Charity spent 90% of income on fundraising and administration

first_imgCharity spent 90% of income on fundraising and administration Howard Lake | 16 June 2009 | News  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Northern Ireland Health Minister Michael McGimpsey said he did not believe there was sufficient demand for the service.“Frankly, I am bemused that this is progressing the way it is,” Mr McGimpsey said.“We are collecting money for an ambulance helicopter that, as far as I am aware, there has been no order placed for, there has been no understanding created for and actually, when I look hard at it, there is no real need for.”“The proposed helicopter that you are talking about operates only in good weather and in daylight.“Currently, the demand, according to the ambulance service, is not there.”The IAA has said it hopes to launch the service in November, although to date it has not found anywhere to base its helicopter.Ireland Air Ambulance (IAA) has issued a reply to the BBC story on its website. The statetment says the charity started in Ireland in 2007 ‘following a personal investment made directly by the current Directors of the Charity.’The statement continues, ‘to run a single Air Ambulance and the supporting Charity (the revenue generators) it costs approximately £1,600,000/€1,824,000 per annum IAA was scheduled to go ‘Operational’ in late 2010, but through careful development and stakeholder partnerships, will be now launching in November 2009.‘To date the IAA has raised approximately £700,000/€798,000 of which well in excess of £500,000/€570,000 has been directly invested back into the operational platforms of the Charity to ensure a sustainable service, with £140,000/€159,600 being placed into reserve and nearly £40,000/€45,600 en-route to the reserve account at the time of this release.‘In year one nearly 90% of funds received were directly employed to ensure that the Charity got onto the strong position for growth that it has today, however given this investment in infrastructure IAA confidently forecast that within a few years over 90% of funds received will be directly spent on running the Helicopter and Medical Crew with the remaining 10% being used to run the entire fundraising and administration aspects of the Charity’.The charity’s website provides a copy of its 2007/08 accounts on its website. These show an income of £194,139, with the cost of generating funds £175,027. The accounts are signed by two directors, one of whom is the wife of the Operations Director of the charity.www.irelandairambulance.org AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Tagged with: Finance Ireland Law / policy BBC Northern Ireland has reported that the Ireland Air Ambulance charity has spent up to 90% of its income on fundraising and administration.The public has so far donated £700,000 towards a helicopter air ambulance charity since it was established in Ireland. The charity collects money on both sides of the border, mostly through collection boxes.The charity will depend on an agreement with the health departments in Northern Ireland and the Republic if it is to operate the service but admits it has no such agreement. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Berger recognizes National Volunteer Week

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU President and CEO Dan Berger is reaching out to member credit unions and their volunteers today in recognition of National Volunteer Week, which began Sunday and runs through Saturday.This year brings the 41st anniversary of National Volunteer Week, established to celebrate volunteerism and recognize its contributions to communities and economic growth.“Credit union volunteers are the foundation of the credit union cooperative spirit,” Berger tells member credit union leaders. “They inspire by example so that others are motivated to serve. As our industry proudly serves more members each day, the service of our volunteer leaders continues to grow in importance and relevancy.” continue reading »last_img read more

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Nakilat Grows Profit in 2018

first_imgQatar-based shipping company Nakilat delivered a 5.3% increase in profit during the year ended December 31, 2018.The company’s profit reached QAR 892 million during the period, compared to QAR 847 million reported in 2017. Excluding the 2017 one-off item, the 2018 net profit increased by 14%, the company said.The key drivers of Nakilat’s stronger financial performance were the implementation of its long-term plans to diversify and seek new business opportunities with measured balanced risk. In addition, the company achieved positive results across its operations that exceeded planned expectations in 2018 through enhanced operational efficiency and cost effectiveness, Nakilat explained.During the year, Nakilat expanded its fleet with the addition of two liquefied natural gas (LNG) carriers and acquired a major stake in its first floating storage regasification unit (FSRU).“Complemented by strategic long-term agreements with well-established charterers and its own determination to operate sustainably, Nakilat has managed to maintain steady cashflow and generate positive value for its shareholders,” the company concluded.last_img read more

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Saipem’s 3Q revenue and profit rise

