SIFE Worldwide - Annual Report


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SIFE Worldwide - Annual Report

  1. 1. Annual Report: 2011 SIFE Annual Report: 2011 | 1
  2. 2. 2 | SIFE Annual Report: 2011
  3. 3. OUR MISSIONTo bring together the top leadersof today and tomorrow to create a better, more sustainable world through the positive power of business. SIFE Annual Report: 2011 | 3
  4. 4. 4 | SIFE Annual Report: 2011
  5. 5. TABLE OF CONTENTSLetter from the Chairman & President 07Year In Review 08SIFE Around the World 20Focusing on Results 44Partners & Donors 52College & University Members 66Worldwide Leadership 82Tribute to Jack Shewmaker 88 SIFE Annual Report: 2011 | 5
  6. 6. 6 | SIFE Annual Report: 2011
  7. 7. LETTER FROM THE CHAIRMAN & PRESIDENTDear Members and Friends,This was a year of tremendous progress as we began to see the full results and positive impact of our new strategic plan.We are proud to report that we met or exceeded goals in several important areas: • We greatly expanded our reach, increasing the total number of university members, number of student participants and average number of students per team. • We significantly improved our impact through the implementation of a new program focus and judging criterion, and also increased the number of community outreach projects. • We strengthened the partnerships so vital to the long-term success of the organization, increasing the number of corporate and organizational partners, as well as the number of partners giving in more than one country. • We improved the capacity and sustainability of the organization, and made significant improvements to our financial operating reserves.This success is both a testament to the growing relevance of our mission and the commitment of our entire network, includingthe worldwide and country boards and staff, and especially our students, faculty advisors and donors who advance the cause of SIFEevery day. The coming year promises to be one of continued progress and historic milestones. We look forward to sharing thejourney and celebrating our achievements together.Thank you for everything you do in support of SIFE. Doug McMillon Alvin Rohrs Chairman, President & CEO, SIFE Worldwide Board of Directors SIFE Worldwide President & CEO, Walmart International Walmart Stores, Inc. SIFE Annual Report: 2011 | 7
  8. 8. YEAR IN REVIEW 39 Country Operations 440 Corporate & Organizational Partners 1,600 College & University Members 6,500 Community Outreach Projects 57,000 Participating Students 5,700,000 Student Volunteer Hours $21,400,000 USD Global Network Revenue8 | SIFE Annual Report: 2011
  9. 9. SIFE Annual Report: 2011 | 9
  10. 10. EXPANDING OUR REACH SIFE is an international organization dedicated to bringing together the top leaders of today and tomorrow to create a better, more sustainable world through the positive power of business. With the support of an extensive network of corporate partners, SIFE establishes programs on college and university campuses around the world. Participating students form teams and work with a faculty mentor and business advisory board, applying business concepts to develop projects that empower people in need to improve their quality of life and standard of living. Growth At-A-Glance Student Participation: 20% College and University Members 6% Average Number of Students per Team: 3710 | SIFE Annual Report: 2011
  11. 11. Last year we experienced high demand for the SIFE program and expanded our reach by increasing the total number of member universitiesto 1,600 and student participation to 57,000. In addition to this overall expansion, we also placed a more strategic emphasis on increasingour representation amongst the world’s top institutions. SIFE Worldwide utilizes the Academic Ranking of World Universities (ARWU) as abenchmark for evaluating the number of premier institutions in our network. Since some of the SIFE countries do not have any universitieslisted on the ARWU, each country also benchmarks its operation against a separate national university ranking. AFRICA, 4, 1% AMERICAS, 65, 7% 44% Market Share of Top Globally Ranked Institutions ASIA-PACIFIC, 49, 12% in SIFE-Operating Countries* EUROPE, 57, 14% Institutions without Institutions with SIFE *Analysis based on 2011 Academic Ranking of World Universities, Top 500 ( 175 of 396 (44.2%) institutions within SIFE- SIFE University Programs, University Programs, operating countries that ranked on the ARWU have Active SIFE University Programs (represents 35% of the 500 total institutions ranked). 221 175 SIFE Annual Report: 2011 | 11
