Contributions, gifts and grants $36,711.00
Interest 1,431.00
Total Income $38,142.00
Operating Expenses
Operations (Printing, publications, postage,
Humanitarian aid shipment, farm equipment) $11,745.00
Professional Fees (Legal & Accounting) 1,060.00
Other Expenses (Farm operations, exchange
student, loan repayment) 10,871.00
Total Expenses $23,676.00
Net Revenue $14,466.00
Net Assets beginning of year $235,180.00
Net Assets end of year 127,316.00
($107,864.00)*
- *During 2002 the Auksuciai Foundation, USA, formed a sister non-profit organization under Lithuanian law. The organization of the Auksuciai Farm Center is directed by a board of directors the majority of whom are also on the board of the Auksuciai Foundation, USA.
- Under a Contract for Service the Foundation transferred $107,864.00 ownership of the farm equipment and buildings to the Auksuciai Farm Center in the year 2002 leaving a cash balance of $14,466.00
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Project Evaluation 2003
Prof. Dr. Calvin Qualset, world renowned Plant Geneticist with Univ. of California and Prof. Dr. Charles A. Francis, Agricultural Consultant at Univ. of Nebraska recently returned from Lithuania. They traveled there to observe and make evaluations of progress achieved at the Auksuciai Project farm near Kursenai, Siauliai district, Northern Lithuania.
It is best to quote from conclusions drawn by Charles A. Francis in his 13 page report:
"At the invitation of Dr. Calvin Qualset, a planning trip to Lithuania was accomplished in May 2003 with a visit to the Auksuciai Foundation Farm near Siauliai, interviews with several key people in university and ministry of agriculture, and participation in a rural development at Lietuvos Zemes Ukio Universitetas in Kaunas.
"This is an exciting and extremely ambitious project, one that deserves to move ahead as quickly but as prudently as possible. There is a high level of enthusiasm on the part of some funders, on the part of the field people who are involved in implementation, and on the part of people with Lithuanian ancestry now living elsewhere who would like to make a difference in their former country. The key is to establish clear goals and a vision of how to achieve them...
"The practical experience of a U.S. advisor and a Lithuanian farm manager has been supplemented by student expertise and labor in setting up the farm and its initial production and demonstration enterprises. What is in the field is good, and needs to be expanded and adopted to local conditions and market realities...
"The mission statement to increase production and improve markets for products from the farm is a commendable goal that can help local farmers improve their incomes and families... There is great potential for this project to make a difference in the economic lives and the quality of life for small farm families in Lithuania. With hard work and thoughtful planning these goals can be achieved....
"An obvious role is raising money from the Lithuanian-Americans and from other individuals and groups interested in promoting development of the Lithuanian small farmer, rural sector...."
More thorough information on the Auksuciai Project and its goals can be found in the Internet Website Http://www.aukfoundation.org
Individuals wishing to contribute to the achievements of this non-profit, tax-exempt undertaking can send their donations to:
THE AUKSUCIAI FOUNDATION
2907 Frontera Way
Burlingame, CA 94010 USA
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