STATEMENT OF FINANCIAL POSITION 2003 2004

ASSETS

Current Assets $262,657 $428,029Net Property and Equipment 33,799 27,571

TOTAL ASSETS $296,456 $455,600LIABILITIES AND NET ASSETS

Current Liabilities 38,711 38,492NET ASSETS

Unrestricted 130,856 240,208Temporarily Restricted 126,889 176,900

TOTAL NET ASSETS 257,745 417,108

TOTAL LIABILITIES AND NET ASSETS $296,456 $455,600

STATEMENT OF ACTIVITY 2003 2004

SUPPORT AND REVENUES

TEW Foundation/Founder Contributions $160,812 $110,406Other Contributions 524,295 666,863Interest Earned 1,409 1,265Warehouse/Office Space Contributed 67,420 21,245Books Contributed 17,567,028 12,872,222

TOTAL SUPPORT AND REVENUES 18,320,964 13,672,001EXPENDITURES

Program Operating Expenses – Overseas 18,169,387 13,319,017General and Administrative Expenses 160,396 151,130Funding Expenses 50,257 42,491

TOTAL EXPENDITURES 18,380,040 13,512,638

CHANGE IN NET ASSETS – $59,076 $159,363

Year ended June 30, 2004

CASH GIFTS

Your cash, check, or credit card gift to Books For Africa can be designated for aspecific program or directed to where the need is greatest. All gifts are taxdeductible, as specified by law. For your convenience, gifts by credit card can bemade directly online at www.booksforafrica.org.

MATCHING GIFTS

Check with your employer about matching gifts. Many corporations and otherorganizations match employee donations dollar for dollar to the charity of theemployee’s choice.

WILLS AND OTHER PLANNED GIFTS

Books For Africa can be named a beneficiary in your will and receive otherdeferred gifts such as life insurance. These gifts are not subject to estate taxes.

How to HelpSupport Books for Africa

GIFTS OF APPRECIATED STOCK

Books For Africa and you can benefit from gifts of stock (provided you have heldthe stock for 18 months or longer). You can eliminate capital gains taxes, avoidincome tax on the gifted stock, and receive tax deductions for the full value of thestock.

SPEAKERS BUREAU

If your employer, club, or group would like to learn more about Books For Africa’smission and work, please call 651-602-9844 or visit our website atwww.booksforafrica.org.

VOLUNTEER OPPORTUNITIES

Books For Africa relies on volunteers to help sort and pack books, plan specialevents, produce publications, raise funds, and speak to groups. Put your specialskills or talents to work for the children of Africa.

Books for Africa

has sent over 11 million books —millions more are needed.

“Thank you, Books For Africa,for your enormous donation ofbooks! I am very happy to bepart of the team that is makinga difference in the lives ofchildren in the 100 most needyschools in Namibia.”

Stephanie HazenPeace Corp Volunteer

Namibia

Our books are on once-empty libraryshelves, in classrooms in rural schools, and in hands of children who have neverbefore held a book. Children who arehungry to read, hungry to learn, hungry toexplore their work in ways that only booksmake possible.

For more information call 651.602.9844, emailbfa@booksforafrica.org or visit www.booksforafrica.org.

The Charities Review Council, an independent organization that reviews non-profit organizations, has found that Books For Africa has met accountability standards in all four areas:Public Disclosure, Governance, Financial Activity, and Fundraising.Approximately one percent of donated used books are exchanged to secure shipping and large quantities of books.

