ANNUAL REPORT-ENGLISH

Nicaragua United States
Carretera Nueva a León Km. 18.5 1000 NW 57th Court, Suite 770
Managua, Nicaragua Miami, Florida 33126
(505) 2269-7163 ext. 300 (305) 374-3391 ext. 100

Ofiplaza El Retiro, Edificio 5 /anfni
Piso 3 / suite 531 /anf
Managua, Nicaragua ANFnicaragua
(505) 2269-7163 ext. 200 ANFnicaragua.org

2015ANNUAL

REPORT

MISSION

ANF's institutional mission is to acquire directly or through strategic partners
the necessary resources to contribute substantially and sustainably with the
objective of reducing the impact of poverty in the lives of the most vulnerable
population in Nicaragua; providing, without a profit, these resources to their
beneficiaries, in an efficient, effective and transparent manner, with the
assistance of a network of local partners.

VISION

A Nicaragua with greater opportunities, self-sufficiency and dignity for the
poorest sectors of the population.

VALUES
God
Solidarity
Generosity
Honesty
Trustworthiness
Responsibility
Respect

OUR 98% of each donation
COMMITMENT
received is used for
programs that fight the
effects of poverty in
Nicaragua.

2% of total expenditures are used for
administration, marketing, and
fundraising.

1

MESSAGE FROM
THE FOUNDERS

Since the beginning, when we started
dreaming about the project that would later
become ANF, we envisioned a Nicaragua
with better opportunities, greater
development and sustainability. We wanted
to be an instrument to achieve a real and
positive change in our beloved country.

We realized that we would not be able to
accomplish it by ourselves and that we
needed the commitment of people that
were willing to invest their time, effort and
resources for the cause. However, we never imagined the number of generous souls, organizations
and good-hearted people that we would be blessed with along the way.

In our fight against poverty and indifference, we have found individuals committed to restore dignity,
hope and faith. Together with numerous organizations, enterprises, donors and friends that have
made this dream a reality, we have been able to create new opportunities and improve the lives of
those who have been affected by poverty. This has changed and enriched our own lives in a way that
we would have never expected.

In this report we want to show in numbers and images ANF's commitment to Nicaragua in the areas
of education, health, housing, water, sanitation, agriculture and humanitarian aid.

But there is still a long way to go. With your support and God's guidance we have no doubt that we
will accomplish ANF's mission and that we will continue helping those in need.

God bless you,

F. Alfredo Pellas, Jr. Theresa Pellas

President and Founder Vice-president and Founder

2

OUR SCOPE

In order to fulfill its mission in the most
efficient way, ANF channels its donations
through a broad distribution network
throughout Nicaragua.

In 2015, this network consisted of 1,219 Nueva Segovia
partner organizations, including NGOs,
schools, hospitals, dispensaries, 16
orphanages, nursing homes,
governmental entities, etc. Madriz Jinotega

37 14

Estelí

35

Chinandega Matagalpa
59 León
149
47
Boaco

14

Managua Masaya Cho

Education 276 22
Health and Nutrition
Water and Sanitation Granada
Housing Carazo 50
Agriculture and Rural Development
Humanitarian Aid 34

Rivas

50

3

RACCN

285

RACCS ANF Programs by Department:

112 Managua
Granada
ontales Carazo
Masaya
18 Rivas
León
RÍo San Juan Chinandega
Matagalpa
1 Jinotega
Nueva Segovia
Chontales
Boaco
Estelí
Madriz
RACCN
RACCS
RÍo San Juan

4

ANF'S IMPACT AND
HISTORIC DATA

ANF strengthens and complements a network of thousands of entities that includes governmental
and non-governmental, religious, private and non-profit organizations to ensure the efficient and
transparent distribution of our donations to the most vulnerable population of Nicaragua.

Since 1992-2015:

Valued at 6,460

$1.78 Ocean Freight
Billion Containers Distributed

Containers distributed
by category:

FOOD 2,303 HISTORIC VALUE

HOUSEHOLD 1,794 $1,375 in Millions
GOODS

MEDICAL 1,338

EDUCATIONAL 1,025

MEDICAL $228 $99 $84

HOUSEHOLD EDUCATIONAL FOOD
GOODS

5

IMPACT 2015

321 Valued at

Ocean Freight $115.20
Containers Distributed Million

INVESTMENT IN
DEVELOPMENT PROGRAMS

in Millions

$6.04

$5.12 $5.26

$3.77

$3.07

2011 2012 2013 2014 2015

Development programs include: community infrastructure
(construction of houses, wells, latrines, water systems, schools,
clinics, etc.), training, technical assistance, agricultural projects,
beekeping and animal husbandry.

