Subject: 2010 IRS Form 990
From: "Rick Leach" <[email-masked]>
Date: Mon, 8 Aug 2011 15:47:28 -0400

TO:  Members of the Board
FR:  Rick Leach
DT:  August 8, 2011
RE:  Draft IRS Form 990

Please find attached the draft 2010 tax return for your review (IRS Form 990).  From the time that I came on board in February 2010 to serve as CEO, the Board and staff of WFP USA have worked diligently to establish a strong foundation for future growth of the organization.  As the numbers below indicate, we have built that foundation.  We would not have achieved these goals without the tireless dedication of Randy Russell, the Chairman of the Board, and the efforts of the overall Board.  Thanks to the your commitment, we are moving the organization to the next level of development.  Thank you.

Form 990 Highlights:

1.       Revenue increased from $19.5 million in 2009 to $39.5 million in 2010.

2.       We began 2010 with a negative balance of -$186,400 and ended 2010 with a positive balance of $1.9 million.

3.       We decreased salary costs from $1.8 million to $1.7 million in 2010.

Richard Leach
President & CEO

World Food Program USA
1819 L Street NW, Suite 900
Washington, DC 20036
T 202.530.1694
F 202.530.1698
[email-masked]<mailto:[email-masked]>