2011 Annual Review

Letter from the president

Scripture reminds us to “speak up for those who cannot speak for themselves, for the rights of all who are destitute” (Prov. 31:8). At World Vision, we are grateful that God has granted this organization favor, influence, and a voice that we are able to use for His purposes.

To read the rest of the president's letter, download this PDF.

Financial assessment of 2011 and outlook for 2012

(Letter from the CFO)

World Vision was again blessed with very positive financial results in fiscal 2011. Total revenue for the year rose 2% to $1,058 million. Private cash donations, our most important measure of financial health, increased 5% in 2011 to $556 million.

To read our CFO's complete assessment and outlook, download this PDF.

Financial highlights

Your gifts are in good hands

In 2011, 86 percent of World Vision's total operating expenses were used for programs that benefit children, families, and communities in need.

Revenue and overhead trends (in millions)

Total revenue in fiscal 2011 rose 2 percent to $1,058 million. Private cash donations, our most important measure of financial health, increased 5 percent in 2011 to $556 million. Adjusted for non-recurring donations for disaster relief (Haiti earthquake in fiscal 2010; Japan earthquake/tsunami and Horn of Africa drought in fiscal 2011), private cash donations grew at a healthy 9 percent rate in 2011.

Overhead rate (percent of total revenue)

Fundraising, management, and general expenses (sometimes called overhead) increased less than 1 percent during the year. Our overhead rate (overhead expenses as a percent of total revenue) improved slightly from 14.5 percent to 14.4 percent.

2011 World Vision U.S. Officers

Richard Stearns, President

When Rich Stearns became president of World Vision U.S. in 1998, he brought with him 23 years of corporate experience, including his time as CEO of Lenox Inc. Rich holds an MBA from the University of Pennsylvania's Wharton School.

Larry Probus, Chief Financial Officer and Sr. Vice President, Strategic Solutions

A CPA with more than 25 years' experience in public accounting and corporate finance, Larry directs World Vision's finance, information technology, legal, and corporate services functions.

Joan Mussa, Sr. Vice President, Donor Engagement, Advocacy, and Communications

With nearly two decades of experience serving at World Vision, Joan leads the organization's mass market and private donor fundraising, public policy, advocacy, branding, and media relations efforts. She holds an MA in film and television production and management from the University of Michigan.

Julie Regnier, Sr. Vice President, Human Resources

Julie has specialized in human resources for more than 20 years. She holds two master's degrees from the University of Southern California and has been part of the World Vision team since 1995.

Chris Glynn, Sr. Vice President, Corporate Development, Gifts-in-Kind, and U.S. Programs

Chris joined the World Vision team in 2010, bringing more than 20 years of leadership and management experience. Chris holds an MBA in Strategic Quality Management from Eastern Michigan University.

Kent Hill, Sr. Vice President, International Programs Group

Kent R. Hill joined World Vision in February 2011 after more than three decades serving in U.S. Government, academic, and nonprofit leadership roles. As head of international programs for WVUS, Kent collaborates with the international partnership of World Vision to help facilitate the overseas allocation of resources from government grants, corporate donated goods, and individual donors.

World Vision's 2011 Board of Directors