KARNA Inc. Annual Reports
Annual Report 2001-2002
The 2001-2002 financial year was a quiet year for KARNA, early part of the financial year the world was devastated by the horrific terrorist attacks in USA. KARNA Board decided that considering the gravity of the situation it was best to let the charitable public focus all their resources to the victims of 9/11. The year in summary was spent in further reducing the small operational costs that KARNA has, finding more cost-effective ways of managing the operations.
u KARNA Incorporated went through the annual audit of its financials with Ginoli and Co., a public audit and accounting firm. The auditors signed of the books as well as provided assistance in filing of the returns with IRS.
moved the web-site hosting and development to an off-shore company that
provided superior service and competitive rates.
Relief effortsNo relief efforts were conducted this year. Review reports were received from VK on the ongoing relief operations in Gujarat. The final remaining lot of relief material was sorted and boxed and made ready for shipment to India to support relief operations
this year will be on sending the remaining material and establishing a
way to cost-effectively ship material from USA on an ongoing basis
The pilot at DCE was not very successful, mainly related to lack of college commitment. Another attempt will be made with DCE in the 2002-2003 year.
Based on the lessons learned and the level of success achieved the Board has decided that this is a viable proposition and holds a lot of promise for the youth of the future. Significant efforts will be put in to continue the focus on expanding the scholarship program. The goal for 2002-2003 is to expand the program to at least 15 honor/memorial scholarships.
The 2002-2003 year is planned as a focus year for KARNA . Efforts will be focused on the following two major projects:
KARNA is a federal tax-exempt organization, you are assured of effective utilization of any financial assistance that you can provide. Donate generously - 1% of your salary, 1 day of your salary or 1 hr of your salary - show the KARNA in you !!!
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