6

EDUCATION
PROGRAMS

ANF is commited to improving access to and quality
of education for low income communities throughout
NIcaragua, through the following programs: Food for
Education, Write Your Future, Sit and Learn, Connect
and infrastructure programs.

IMPACT
INDICATORS

47 containers of school supplies

valued at $600,000, benefiting 66,100 kids in 647 schools.

47 Construction of 16 classrooms
16
and improvements in 4 schools, including
3,447 classrooms, and computer labs.

More than 3,447 pieces of
school furniture

distributed in 381 schools, benefiting 3,800
students.

7

86

HEALTH AND NUTRITION
PROGRAMS

The Health and Nutrition Department is
committed to improve the access to and quality of
medical attention received by the impoverished
population of Nicaragua through the following
programs: Healthy Communities, Health for
Everyone, Nutrition for a Healthy Development, and
Eliminating Barriers. ANF has also helped improve
health through the construction of clinics as part of
its community development programs.

IMPACT INDICATORS

61 265,000 15,000

containers medical boys and girls
consultations
of medicine and medical supplies were benefited with educational
were provided by the centers
were distributed, valued at $95.7 campaigns, which included
supported by ANF.
million. proper handwashing, dengue and

malaria prevention, deworming,

144 904 lice removal, best nutritional
practices, environmental care
health centers wheelchairs and handling of garbage.

benefited, including 88 primary and 1,236 mobility assistive 500 boys and girls
healthcare centers, 11 nursing devices delivered.
homes for children and elderly, 29 with malnutrition
hospitals, 3 specialized centers and 1 clinic built
13 delegations from MINSA - improved their nutritional wellbeing
Ministry of Health. and 2 healthcare centers received through comprehensive assistance,
infrastructure improvements. foods of high nutritional value,

vitamins and individual monitoring.

9

10

AGRICULTURE
PROGRAMS

ANF's agriculture programs help the most vulnerable
families in the country become self-sustaining, through
the learning of adequate productive technologies,
which translates into the improvement of family and
community life conditions.

ANF also supports small producers in the marketing of
their farming products. This is done through the
provision of infrastructure for greenhouses and
irrigation systems, farming supplies, tools for crop
handling, specialized training and technical assistance.

IMPACT INDICATORS producers received
farming supplies,
62 training and technical
assistance to cultivate
130 beans and a variety of
high yielding papayas.

producers received 25 producers were benefited
equipment and training with greenhouses and
to develop beekeeping technical assistance to
projects. cultivate vegetables.

11

d

12

HOUSING
PROGRAMS

ANF's housing programs provide impoverished rural
communities with opportunities for development,
improving their quality of living through the
construction of houses, the creation of communities
with medical centers and schools, and the provision
of tools and training that promote food security.

IMPACT INDICATORS

Co-construction of 1,498 287

houses for more than houses

9,000 people. equipped

with solar

panels.

Construction of 3 175 reforestation

multi-use community projects with fruit

centers. trees and vegetable

gardens.

277 families

were supported

with chicken coops

in order to achieve

food safety.

13

14

WATER AND
SANITATION PROGRAMS

The water and sanitation programs seek to
improve the life conditions of impoverished, rural
communities by giving them access to safe drinking
water and sanitary solutions adapted to different
contexts.

IMPACT INDICATORS

1,170 sanitary solutions built
1,220 families provided with access to safe drinking w
6 community wells built
6 community water systems installed in rural commun

15

water
nities

16

BOARD OF DIRECTORS

F. Alfredo Pellas, Jr. President and Founder
Theresa Pellas Vicepresident and Founder
Ricardo Román Vicepresident
Rafael Sánchez Governance Committee Chair
Rubén Díaz Secretary
Vicente Gregorio Treasurer, Finance Committee Chair
Luis Navas Development Committee Chair
Silvio Pellas Programs Committee Chair
Carlos Vicente Audit Committee Chair
Lilliam M. de Argüello †
Agustín Ábalo
Ivette Caldera Esserman
Henry Fernández
Ana María García
Henry B. Howard
Danilo Lacayo
Danilo Manzanares
Edwin A. Mendieta
Carlos Pellas
Carmen Ch. de Pellas
Padre José Ramírez
Frank Robleto
Felipe Rodríguez
Silvio Solórzano
Johnny Sordo
Gabriela Terán
Barney Vaughan

