EPI FY 2019 Annual Report 2019 Annual Report pages | Page 15

EXPENSES We operate as a lean organization, with 82% of every dollar covering direct program expenses. All of our expenses, including core mission support, are essential to producing robust, life-changing programs. Belize 11% Pacuare 16% Hawaii 2% Costa Rica 18% Expenses by Program Yellowstone 16% Mexico 14% Galapagos 23% We group our expenses into three main categories: • Direct Program Expenses: The size of each program budget is determined by a variety of factors, including number of participants, activities, and length of courses • Core Mission Administrative Support: Includes Finance, HR, Systems, and Board Oversight • Core Mission Fundraising Support: Allowed 83% of our participants to be under-served students The growth and effectiveness of our work depends on a solid core. Investing in these core support services is prudent and essential for long-term success. 82% of EPI SPending is directed to education and Conservation Direct Expenses: Program Operations 82% Core Mission Support: Administration 13% Core Mission Support: Fundraising 5% 14