OUR VISION:
FLOURISHING GODLY NATIONS
TO FLOURISH
OR NOT TO FLOURISH
“In the poorest countries, fewer than one in five
primary school kids are proficient in math and
reading.” This statistic from the World Bank article,
“A Year in Review 2017…” discussing the global crisis
in learning, is difficult for me to wrap my mind around-
that less than 20% of children around the world have
basic reading and math skills. For me, it sure sounds
like the right formula for how not to flourish.
I recently had breakfast with a gentleman who’s been
supporting Edify this past year. I had the privilege of
hearing his story, and what a story it is. He grew up in
a middle-class family on the Texas-Mexico border.
He attended high school and college in Mexico.
He performed very well academically and went on
to medical school. After medical school, he decided
to practice in the United States, completing his medical
residency here. This requires passing the United States
board exams which is very challenging. On top of this,
his training was in Spanish, which presented additional
challenges.
He started studying many books; he told me it was the On my recent trip to Sierra Leone, Edify’s newest
equivalent of an entire set of encyclopedias (if you’re market, I had the opportunity to meet with 90 school
under 40 years old you might not remember these). proprietors. It was an encouraging meeting in which
Feeling confident, he took the test and was completely the school proprietors expressed the importance to not
baffled when his scores were less than satisfactory. He lose heart in providing a Christ-centered education to
had studied so hard. Later, a friend of his asked what children so they can flourish. Keep in mind this is in
he had studied to prepare. He showed him the large the context of one of the poorest countries in the world
number of books. His friend gave him a 120-page that is almost 80% Muslim. These local school
preparatory book with pictures and illustrations. He proprietors understand the importance of a quality
told him, “This is all you need to study.” My friend education and studying the right book!
studied the new book, took the test and passed with
To flourish or not to flourish-that truly is a great
flying colors. In fact, as a result of his high scores, he
question. Often, it is easy for us to ignore the question
went on to Duke University School of Medicine for his
of why people living in underserved countries are not
residency. I concluded that another way not to flourish
thriving, or to answer with, “That’s just the way it is.”
is to study the wrong book.
Does it have to be this way? Or can nations truly grow
Edify believes the best formula to thrive is to receive a to flourish and be how God intended them to be? Will
quality education and to study the right book. In the we be satisfied with countries and children around the
past six months, I have seen our work firsthand in the world who have less than a 20% chance to flourish?
Dominican Republic, Ghana, Guatemala and Sierra
I hope you enjoy Edify’s mid-year report and see what
Leone. It is inspiring to hear the stories of men and
God is doing to bring this vision of thriving to reality!
women who, against all odds, have started Christ-
Thank you for being a part of what He is doing!
centered schools in their communities so that their
students have the opportunity to flourish. Most of the
students had no access to a quality education before
they began attending these schools. TIGER DAWSON | C
EO and Co-Founder
WHAT WE DO
Edify comes alongside entrepreneurs who offer quality Christ-centered
education to children in their underserved communities. We provide three
key resources to help them improve and expand their schools.
TRAINING
to equip school leaders to
develop Christ-centered and
sustainable schools.
LOAN EDUCATION
CAPITAL TECHNOLOGY
to expand and improve to enhance learning
school facilities. outcomes and
employability.
OUR MISSION:
TO IMPROVE AND EXPAND SUSTAINABLE
CHRIST-CENTERED EDUCATION GLOBALLY
2018 MID-YEAR REPORT | 2
EDIFY’S MID-YEAR
IMPACT
October 1, 2017 - March 31, 2018
400,000 1,000
300,000 750
200,000 500
100,000 250
0 0
MY 2016 MY 2017 MY 2018 MY 2016 MY 2017 MY 2018
$7.50
$5.00
$2.50
0
MY 2016 MY 2017 MY 2018
* Cost per student = total expenditures/total students impacted
DOMINICAN REPUBLIC
Starting Year: 2010
Students Impacted: 37,664
ETHIOPIA
Starting Year: 2015
Students Impacted: 41,906
GHANA
Starting Year: 2010
Students Impacted: 74,045
GUATEMALA
Starting Year: 2014
Students Impacted: 8,260
LIBERIA
Starting Year: 2013
Students Impacted: 35,690
NORTHEAST INDIA
Starting Year: 2016
Students Impacted: 11,362
PERU
Starting Year: 2014
Students Impacted: 104,614
RWANDA
Starting Year: 2011
Students Impacted: 48,966
SIERRA LEONE
Starting Year: 2017
Students Impacted: 15,370 Director at ABY Primary School,
Ethiopia
STATEMENT OF
REVENUES &
EXPENDITURES
(GAAP)
Mid-year Ended March 31, 2018
EXPENDITURES
Program Services 2,024,115 1,609,467 1,298,298
Funds for Loans to Schools 461,506 622,183 361,304
Total Program Expenditures 2,485,621 2,231,650 1,659,602
Supporting activities:
General and administrative 170,744 171,352 164,375
Fundraising 536,734 487,293 418,045
Total Expenditures $3,193,099 $2,890,295 $2,242,022
NET REVENUE/EXPENDITURES $(1,197,091) $(489,151) $(426,232)
*Gifts in kind includes 140,161 in donated professional services from the University of San Diego for school
leadership training modules such as Improving the Conditions for Learning, Leadership for Learning, Leadership
in Early Childhood Programs
17% 17%
29%
5%
TOTAL PROGRAM
EXPENSES SERVICES
MY18 MY18
78% 32% Christ-centered
Training
Loan Capital
6 | MID-YEAR
2018 REWRITING
REPORT | 5
THE STORY
BALANCE
SHEET
(GAAP)
As of March 31, 2018
Long-Term Assets:
Notes receivable from schools, 4,152 19,650 38,825
net of current portion
Deposit reserves, collateral for 45,736 45,626 47,532
partner loans
Other long-term assets 2,438 14,358 28,222
Property and equipment - at cost, net 34,972 50,907 44,642
87,298 130,541 159,221
Total Assets $2,010,097 $2,011,494 $2,064,345
Net Assets:
Unrestricted 372,217 560,444 347,865
Board Operating Reserve 589,451 430,338 559,457
Temporarily restricted 870,897 856,358 1,038,970
Net investment in property 34,972 50,907 44,642
and equipment
1,867,537 1,898,047 1,990,934
Total Liabilities and Net Assets $2,010,097 $2,011,494 $2,064,345
Copies of the complete, audited financial statements are available on our website, Edify.org
2018 MID-YEAR REPORT | 6
www.edify.org
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