How We Raise and Spend Our Money

As a registered charity foundation in Ukraine (CF IT-SPROUT), we are committed to transparency in how we raise and allocate funds. Our mission is to support Ukrainian veterans and single mothers by providing them with IT education opportunities for remote work.

How We Raise Funds

Our funding comes from several sources that allow us to maintain our educational programs:

  • Individual donations: Support from individuals who believe in our mission
  • Corporate partnerships: Collaborations with IT companies and businesses
  • Grant funding: Applications to foundations and government programs
  • Educational services: Revenue from our professional DevOps training programs

How We Spend Money

We allocate our funds with a clear focus on maximizing impact for our beneficiaries:

80% - Scholarships & Support

The majority of our funds directly support our beneficiaries:

  • Scholarships for Ukrainian veterans
  • Educational grants for single mothers
  • Technical equipment and resources
  • Childcare support during training
  • Career placement assistance

20% - Program Operations

Essential costs to maintain quality education:

  • Mentor and instructor compensation
  • Platform and technology costs
  • Administrative expenses
  • Program development
  • Quality assurance

Our Impact: This allocation ensures that for every ₴100 donated, ₴80 goes directly to supporting Ukrainian veterans and single mothers in their journey to secure remote IT employment.

Regulators

CF IT-SPROUT operates under the oversight of Ukrainian regulatory authorities:

  • Ministry of Social Policy of Ukraine: Registration and compliance oversight
  • State Tax Service of Ukraine: Financial reporting and tax compliance
  • Ministry of Digital Transformation: Educational program standards

We maintain full compliance with Ukrainian charity and educational organization regulations, with regular audits and transparent financial reporting.

Responsible Investing

Any surplus funds that remain after fulfilling our primary mission are invested responsibly in Ukraine's environmental restoration and sustainability projects:

  • Reforestation initiatives in war-affected regions
  • Clean energy projects for rural communities
  • Environmental education programs
  • Sustainable agriculture support

This approach ensures that our foundation contributes not only to human development but also to the long-term environmental health of Ukraine.

Questions About Our Finances?

We believe in complete transparency. If you have questions about our financial practices or would like to see detailed reports, please contact us at admin@itsprout.org.

CF IT-SPROUT is registered as a charity foundation in Ukraine.
Registration details available upon request.
© 2024 – CF IT-SPROUT. All rights reserved.