first_imgItalian energy services provider Saipem reported a rise in 2019 Q3 revenue and profit. The company’s revenue for the quarter grew to 2,36 billion euros, up from 2,22 billion a year ago. Net profit was 30 million euros, compared to a net loss of 34 million a year ago.Illustration: Saipem’s Scarabeo 8 drilling rig; Image by SP Mac/Flickr – shared with permission from the photographerSaipem’s offshore and engineering and construction division reported a slight decline in revenue from EUR 1,06 billion in 3Q last year to EUR 998 million in Q3 2019.New contracts in the division came in at 661 million euros in the third quarter, down from 1,04 billion in the corresponding quarter of 2018.Saipem said that most significant awards for offshore E&C in the third quarter of 2019 related to three new contracts for BP, in consortium with Boshelf LLC and STAR GULF FZCO, for the development of the gas and oil field Azeri Chirag-Gunashli (ACG) off the coast of Azerbaijan.Saudi Aramco offshore fields boost onshore E&C order intakeWorth noting, Saipem’s Onshore Engineering & Construction saw a substantial increase in new contracts for the quarter, boosted by Saudi Aramco’s awards related to Berri and Marjan offshore gas fields.Namely, Saipem reported 3,57 billion euros in new contracts for the quarter for its Onshore E&C business. This is compared to $1.04 billion in the third quarter of 2018. What is more, new contract intake for the division in this single quarter surpassed the value of new contracts awarded to Saipem’s Onshore E&C division in the first nine months of 2018, during which Saipem had secured 3.3 billion euros in new contracts.“The most significant awards [to the Onshore E&C division] in the third quarter of 2019 relate to two new contracts for Saudi Arabian Oil Company, encompassing engineering, construction, and installation for the development of onshore facilities of the Berri and Marjan gas fields, both located in the Arabian Gulf,” Saipem said.The onshore E&C division’s revenue in 3Q 2019 slightly rose to 974 million euros vs last year 3Q’s 958 million euros.Offshore drilling revenue up Saipem’s offshore drilling business, operating 4 semi-submersible rigs, 2 drillships, 7 jack-ups and one tender assisted drilling barge, saw its revenue rise to 121 million euros, up from 115 million in q3 last year, with new contracts in the quarter valued at 128 million, up from 29 million secured in q3 2018.For this division, the most significant awards in the third quarter of 2019 relate to a new four-year contract for ADNOC in the United Arab Emirates, continuing ongoing operations utilizing the jack-up rig Perro Negro 8.Onshore drilling revenue and contract intake also grew in the quarter. Revenue was 136 million, up from 124 million, and new contracts valued at 42 million euros were secured, an increase versus 18 million euros awarded in Q3 2018Overall, in the first nine months of 2019, Saipem was awarded new contracts amounting to €13,9 billion compared to €6,1 billion in the first nine months of 2018).The backlog at September 30, 2019, amounted to €19,8 billion of which €4,7 billion in Offshore Engineering & Construction, €13,745 billion in Onshore Engineering & Construction, €821 million in Offshore Drilling and €492 million in Onshore Drilling), of which €1,9 billion is to be realized in 2019.Looking ahead, Saipem said that high volatility in the oil price and the persistently low level of new investments by the oil companies will continue to characterize the last part of this year.“In the first nine months, some important Final Investment Decisions (FIDs) in the gas segment contributed significantly to the high level of contract awards. The backlog at the end of September 2019, combined with forecasts for current commercial tenders, allows us to forecast revenues of around €9 billion for 2019, with adjusted EBITDA margin above 10%,” Saipem said.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form, where you can also see our media kit.last_img read more

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Ben Williams dominates at X, paves way for No. 2 Syracuse’s 17-12 win over No. 9 Albany

first_img Published on April 3, 2015 at 12:10 am Contact Chris: [email protected] | @ChrisLibonati Facebook Twitter Google+ When the referee blew his whistle for the opening faceoff, Ben Williams popped the ball forward, caught it in his stick and streaked down the field.And then he won 23 more.Williams kept Albany attacks Seth Oakes and Lyle Thompson at bay by winning faceoff after faceoff. The SU sophomore won 24-of-27 en route to his best performance of the season. Each faceoff win helped the No. 2 Orange (8-1, 2-1 Atlantic Coast) keep more possession in its 17-12 win over No. 9 Albany (7-2, 3-1 America East) on Thursday night in front of 6,813 in the Carrier Dome.“I have never seen a face-off performance like I’d seen either,” Albany head coach Scott Marr said. “The kid was unbelievable in the X. That was ultimately the difference in the game.”Even on the faceoffs Williams lost, he was hardly beat. At the beginning of the second quarter, the ball popped out from between Albany faceoff specialist Cason Liles’ and Williams’ sticks, squirting behind Liles. SU’s wings led a scrum that pushed the ball all the way to a restraining line, but Albany came up with the ball.AdvertisementThis is placeholder textThe most important function Williams played was as an answer to Albany attack Lyle Thompson, who scored four goals and assisted on three more. Winning faceoffs kept the ball out of Thompson’s stick and made the Great Danes play more defense than offense.Thompson was matched with Ralph D’Agostino to start the game in place of Sean Young because he would be quicker to slides, but Thompson still produced. The Albany attack threw everything it could at SU’s defense, including Oakes – who scored two goals – firing a running jump shot through his legs and behind his back.“Who knows, if that’s a 50-50 possession, what the score would be?” Syracuse head coach John Desko said. “I don’t know. I think that was huge for us. I think Ben did a great job and gave us all those opportunities.”In Albany’s last game, it’s faceoff specialist, Connor Russell — who won nearly 53 percent of his draws— tore his ACL, ending his season. Liles, who replaced Russell, was subbed out after the 19th faceoff of the game in the third quarter.Marr used three other players — long-stick midfielder Harry Erickson, Kevin McNally and Matthew Bertrams — to try and slow down Williams. The Albany head coach said his team’s goal was to use its athleticism to jam Williams and hopefully create ground ball situations.“We’ve seen a lot this year in terms of different things to do at the faceoff X. We knew what we were going to see,” Williams said. “We were going to see them rake a little bit. I was surprised they went out and clamped as much as they did.”It didn’t matter what Albany did. Williams won the rest of the faceoffs from the third quarter until he was subbed out with less than 10 minutes remaining in the game.When Williams came off the field and through the substitution box, he and Erickson started shoving each other before they walked to their respective sidelines.Williams said that Liles had said some “stuff I was surprised at.”While the sophomore propped up SU the whole game, fans now leaned in — Marr said it felt like the fans were right on top of the field — and he exited the game to fans serenading Erickson and Marr.“A lot of guys like to talk a little bit on the field and try to…,” Williams trailed off. “give me some cheap stuff.“I don’t know, they can do that all they want.” Commentslast_img read more

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