  12. 12. IMPROVING IMPACT The SIFE experience is designed to provide participating students with a platform to apply what they’re learning about business to make a difference in their communities. From rural villages to bustling cities, SIFE teams are helping struggling entrepreneurs achieve success, equipping the unemployed with skills to find work, teaching families how to gain financial security and bringing economic development to distressed neighborhoods. Last year, SIFE students contributed an impressive 5,700,000 hours of service to the completion of more than 6,500 community outreach projects. Our program staff increased the number of training conferences held worldwide to further assist and empower teams to improve the effectiveness of their time and quality of their projects. The implementation of a new judging criterion, which serves as the tool by which team projects are evaluated, provided further focus to the program and placed a greater emphasis on outcomes.12 | SIFE Annual Report: 2011
  13. 13. New Judging Criterion: Considering the relevant economic, social and Number of Training Conferences Held: 340 environmental factors, which SIFE team most effectively empowered people in need by applying 22,433 Total Attendance at business and economic concepts and anTraining Conferences: entrepreneurial approach to improve their quality of life and standard of living? SIFE Annual Report: 2011 | 13
  14. 14. BUILDING CAPACITY We continued to make significant progress toward our goal of operating a best-in-class non-profit, knowing that our future growth and program impact will be driven by the overall organizational strength. Building the capacity necessary to achieve these goals requires a special focus on recruiting and motivating a talented and professional staff – at both the country and worldwide level, as well as building quality and sustainable country operations. Full and Part-Time The number of full and part-time employees representing SIFE World Headquarters and individual SIFE country Staff Worldwide: operations increased to 209 over the last year as we continued to transition from volunteer management to a professional staff at all levels of the organization. The ‘Country Index’ allowed us to complement staff development with a tool to train 209 and evaluate the effectiveness of each country operation. This index is based on six operational areas, each with multiple benchmarks: Governance, Board of Directors, Organizational Capacity, Program, Financial Sustainability and Country Management.14 | SIFE Annual Report: 2011
  15. 15. Regional Leadership Meetings - 2011Average Country Index Score: • Calabar, Nigeria • Carolina, Puerto Rico 3.9 • Seoul, South Korea • Baku, Azerbaijan • Rotterdam, The Netherlands SIFE Annual Report: 2011 | 15
  16. 16. STRENGTHENING PARTNERSHIPS16 | SIFE Annual Report: 2011
  17. 17. SIFE is committed to growing a robust and diverse network of partner companies and organizations. Beyond the important financial supportprovided by these partners, the active involvement of their executives and associates is vital to the success of our program and mission toconnect the top leaders of today and tomorrow.We have significantly strengthened our partner network, expanding the depth of engagement with existing partners, expanding the overallnumber of partners and increasing the number of partners supporting SIFE in multiple countries. By continuing to improve the relevance andimpact of our program and provide meaningful sponsorship opportunities at a national and global level, we generated higher levels of supportin FY 2011 and improved the financial health and sustainability of the organization. At-A-Glance Total Number of Total Number of Increase Corporate and Partners Giving in More in Total Global Organizational Partners: Than One Country: Network Revenue: 440 51 8.5% SIFE Annual Report: 2011 | 17
  18. 18. GETTING CONNECTED SIFE represents the premier business and higher education network, with programs at more than 1,600 universities in 39 countries around the world. The physical reach of the organization and expansiveness of our program create a presence and opportunity for SIFE members to impact a wide range of communities. The emerging power of digital technology and social media now create an equally compelling opportunity and means by which to connect these members across such a large geographic area, further strengthening their collective impact. We continue to increase our focus in this area and develop strategies to more effectively leverage digital and social platforms. At a worldwide level, we significantly increased our reach by integrating social media more thoroughly into our overall communications and event activities. We also saw progress at a country level as more SIFE country operations came online with fully dedicated websites and a broader presence across major social destinations.18 | SIFE Annual Report: 2011 2010-2011 SIFE Annual Report
