODAY, YOU CAN’T IMAGINE HOW MUCH YOU
ENCOURAGED ME.’”
– KARLA DE PINEDA, GUATEMALA COUNTRY DIRECTOR

“
“Sierra Leone has six networks of proprietors’ fellowships, and all of them have
established a WhatsApp group to reach out to one another. During my call, one
of the proprietors said, ‘We are very grateful to God for using Edify to unify us
and ready to stand with us in this difficult time.’”
– Michael Kamara, Sierra Leone Chrisitian Transformation and Training Officer

2020 MID-YEAR REPORT | 5

STATEMENT OF
REVENUES &
EXPENDITURES
(GAAP)
Mid-Year Ended March 31, 2020

Mid 2020 Mid 2019 Mid 2018

SUPPORT AND REVENUE (non-GAAP)
Individual donors and private foundations $2,648,199 $2,022,220 $1,825,137
Government 0 0 0
Gifts in kind* 86,737 110,171 140,161
Interest income 1,954 0 985
Miscellaneous income 25,272 31,877 29,725
Total support and revenue 2,762,162 2,164,268 1,996,008

EXPENDITURES
Program Services 2,258,251 2,171,395 2,024,115
Funds for Loans to Schools 229,153 230,945 461,506
Total Program Expenditures 2,487,404 2,402,340 2,485,621

Supporting activities:
General and administrative 204,653 203,287 170,744
Fundraising 605,615 536,943 536,734
Total Expenditures $3,297,672 $3,142,570 $3,193,099
REVENUE LESS EXPENSES $(535,510) $(978,302) $(1,197,091)

*Gifts in kind of $86,737 is for donated professional services from the University of San Diego for school leadership training such as
Improving the Conditions for Learning, Leadership for Learning, and Leadership in Early Childhood Programs.

6% 15%

TOTAL PROGRAM
76% EXPENSES 18% 16% ALLOCATION 69%
MY20 MY20

 Program Expenses Training

 G&A Loan Capital
F
 undraising Education Technology

2020 MID-YEAR REPORT | 6

 BALANCE
SHEET
(GAAP)
As of March 31, 2020

Mid 2020 Mid 2019 Mid 2018

ASSETS
Current Assets:
Cash and cash equivalents $628,835 $417,823 $123,820
Restricted cash from donations 1,455,729 1,077,275 870,897
Board designated cash reserve 856,236 589,628 589,451
Notes receivable, 0 0 7,546
current portion
Prepaids and other assets 264,220 247,532 331,085
3,205,020 2,332,258 1,922,799

Long-Term Assets:
Notes receivable, 0 0 4,152
net of current portion
Deposit reserves, collateral for 0 0 45,736
partner loans
Other long-term assets 1,970 403 2,438
Property and equipment - at cost, net 17,263 28,076 34,972
19,233 28,479 87,298
Total Assets $3,224,253 $2,360,737 $2,010,097

LIABILITIES AND NET ASSETS

Liabilities:
Accounts Payable and other liabilities 95,619 218,303 142,560

Net Assets:
Unrestricted 799,406 567,455 372,217
Restricted cash from donations 1,455,729 957,275 870,897
Board designated cash reserve 856,236 589,628 589,451
Net investment in property 17,263 28,076 34,972
and equipment
3,128,634 2,142,434 1,867,537
Total Liabilities and Net Assets $3,224,253 $2,360,737 $2,010,097

Copies of the complete audited financial statements are available on our website.
2020 MID-YEAR REPORT | 7
 www.edify.org

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San Diego, CA 92123