Sabre Foundation depends largely for annual program support on grant-making private foundations, associations, corporations, individual gifts and government awards. In addition to financial donations, it benefits greatly from services contributed in-kind and at reduced rates, both in the U.S. and overseas.
Individual donors and private associations continued to furnish an important component of Sabre's funding, especially in areas not covered by foundation and government guidelines.
During 1994 financial support was received from the following sources:
(* Denotes 1994 participant; + denotes Reduced-Cost Journals publisher)
RIGHT: Rafshan Sabirov, Director of the Samarkand Information Center, Uzbekistan, a recipient of Sabre books and computer equipment
LEFT: Staff of Sabre-Svitlo at offices and reading room in L'viv, Ukraine
Ukrainian Art Digest
(Many of the above publishers are represented by the publishing consultant Max Celnik, Inc., whose assistance is gratefully acknowledged.)
Kulzhikhan Abugalieva, Director of the Library, Academy
of Sciences, Kazakhstan, which receives Sabre book donations.
Project Director Tania Vitvitsky with Sabre books at the
partially-rebuilt library of the Inter-University Centre
in Dubrovnik, Croatia.
Below: Views of the devastation at the Centre and its two libraries--including the American Studies Library--where more than 25,000 books were destroyed by fire after mortar shelling in December 1991. The Centre, founded two decades ago, had over 240 university members from more than 40 countries and offered interdisciplinary postgraduate studies in the humanities, social studies, natural sciences, medicine and technology. The Centre's sponsors have undertaken to rebuild the facilities, and to restore its work in international cooperation.
(Photo at right by Bozidar Dukic, at left by Zeljko Soletic;
from "Dubrovnik in War" (1994), copyright © by Matica
hrvatska -- Ogranak Dubrovnik)
Statement of Support and Revenue, Expenses and Change in Fund Balance (Excerpted from Sabre's audited financial statements, prepared by Pannell Kerr Forster, P.C.)
[Please note that in order to view this table properly, a monospaced font must be selected in the "fixed font" option of your World Wide Web browser software.]
Year Ended December 31: 1994 1993
Unrestricted Endowment Unrestricted
____________ _________ ____________
Support and revenue
Contributions and grants
Cash $ 529,925 $ 583,527
In-kind
Books and equipment 10,251,589 9,526,004
Services 47,947 39,970
_________ _________
10,829,461 10,149,501
Interest 7,274 5,089
Royalties and fees --- 963
__________ __________
Total support & revenue $10,836,735 $10,155,553
__________ __________
Expenses
Program services
Scientific Assistance Project
Expenditures,including in-kind
services of $19,688 in 1994 479,236 474,709
Grants in-kind 10,251,589 9,526,004
Philosophy of Institutions Project 23,333 8,348
_________ _________
Total program services 10,754,158 10,009,061
Supporting services
General administration, including in-
kind services of $28,259 and $39,970 96,627 94,836
Fund raising 8,538 9,708
_________ _________
Total supporting services 105,165 104,544
_________ _________
Total expenses 10,859,323 10,113,605
_________ _________
Excess of (deficiency) of support
and revenue over expenses before
capital additions 22,588 41,948
_________ _________
Capitol additions--contributions for:
Acquirement of equipment 5,773 --
Endowment -- $ 41,438 --
_________ _________ _________
Total capital additions 5,773 41,438 --
_________ _________ _________
Excess of (deficiency) of support
and revenue over expenses before
capital additions (16,815) 41,438 41,948
Fund balances -- beginning of year 89,015 -- 47,067
_________ _________ _________
Fund balances -- end of year $ 72,200 $ 41,438 $ 89,015
* * *
Note to our readers: For accounting purposes, donations in-kind are
recorded as expended in the same fiscal year that they are received.
As the donated books may not be re-sold, they hold no commercial value
for Sabre Foundation, and are therefore not carried as inventory in our
audited financial statements. The fair market value (FMV) of the
actual inventory on hand on January 1, 1994, was $6,927,892;
allocations during 1994 were valued at $9,847,361; and the FMV of
inventory on December 31, 1994, was $7,332,110.