MANAGEMENT

Rafael Sánchez Executive Director
Nicolás Argüello General Manager
Lilliam M. de Argüello † Director of Programs and Projects
Damaris Oporta Director of Finance
Janette Galán Director of Operations
Marisol Almendárez Governance and Development Officer
Claudeth Bequillard Marketing and Development Manager
Roberto Jerez Education and Nutrition Projects Manager
Neida Pereira Community Development Projects Manager
Olga Sánchez Health Projects Manager
Keith Poe Agriculture and Rural Development Projects Manager

17

In Memoriam

Lilliam Monterrey de Argüello

August 1, 1936 August 19, 2015

“ANF is led by God, not the will of men.” 18

AMERICAN NICARAGUAN FOUNDATION, INC

STATEMENTS OF FINANCIAL POSITION
December 31, 2015 y 2014

Assets 2015 2014
Cash and cash equivalents
Securities and other investments $1,974,899 $3,181,625
Contributions and other receivables $1,454,574 $481,657
Inventories $1,849,091 $805,492
Property and equipment, net $13,075,676 $7,562,064
Other assets $519,541 $398,976
$174,357 $244,230
Total assets
$19,048,138 $12,674,044
Liabilities and net assets
$1,495,365 $1,143,851
Liabilities
Accounts payable and accured expenses $820,406 $820,406
$15,178,745 $10,245,221
Net assets $15,999,151 $11,065,627
Unrestricted: $1,553,622 $464,566

Quasi-endowment fund $17,552,773 $11,530,193
Undesignated
$19,048,138 $12,674,044
Temporarily restricted

Total net assets

Total liabilities and net assets

19

STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS
For the years ended December 31, 2015 and 2014

Changes in unrestricted net assets 2015 2014

Revenue: $115,578,006 $82,125,394
In-kind contributions $2,503,163 $1,978,933
Cash contributions and other $1,144,649 $1,458,139
Shipping and handling donated $4,266,494 $3,031,263
Net assets released from restrictions

Total unrestricted revenue $123,492,312 $88,593,729

Expenses: $117,089,370 $86,420,207
Program expenses
Fundraising $577,109 $733,230
Administrative expenses
$892,309 $1,028,039

Total expenses $118,558,788 $88,181,476

Changes in unrestricted net assets $4,933,524 $412,253
Unrestricted net assets at beginning of year $11,065,627 $10,653,374
Unrestricted net assets at end of year $15,999,151 $11,065,627

Changes in temporarily restricted net assets $5,355,550 $3,456,861
Cash contributions ($4,266,494) ($3,031,263)
Net assets released from restrictions $1,089,056 $425,598
Changes in temporarily restricted net assets $464,566 $38,968
Temporarily restricted net assets at the beginning of year $1,553,662 $464,566
Temporarily restricted net assets at the end of year $6,022,580 $837,851
Change in net assets

Net assets at beginning of year $11,530,193 $10,692,342

Net assets at the end of year $17,552,773 $11,530,193

*The full report of the audited financial statements is available at: www.ANFnicaragua.org.

20

OUR APPRECIATION

Partners and Strategic Associates From $50,000 to $99,999 Rafael & Ana Lorena Sánchez
Ruben Díaz
Alfredo & Nena Pellas Saddy Abaunza
Seguros América
AmeriCares BAC Florida Bank Silvio & Consuelo Pellas
Target Corporation
Asociación Familia Padre Fabretto Carlos & Vivian Pellas
From $5,000 to $9,999
Breast Cancer Relief Foundation Casa Pellas, S.A
Adelita Pellas de Solórzano
Brother's Brother Foundation Cooperación Social España Alberto Chamorro
Aldeas SOS
Casa Pellas, S.A. Credomatic of Florida, Inc. BAC Florida Investments
Beta Capital
Catholical Medical Mission Board Life Outreach International Cantor & Webb P.A.
Carlos Porta
Coca-Cola FEMSA Organización de Estados Iberoamericanos (OEI) Crowe Horwath LLP
D.M. Aircraft Service, Inc.
Coca-Cola Company Probitas Eduardo & Beatriz Sevilla
Edwin A. & Nora Mendieta
Direct Relief (DRI) Industria Nacional de Refrescos S.A. Fowler & White
Frank D. & Beatriz Robleto
Feed My Starving Children From $25,000 to $49,999 GE Energy Financial Services
Food For The Poor, Inc. Hughes Hubbard & Reed LLP
J.P. Morgan
Free Wheelchair Mission AmeriCares Johnny & Annabelle Sordo
McGladrey, LLP
Fundación Arcoiris BAC Credomatic - Nicaragua Mercantil Commercebank NA
Million Dollar Round Table
Fundación Coen BAC Financial Services (MDRT)
Morgan Stanley Wealth
Fundación Paso Pacífico Beacon of Hope Foundation Management
Richard & Nancy Noble
Fundación FEMSA Desarrollo Cielos y Praderas Santander Private Banking
Synergy HomeCare
Grupo Pellas Grupo Pellas Transatlantic Reinsurance Company
Travis & Alison Spitzer
Instituto de la Vivienda Urbana y Rural (INVUR) Joseph E. & Ofelia Gallo
From $1,000 to $4,999
Instituto de Promoción Humana - Somoto (INPRHU) Luis & Maria Dolores Navas
Adolfo Rosales
International Health Partners Matthew 25: Ministries Alexandra Almendárez