  19. 19. Global Web Presence Social Media Global Gateway: 79% Growth in Likes in one year • 35 Individual Country Websites • SIFE Worldwide Facebook Page • 34 Countries have a presence SIFE World Cup: Other Social Media Platforms • Year-Round Event Destination SIFE China Social Media Platforms SIFE World Cup LIVE: • RenRen • Youku LIVE! • Live Online Event Broadcast • Todou 2010-2011Annual Report: 2011 | 19 SIFE SIFE Annual Report
  20. 20. SIFE AROUND THE WORLD SIFE Worldwide guides and supports the activities of 39 individual country operations, which are responsible for implementing the SIFE program at a national level. Operations in the U.S., China, Mexico, Brazil and India are structured as operating subsidiaries of the worldwide organization, with all other country operations serving as affiliate organizations.20 | SIFE Annual Report: 2011
  21. 21. SIFE Annual Report: 2011 | 21
  22. 22. AFRICA AMERICAS College & University Members: 201 College & University Members: 697 Community Outreach Projects: 606 Community Outreach Projects: 3,744 Participating Students: 7,706 Participating Students: 25,371 Student Volunteer Hours: 1,611,043 Student Volunteer Hours: 1,219,426 Country Operation Launch Year Country Operation Launch Year Egypt 2004 Brazil 1998 Ghana 2000 Canada 2000 Kenya 2003 Guatemala 2004 Morocco 2004 Mexico 1997 Nigeria 2000 Puerto Rico 2004 Senegal 2005 United States 1975 South Africa 2001 Swaziland 2002 Tunisia 2008 Zimbabwe 200122 | SIFE Annual Report: 2011
  23. 23. ASIA-PACIFIC CENTRAL ASIA & THE CAUCASUS EUROPE College & University Members: 421 College & University Members: 48 College & University Members: 241 Community Outreach Projects: 1,140 Community Outreach Projects: 173 Community Outreach Projects: 837 Participating Students: 16,633 Participating Students: 1,791 Participating Students: 6,319 Student Volunteer Hours: 2,098,418 Student Volunteer Hours: 202,573 Student Volunteer Hours: 617,949Country Operation Launch Year Country Operation Launch Year Country Operation Launch YearAustralia 2000 Azerbaijan 2005 Albania 1998China 2002 Kazakhstan 1995 France 2002India 2003 Kyrgyzstan 1995 Germany 2003Japan 2004 Tajikistan 1995 Netherlands 2002Korea 2004 Poland 1996Malaysia 2000 Russia 1998New Zealand 2002 Ukraine 1999Philippines 2000 United Kingdom 2001Singapore 2003Thailand 2004Vietnam 2007 SIFE Annual Report: 2011 | 23
  24. 24. AFRICA24 | SIFE Annual Report: 2011
  25. 25. Egypt REGION OVERVIEW Ghana Kenya SIFE first established operations in Africa in 2000 and since that time has expanded Morocco to 10 countries. In 2011, teams in this Nigeria region contributed more than 1,600,000 Senegal volunteer hours to 600 community outreach projects. The two previous SIFE World South Africa Cup champions are from Africa and the Swaziland Chinhoyi University of Technology team Tunisia from Zimbabwe placed second at the 2011 SIFE World Cup. Zimbabwe Zimbabwe (10) 5% EGYPT (24) Tunisia (90) Zimbabwe (173) Tunisia (8) 12% 1% 2% Swaziland (6) 4% Swaziland (174) 2% EGYPT (2,034) 3% GHANA (23) 26% 11% SOUTH AFRICA (26) SOUTH AFRICA (1,602) 13% COLLEGE & KENYA (14) 21% PARTICIPATING UNIVERSITY MEMBERS 7% STUDENTS GHANA (370) 201 7,706SENEGAL (14) SENEGAL (271) 5% 7% 4% KENYA (581) NIGERIA (38) MOROCCO (38) NIGERIA (1,556) 8% 19% 19% 20% MOROCCO (855) 11% SIFE Annual Report: 2011 | 25
  26. 26. PROJECT IMPACT 200 Farmers Educated 90% Increase in Crop Yields 100% Access to Healthcare26 | SIFE Annual Report: 2011 2010-2011 SIFE Annual Report
  27. 27. VILLAGERS DISCOVER LIFE BEYOND POVERTYAlthough Ghana continues to make strides in infrastructure and economic development,poverty remains an ongoing problem in many of the area’s rural villages. This was the casefor Tomefa, an island with more than 1,500 inhabitants who for years have labored to surviveon farming and fishing. The SIFE team at the University College of Management Studies saw anopportunity to help these villagers take advantage of the rustic beauty of the village, abundantanimal life and existing farms to improve their financial means.The team began teaching the villagers the basics of the hospitality/tourism industry and howto adapt their farms to accommodate guests. Next they worked with the Ministry of Tourismto promote the island as an agrotourism center. Additional marketing included a website