Business Plan
Version 1.0 | This Business Plan was approved on 22 September 2023.
About
This section provides all the information about how The IO Foundation finances its advocacy and operations.
The organization actively attempts to balance traditional means of funding (donations, grants) with offering its own products and services aligned with the DCDR advocacy.
Funding streams
In accordance to its Resource Mobilization and Allocation policy, The IO Foundation accepts resources from a variety of sources, categorized into streams, that are consistent with its Mission, Vision and values. The following are the recognized types of resource mobilization streams:
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1 - Grants
Financial support received from foundations, government entities or other organizations typically designated for specific projects or initiatives.
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2 - Donations
Monetary or in-kind contributions provided voluntarily by individuals, corporations or institutions without expectation of direct return.
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3 - Crowdfunding
Raising small amounts of money from a large number of people, typically via the Internet.
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4 - Products & Services
Revenue generated from the provision of services and products that align with the organization's mission and expertise.
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5 - Matching
Funds matched by another party, often in response to funds raised through other means.
Unrestricted and Restricted resources
In accordance to its Finance Policy, The IO Foundation categorizes all mobilized resources into two distinct categories:
Unrestricted resources
These resources can be used at the discretion of the organization for any project, program, or operational need. Unrestricted resources offer flexibility in their allocation and are vital for the proper functioning of the organization. These resources are typically sourced from general donations, revenue from products or services or grants that do not specify usage.
Restricted resources
Restricted resources are those designated for specific purposes, as defined by the donor, crowdfunding project deliverables or grantor. These resources must be used strictly for the projects, programs or activities outlined in by the source's requirements.
Budgeting
The IO Foundation establishes every season an budget plan for the upcoming season.
Budget plans are not currently made public (although it is on our roadmap) due to resource constraints.
Nonetheless, you can consult the organization's Annual Reports which are public.
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