WRI Annual Report 2020-21: Operations and Finance
Operations And Finance
The trust of our supporters is one of our highest priorities. We receive donations from individuals, governments, foundations and corporations, and we have stringent financial controls in place to ensure compliance with donors’ wishes.
Thanks to the generosity of our donors, we were able to strengthen our internal systems so that we could continue to effectively manage and steward our resources and deepen our impact. Despite the pandemic, we increased our program investments in 2020, as we pursued our goal of rapid, systemic change.
WRI entered 2021 in strong financial condition. Program spending increased 12%, to $144 million. WRI received the highest unqualified audit opinion in FY20. Charity Navigator rated WRI as one of its Top 10 Charities, among large, complex organizations with budgets exceeding $100 million and at least $65 million in net assets, citing in particular our “exceptional financial management.”
SHIFTING HOW WE WORK
Like almost all organizations, WRI had to adapt quickly to novel working conditions in 2020. Thanks to our operations and IT teams, we made constant improvements to our information and communications technology that allowed us to continue to operate effectively across our network.
WRI’s Crisis Management Team and Reopening Task Force monitored health reports and regulations, providing leadership and staff with timely updates. Our approach to reopening our offices will prioritize the well-being of our staff and reflect the range of conditions in different locations.
Statement of Consolidated Activities ($000s)
(At September 30, 2020, with comparative totals for 2019)
|SOURCES OF OPERATING FUNDS - WITHOUT DONOR RESTRICTIONS||2020||2019|
|Support from Endowment Income/Others||2,085||1,907|
|Total Revenues and Other Support||148,945||132,142|
|Change in Operating Net Assets||5,029||3,400|
|Total Net Assets at the Beginning of the Fiscal Year||148,109||114,869|
|CHANGE IN NET ASSETS DURING THE FISCAL YEAR|
|Net Assets without Donor Restrictions||5,029||3,400|
|Net Assets with Donor Restrictions||86,949||32,473|
|Total Change in Net Assets||94,169||33,240|
|Ending Net Assets||242,278||148,109|
“With its strong leadership team and deep bench of experts, WRI has built a reputation for sharp analysis and high impact. I can’t wait to see where it goes in its next chapter!”
—Frances Beinecke, President Emerita and Honorary Trustee Natural Resources Defense Council (NRDC) WRI Global Board of Directors