Freight cost per container: $9,500

Number of containers shipped in 2004: 56

Number of readers per container: 625,000

Number of readers per book: 25

Average cost per reader: 2¢

BFA RECIPIENTCOUNTRIES & NUMBER OF SHIPMENTS RECEIVED

It costs only

38¢ in shipping

to send a book to Africa

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TH

EPRICELESSGIFT

OF

LE

AR

NIN

G

Board of DirectorsDoris Pagelkopf, PresidentLane Ayres, Past PresidentRonald Aminzade, Vice

PresidentDaniel Abebe, SecretaryCarol Birkland, TreasurerThomas Warth, FounderKojo Amoo-GottfriedNance AndersJan ClymerGena DoyscherXavier HelgesenMichael HenleyEmma KasigaGerry MroslaWil OforiAlan SickbertPam Pappas Stanoch

Advisory BoardEugene AllenFrank BabkaLarry BakkenCharles BrownCarol Engebretson ByrneGerald CaputaPatrick HarrisRobin HartwellLaJune LangeJames LenfesteyNorman LinnellVivian MasonSuzanne McCartyDan MelinErich E. MischeJerry PetersonNeal PorterRachel RienscheDavid SchaferJoe K. SelvaggioCynthia Luck ShearerJohn VreyensKaren Wallin

StaffPatrick Plonski, Executive

DirectorDeb McDonald, Assistant

DirectorGinger Wange, Program

Associate-DevelopmentBrad Mattson, Warehouse

Manager

253 East 4th Street, Suite 200St. Paul, MN 55101USA

PHONE: 651.602.9884FAX: 651.602.9848

www.booksforafrica.combfa@booksforafrica.org

Books For A

frica initiated a n

ew partn

ership w

ith th

e Un

ited Nation

sW

orld Food Programm

e and th

e Un

ited States Agen

cy ForIn

ternation

al Developm

ent (U

SAID

) to ship over 400,000 books to W

FPsch

ool feeding location

s across Africa. Tw

o million

dollars worth

of books will be distributed over 12

mon

ths un

der this partn

ership. B

ook shipm

ents

to World Food Program

me coun

try offices inL

esotho, Sw

aziland, Tan

zania, an

d Ugan

da have

already been in

itiated with

man

y more sh

ipmen

ts being

scheduled th

roughout th

e comin

g year.T

his partn

ership builds upon

a $96,000 USA

ID partn

ership

grant com

pleted in 2004 to sh

ip 12 contain

ers of books to Africa, an

d aseparate U

nited N

ations partn

ership w

ith U

NE

SCO

. B

ooks For Africa w

ill contin

ue to develop strategic partnersh

ips in th

efuture w

ith organ

izations such

as the U

nited N

ations an

d USA

ID. T

hese

large-scale projects will provide th

e resources to deliver books in th

een

ormous quan

tities they are n

eeded across the A

frican con

tinen

t. By

leveraging resources at th

is level, Books For A

frica hopes to do m

ore to meet

the education

al needs in

schools, libraries, an

d universities across A

frica.

Steph

anie H

azen, a U

.S. Peace Corps

Volunteer in

Nam

ibia, became in

terested inw

orking in

a third w

orld country w

hen

she m

etin

ternation

al students in

college. Th

is inspired h

erpassion

to serve in th

e Peace Corps an

d with

the

help of B

ooks For Africa an

d a grant from

the

Irwin

An

drew Porter Foun

dation, sh

e was able to

receive a contain

er of 25,000 books to distribute toth

e 100 most n

eedy schools in

Nam

ibia.“I get to see first h

and th

e daily impact th

at the

books have on

the ch

ildren in

Nam

ibia,” saidSteph

anie. Sh

e added, “Th

e books improve th

ech

ildren’s literacy an

d speaking skills im

men

selyan

d the colorful pages brigh

ten up th

eir faces. An

unw

anted book in

the U

nited States is a treasure to

the un

derprivileged children

in N

amibia.”

BFA

is proud to work w

ith Peace C

orpsVolun

teers like Stephan

ie, and m

any oth

erin

dividuals and organ

izations across th

e world to

help th

e people of Africa to h

elp them

selves.

UN

World

Food

Pro

gra

mm

e/U

SA

IDIn

itiativ

e

Pe

ace

Corp

s P

artn

ers

hip

in N

am

ibia

Op

en

➥