andbillboards that helped attract more than 450 tourists to the island within eight months. To helpfurther generate income, the team helped the farmers build greenhouses from plastic waste and takeadvantage of organic fertilizers such as manure and compost. Finally, they provided more than 200farmers with financial management training.By applying smart business practices to the operation of their farms, UCOMS SIFE helped thevillagers of Tomefa Island create a viable agrotourism venture in Ghana. In addition, this project hasenabled farmers to better use island resources to promote maximum harvests, which in turn has furtherexpanded financial opportunities. Thanks to these efforts, local residents now enjoy steady sourcesof income and are no longer living in poverty. For the first time many of these farmers are even ableto afford regular health care services at nearby health centers. To see how other teams in this region are making an impact, visit SIFE Annual Report: 2011 | 27
  28. 28. THE AMERICAS28 | SIFE Annual Report: 2011
  29. 29. REGION OVERVIEW Brazil CanadaSIFE was originally founded in 1975 in the GuatemalaUnited States. Although the U.S. remains thesingle largest SIFE operation, the region has since Mexicogrown to six countries. Last year teams in this Puerto Ricoarea contributed more than 1,200,000 volunteer United Stateshours to approximately 3,700 communityoutreach projects. The Americas will alsoplay host to the 2012 SIFE World Cup inWashington, D.C. BRAZIL (11) BRAZIL (336) 1% 1% CANADA (61) CANADA (1,800) 9% 7% GUATEMALA (231) GUATEMALA (8) MEXICO (746) 1% 1% 3% MEXICO (30) 4% PUERTO RICO (250) PUERTO RICO (12) 1% COLLEGE & 2% PARTICPATING UNIVERSITY MEMBERS STUDENTS 697 25,371 USA (22,008) 87% USA (575) 82% SIFE Annual Report: 2011 | 29
  30. 30. PROJECT IMPACT 28 Residents Housed $16,000 Saved Annually Per Person 15 Shipping Containers Salvaged30 | SIFE Annual Report: 2011
  31. 31. SHIPPING CONTAINERS HELP HOMELESSBECOME SELF-RELIANTEach day walking to and from class the members of the Flagler College SIFE team witnessedhomelessness. They learned that many of these individuals were former inmates who had nomeans but to live on the streets after being released from prison with little more than a few dollarsand a change of clothes. Seeing that something had to be done, but wanting to do more than justgive these individuals a one-time handout, the team embarked on a project that would generate paidtransitional work and affordable housing. They discovered that 800,000 shipping containers entered their city each year and 30 percent weresimply left to rust in salvage yards. Recognizing it would be more cost effective to give thesecontainers away than to store them, the team went to work to convert 15 of them into a housingfacility. To bring the project full circle, their effort included employing discharged inmates andcreating a vocational training program that would teach plumbing, electrical work, insulation andconstruction as these individuals transform the containers into homes. The Containers for a Causeproject quickly became reality and is on its way to providing housing for approximately 28 residents.In addition, this effort is estimated to save the community an average of $16,282 annuallyper person by reducing the use of incarceration facilities, shelters and public health services.The Containers for a Cause project is transforming waste, as well as giving the homeless gainful andsteady employment, the tools to become self-reliant and a place to live with the support they need. To see how other teams in this region are making an impact, visit SIFE Annual Report: 2011 | 31
  32. 32. ASIA-PACIFIC32 | SIFE Annual Report: 2011
  33. 33. Australia China REGION OVERVIEW India Japan SIFE first established operations in Asia in Korea 2000 and today it is the largest SIFE region with 11 SIFE country operations. Last year Malaysia teams in the region contributed more than New Zealand 2,000,000 volunteer hours to approximately 1,140 community outreach projects. The Philippines 2011 SIFE World Cup, which drew a record- Singapore breaking 3,000-plus participants, was hosted Thailand in Kuala Lumpur, Malaysia. Vietnam VIETNAM (24) VIETNAM (854) 5% 5% AUSTRALIA (663) AUSTRALIA (28) THAILAND (706) THAILAND (33) 7% 4% 4% 8% SINGAPORE (633) SINGAPORE (7) 4% PHILIPPINES (612) 1% NEW ZEALAND (134) 4%PHILIPPINES (28) 1% 7% NEW ZEALAND (3) COLLEGE & MALAYSIA (1,805) PARTICPATING 1% UNIVERSITY MEMBERS 11% STUDENTS MALAYSIA (33) 8% 421 CHINA (160) 16,633 CHINA (7,710) KOREA (28) 38% KOREA (1,104) 46% 7% 6% JAPAN (13) JAPAN (137) 3% 1% INDIA (64) INDIA (2,275) 15% 14% SIFE Annual Report: 2011 | 33
