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The American Red Cross Northwest Illinois Chapter holds blood drives every other month at Trinity United Methodist Church, 2600 W. Pearl City Road, Freeport.

Upcoming Blood Drives in the Region

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From 10 a.m. to 2 p.m. Friday, August 6, at Trinity United Methodist Church, 2600 W. Pearl City Road, Freeport. Call Bev Kruse for appointments at (815) 443-2304. All presenting donors will receive a coupon for a large 1-topping pizza from Papa Murphy's in Freeport!

From 2 to 6 p.m. Thursday, August 12, at Galena Middle School. To sign up, contact Ginny Beatty at (815) 777-0295.

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NO PET FIRST AID CLASSES PRESENTLY SLATED

BUT CHECK OUR CALENDAR FOR OTHER UPCOMING CLASSES

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Who we are

Northwest Illinois Chapter
Board Members

Dan Schmitt (Chairman)
Kim Beggin (Vice Chair)
Don Benning, Susan Dewey, Ruth Foley, Lisa Ireton, Troy Lessman, Rick McDonough, Greg Munda, Brent Myers, Paul Osadjan, Charles Rudolph, Julie Wenzel, Tom Winter, and Bobbie Yount.

Staff
Diana Roemer, Executive Director
Scott Allshouse, Director, Health & Safety Programs
and Director of Emergency and Disaster Services
Cara Waters, Programs Manager
Glenda Whitson, Health & Safety Specialist
Volunteer Office Staff
Paul Ottenhausen, IT Administration, Lead Instructor
Carol Risinger, Director of Volunteers
Trudy and Dick Alderman, manikin maintenance
Jan Rink, Disaster Services aide and general office
Bev Kruse - Chapter Blood Drive representative and special events aide;
LaVern Keppen and Dick Alderman, office maintenance
Glenda Whitson, Sara Rausch, P.M. reception

The Chapter appreciates its many volunteers who teach classes, deploy to disasters and help around the office. Without all of them we would cease to exist.
This year's top volunteer award winners include Bev Kruse and Jan Rink, Volunteers of the Year,
and Glenda Whitson, Exceptional Volunteer. Water Safety instructor Claryce Holmberg
was also awarded a 65-year service pin, and Board Chair Dan Schmitt earned the
prestigious Clara Barton Volunteer Leadership Award.
Spirit of Excellence Awards were given to The Journal-Standard and Adkins Energy, LLC
for their financial support of the Chapter.

THANK YOU!

SCHEDULE OF BOARD of DIRECTORS MEETINGS FOR 2010.
Public Welcome
Full board meetings are held every other month on the third Tuesday at 5 p.m.
at Chapter Offices unless another location or time is specified. Special meetings may be called with three days notice and such meeting dates will be published on this site.
For 2010:
Tues., April 20; Tues., June 15 (ANNUAL MEETING); Tues., Aug. 17; Tues., Oct. 19; remainder: TBD

To contact the International Committee of the American Red Cross in Geneva, Switzerland:

http://www.icrc.org/web/eng/siteeng0.nsf/htmlall/addresses
Postal address
International Committee of the Red Cross
19 avenue de la Paix
CH 1202 Geneva

Fax
ICRC general: ++ 41 (22) 733 20 57
Production, Multimedia, Distribution Division: ++ 41 (22) 730 27 68

Phone
++ 41 (22) 734 60 01

How to get there
From Cornavin railway station (12 min.):
Bus 8, F, V or Z to the Appia stop

Contact the ICRC in the states:

USA / WASHINGTON
washington.was@icrc.org
Media contact person: Mr Bernard BARRETT
Mobile: (++1 202) 361 15 66
Office: (++1 202) 587 46 04
Languages spoken: English/French

News

American National Red Cross releases financial papers

Nov 25

Written by: Executive Director
11/25/2009 11:32 AM

American Red Cross FY09 Financial Results

The American Red Cross ended its fiscal year 2009 with net assets of $1.7 billion, posting total operating revenues of $3.3 billion and total operating expenses of $3.4 billion. Behind these indicators of size and activity are four key numbers that help explain the organization’s positive trajectory – and the challenges ahead.

$33.5 million: Our operating deficit.

Red Cross day-to-day operating revenues and expenses, or profit and loss, are captured by the $33.5 deficit figure.
Slashed from $209 million in FY08 and projected to be eliminated by fiscal year-end, the $33.5 million reflects the most progress toward financial recovery.

$120 million: Operating deficit plus the “spend-down” of long-term recovery programs.

This number is fueled by donations for international and domestic disasters made in years past and being spent today.
Non-profit accounting rules say that we must book donations during the year in which they are received. However, we often spend those donations across subsequent years, and so they appear as losses on our books in those years. This is what is happened with our tsunami and Hurricane Katrina funds, for example.

$887 million: The total deficit, according to the accounting rules called GAAP, that reflects our operating deficit, plus prior-year spend-down and our investment losses and pension liabilities, is $887 million.

This figure also shows our change in net assets, because if you add last year’s economic impact on our investments and endowment, plus the federal pension fund requirement, this financial hit boosts the deficit significantly, to the $887 million that appears in our audited financial statements.
Our combined market losses are around $359 million, but our performance tends to exceed that of other not-for-profits.
Our pension fund requirement of $547 million represents our obligation to our employees.
Pension fund and investment results are projected to improve significantly for FY10.

$613 million: Red Cross debt.

While we have put the Red Cross on the path to financial sustainability, our large debt is a challenge.
Over the past year, we’ve made great strides in responding to disasters and other emergencies without taking on new debt. Our successful $100 million fundraising campaign essentially enabled us to cover the costs of last year’s devastating hurricanes.
We’ve gone to our bankers and have outlined our financial management strategy. They have responded that our credit is still good and we remain able to borrow additional working capital, should a major disaster strike.
Largely made up of low-interest lines of credit and bonds, the bulk of Red Cross debt is due after 2011. However, $116 million is current, or due back in 2010.

We hope this detail will help place the American Red Cross fiscal year 2009 Audited Financial Statements in proper perspective.

Brian Rhoa

Chief Financial Officer

For the rest of the financial report, please click here. Contact our office at 815-233-0011 if you have difficulty reading or accessing this material and we will be happy to provide you with a printed version.

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American Red Cross
Northwest Illinois Chapter
224 Galena Ave.
Freeport, IL 61032
(815) 233-0011
(815) 233-0019 (fax)
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