Malaria No More is committed to running an efficient and effective organization. Please see below for our Statements of Financial Position and IRS Forms 990 for the last three years, for all of which our auditors have issued unmodified opinions.
In common with many other non-profit organizations of its type, Malaria No More has received several material multi-year grants. Accounting principles require that such revenues are recognized in the year in which they are received, while the associated expenses are spread over several years. This accounts for the significant year-to-year changes shown in both revenue and total assets. We have internal controls in place to ensure that these grants are managed prudently.
During 2015, we determined that two grants received in 2014 should have been treated differently, and restated our 2014 financial statements accordingly. Fuller details are provided in the notes to the 2015 financial statements. Neither restatement had any adverse impact on Malaria No More’s financial health.