  34. 34. PROJECT IMPACT 20,000 Women Targeted 190% Increase in Incomes 31% Increase in Hygiene Product Usage34 | SIFE Annual Report: 2011
  35. 35. PROMOTING BETTER HEALTH AND FINANCIALWELL-BEING FOR WOMENOn the surface, female reproductive health may not seem like a business issue. But upon learning that 70percent of women in India suffer health problems due to a lack of knowledge and availability of femininehygiene products, the SIFE team at Shaheed Sukhdev College of Business Studies felt something had to bedone. The students were motivated to develop a business model that focused on access and affordabilityof sanitary products as the primary solution to removing the burdens Indian women face related to thisrarely talked about but basic biologic function.The team went to area slums where the need was greatest and trained women to sell sanitaryproducts door-to-door. The business model used for this effort procures the items directly fromthe manufacturers to reduce costs and allow the sellers to earn a reasonable profit margin.To further ensure the women’s success, training camps were held for these entrepreneurs to teachthem financial skills, including book keeping, saving and investing. Lastly, presentations wereconducted to help remove stigmas about menstruation and to foster more product acceptance.For many women, these sessions were the first fact-based dialogue they had ever had on the subject.Today Sanitation Solutions is operational in 17 slums across Delhi and has targeted more than20,000 women. For the female entrepreneurs participating in the selling of the hygiene products,each has seen their household incomes increase by 190 percent and nearly all of these womenreport having their own bank accounts for the first time. Even more important, women’s health isimproving as the use in feminine hygiene products has risen from 27 to 58 percent. To see how other teams in this region are making an impact, visit SIFE Annual Report: 2011 | 35
  36. 36. CENTRAL ASIA & THE CAUCASUS36 | SIFE Annual Report: 2011
  37. 37. Azerbaijan REGION OVERVIEW Kazakhstan SIFE established its first international operation Kyrgyztan in Central Asia in 1995. Today this region includes operations in four countries and Tajikistan continues to play an important role in the future of the organization. Last year teams in this area contributed more than 200,000 volunteer hours to nearly 200 community outreach projects. TAJIKISTAN (7) TAJIKISTAN (218) 15% 12% AZERBAIJAN (18) AZERBAIJAN (744) 37% 42% COLLEGE & PARTICPATING UNIVERSITY MEMBERS STUDENTSKYRGYZSTAN (14) 48 KYRGYZSTAN (500) 1,791 29% 28% KAZAKHSTAN (9) KAZAKHSTAN (329) 19% 18% SIFE Annual Report: 2011 | 37
  38. 38. PROJECT IMPACT 10 Retirees $12,000 Income Generated 100% Participants Able to Afford Necessities38 | SIFE Annual Report: 2011
  39. 39. NEW HOPE FOR RETIREES TURNED ENTREPRENEURSIn Kazakhstan the average retirement pension is roughly $120 a month, which in most areasbarely meets a conservative monthly cost of living. For many retirees this means going withoutbasic essentials such as medical treatments, transportation and even food. Just as unfortunate,The Academy of Banking SIFE team encountered many older adults in this situation who believedtheir age, limited resources and health concerns curtailed any opportunities to ever improve theircircumstances. To address these prevailing needs, the team worked to develop a niche business thatcapitalized on the special considerations of this older population.They began by working with 10 retirees in Almaty, one of Kazakhstan’s largest cities, to start anindoor flower and plant venture. Together they determined the most popular selling flowers andmanufacturing expenses, and identified potential customer bases. This information was coupledwith business training on marketing, controlling costs to increase profitability, product diversityand personal finance. After successfully learning to grow and arrange the flowers, the retireesobtained contracts with four flower shops to deliver their plants. Two retirees even went on to opentheir own flower shop, which they cleverly named “Granny’s.” These grandmothers have sincegrown their business to accommodate orders around their city. They now deliver to 10 schools,including one kindergarten, five universities and two colleges.Since project Money Tree began, participating retirees have generated approximately $12,000 inrevenue and are now able to afford every day necessities and more. The positive impact of thisproject has prompted the team to implement the project in additional cities throughout Kazakhstan. To see how other teams in this region are making an impact, visit SIFE Annual Report: 2011 | 39
