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Financial report
A summary of funding sources, use of funds, and the Foundation's financial management principles. Provisional until the first audit is complete.
Sources of revenue
Per the Bylaws, the Foundation's revenue comes from four groups of sources. All surplus from business activities is used for social and environmental purposes and is not distributed to the Board of Trustees, Management, or Supervisors.
Grants and donations
Unrestricted support from government, village funds, donor institutions, and individuals.
Material sales
Proceeds from selling recycled material, compost, and alternative fuel to industry.
Licensing & machine rental
Sirkula platform licensing and machine-use services for third parties.
CSR/ESG & waste credits
Corporate partner contributions and the sale of validated waste credits.
Financial position summary
| Item | Amount (IDR) | Note |
|---|---|---|
| Grants and donations | […] | Unrestricted |
| Recycled material sales | […] | Business activity |
| Training and consulting services | […] | Business activity |
| Total revenue | […] | |
| Field operating expenses | […] | Fleet, warehouse, wages |
| Program and mentoring expenses | […] | Education, training, PPE |
| Technology expenses (Sirkula) | […] | Development and hosting |
| Administrative and general expenses | […] | Secretariat, audit |
| Surplus / deficit | […] | Used for the Foundation's purposes |
Principles and controls
Transparency and accountability
Separate books for program funds; reporting to the Board of Trustees no later than five months after the fiscal year closes.
Separation of authority
Requesting, approving, paying, and recording are done by different parties, with dual authorization above a set threshold.
Competitive procurement
Purchases above a set threshold require at least three quotes with an evaluation record.
Independent audit
Annual audit by a registered public accountant, plus a special project audit when required by a donor.
Compliance status
| Document | Status | Note |
|---|---|---|
| Notarial deed of establishment | Not yet | Articles/Bylaws still in draft for notary consultation |
| Ministry of Law and Human Rights decree | Not yet | Filed after the deed is issued |
| Foundation tax ID (NPWP) | Not yet | After legal entity status is granted |
| Bank account in the Foundation's name | Not yet | Required by nearly all donors |
| Audited financial statements | Not yet | Needs two to three fiscal years |
| Anti-corruption & data protection policy | Draft | Being aligned with the Personal Data Protection Law |