Life Outreach International Polaris Energy Nicaragua, S.A.

Matthew 25:Ministries Ricardo & Isabelle Roman

Medical Association Program International (MAP) US Education Finance

Ministerio de Salud (MINSA) From $10,000 to $24,999
Minesterio de Educación (MINED)

Vicariato Apostólico de Bluefields American Fidelity Foundation

Wallace C. Coulter Charitable Fund Barney & Ligia Vaughan

CISA Exportadora

Credit Suisse Securities

Donors Coca-Cola FEMSA

Coca-Cola Company

More than $100,000 Danilo & Ilse Manzanares

Alfredo & Theresita Pellas Felipe & Mary Rodríguez

Food For The Poor, Inc. Fundación Coen

Nicaragua Sugar Estates Ivette Caldera Esserman

Wallace H. Coulter Charitable Trust Julio Horacio Argüello Lacayo

Nicolás & Roxanna Argüello

Nicolás F. Argüello S.

21

Arimar International Corporation Roger & Shirlley Icabalceta Direct Relief (DRI)
E. Chamorro Industrial, S.A
Bless the Children Sagsa Disagro, S.A Feed My Starving Children
Food For The Poor, Inc.
Calvin & Lorena Hamstra Silvio Solórzano Pellas Free Wheelchair Mission
Fundación Dennis Martínez
Carlos & Susan Osorio Triad Restaurant Corporation International Health Partners (IHP)
Life Outreach International (LOI)
Carlos Argüello UBS Matthew 25:Ministries
Medical Association Program International (MAP)
Carlos DeBayle United Way of Miami Dade
Sponsors
Carlos E. Vicente Velosa and Collaborators

Carlos Ivan López & Gabriela Terán Violeta Teran Citric Media
Flor de Caña
Carlos M Pérez Zojaim Solórzano-Downs Four Seasons Travel, Miami
Guacalito de la Isla
Carmen DeBayle InterContinental Miami
Mario Callejas
Command Medical Products, Inc. From $500 to $999 Mukul Beach, Golf & Spa
Nex Services Travel
Compañía Cervecera Ana Maria García Padrón Cigars
RPZ
Compañía Licorera de Nicaragua Carlos J. & Lisette Hurtado Revista Elegancia

D. Stuart & Kathy Horne Carlos Vaca 22

Desiree Solórzano Cem Comunicaciones

Distribuidora Ocal, S.A Dania Baltodano

DJJ Restaurant Corporation/DBA El Novillo Restaurant Danilo Lacayo Jr.

Eduardo Vivas David Raskoski

Erwin L. González Dennis & Luz Marina Martínez

Eugenio Sevilla-Sacasa Eduardo & Marisol Almendárez

Felipe & Lucia Mántica Goldman Sachs

First American Services Corp. Humberto Collado

Garcia-Menocal, Irias & Pastori, LLP Javier Velilla Lucini

Gunster & Yoakley & Stewart Johnson & Johnson

Guillermo Morini Jorge & Lucia Robelo

Inversiones Inmobiliarias Pidacomo S.A. Juan Bosco & Mabel Ordonez Jr.

Javier Rodríguez Hergueta Kathleen Loehr

John H. Alban Marco A. Selva

José I & María E. Cardenal Jr. Módulos Comerciales

Leonora Solórzano Spencer Eig

Luis Henry & Scarlett DeBayle

Marcelo Montalvan In-kind Aid Donors

Maria Jose Wright AmeriCares

María Regueiro Ansell

Miami Foundation - Miami Marlins Becton Dickinson

Michael C. Wood Brother's Brother Foundation

Mauricio Pereira Casa Pellas, S.A.

Patricia Navas Catholical Medical Mission Board

Professional Bank Centrolac

Roberto Clemente Foundation Cooperación Social

Roberto Redondo