  40. 40. EUROPE40 | SIFE Annual Report: 2011
  41. 41. REGION OVERVIEW SIFE first established operations in Europe in 1996. Today it has grown to include eight countries. Last year teams in the region contributed more than 617,000 hours to 800-plus SIFE Albania Netherlands Ukraine projects. In addition to hosting the most SIFE World Cup competitions, France Poland United Kingdom including the inaugural event in 2001, the 2011 SIFE World Cup Germany Russia Champion is from Germany. ALBANIA (9) ALBANIA (401) 4% FRANCE (25) 6%UNITED KINGDOM (43) 10% FRANCE (541) 18% 9% UNITED KINGDOM (2,283) GERMANY (34) 36% GERMANY (816) 14% 13%UKRAINE (14) COLLEGE & PARTICPATING 6% UNIVERSITY MEMBERS STUDENTS 241 6,319 NETHERLANDS (411) 6% NETHERLANDS (13) 5% UKRAINE (197) POLAND (176) POLAND (10) 3% 3% RUSSIA (93) 4% 39% RUSSIA (1,494) 24% SIFE Annual Report: 2011 | 41
  42. 42. PROJECT IMPACT 4 Mentally Ill Individuals Employed 200,000Bottles Recycled 1,000,000 Liters of Water Saved42 | SIFE Annual Report: 2011
  43. 43. Recycling Capitalizes on Discarded OpportunitiesIn 2003 the German government introduced a deposit system to foster recycling of plastic bottles.The process has increased bottle recycling but a staggering $300 million (USD) worth are stillthrown away. That statistic spurred the SIFE team at the University of Regensburg to implement aproject to increase the number of properly recycled bottles while creating jobs for disadvantagedmembers of their community.The team set up special containers to help people on the go have better access to recycling. Then,mentally ill individuals who struggled with steady job opportunities were employed to emptythe containers and collect the deposits. The entire effort is funded with deposit money and newcontainers are obtained by selling CSR advertising space. The Bottles for a Better Life project is notonly improving the environment, it has generated meaningful jobs that help the mentally ill betterintegrate into society and have regular incomes.Since its inception, more than 200,000 bottles have been recycled under the project, which in turnhas saved 50,000 liters of oil and 1,000,000 liters of water. Currently four mentally ill individualshave sustainable employment and due to its success the project has been franchised to six additionalSIFE teams in Germany with more individuals soon to be employed. To see how other teams in this region are making an impact, visit SIFE Annual Report: 2011 | 43
  44. 44. FOCUSING ON RESULTS We believe that competition fosters innovation and encourages a focus on results. SIFE competitions are challenging, team-oriented events that create a sense of accountability and motivation for teams to continually improve the quality and impact of their projects.44 | SIFE Annual Report: 2011
  45. 45. SIFE Annual Report: 2011 | 45
  46. 46. 2011 NATIONAL COMPETITIONS ROAD TO THE SIFE WORLD CUP Minneapolis, MN Toronto, Ontario Canada: 09-11 May USA: National Competitions are dramatic, energy-filled events where SIFE teams 10-12 May showcase the collective impact of their community outreach efforts. Students present their projects and are evaluated by business leaders serving as judges who rank them on how successful they were at using business concepts to improve the quality of life and standard of living for those in need. The winners of these national competitions are then invited to compete at the prestigious SIFE World Cup. In 2011, more than 33,000 attended these Mexico City, Mexico: 12-13 June competitions where SIFE students presented a broad range of projects to nearly Isla Verde, Puerto Rico: 15-17 June Guatemala City, 4,600 judges. Guatemala: 07-08 July Sao Paulo, Brazil: 13-14 July46 | SIFE Annual Report: 2011
  47. 47. Moscow, Russia: 25-26 May The Hague, Netherlands: 27 May Warsaw, Poland: 30 MayLondon, United Kingdom: 13-14 April Bonn, Germany: 05-06 May Kiev, Ukraine: Paris, France: 10 June 20 May Baku, Azerbaijan: 22-23 May Almaty, Kazakhstan: 05-06 May Tirana, Albania: Bishkek, Kyrgyzstan: 03-05 June Seoul, Korea: 12 July 07-08 July Dushanbe, Tajikistan: Tunis, Tunisia: 17-18 May Tokyo, Japan: Casablanca, Morocco: 06 June 01-02 July 05-06 June Shangai, China: 20-21 May Cairo, Egypt: 25 June Makati City, Philippines: Mumbai, India: Bangkok, Thailand: 22-23 July 01 July 27-29 July Dakar, Senegal: 29 June Lagos, Nigeria: 19-20 July Kuala Lumpur, Malaysia: Accra, Ghana: 25-26 July 07-08 July Singapore, Singapore: 18 June Nairobi, Kenya: 09 July Harare, Zimbabwe: 01 July Johannesburg, South Africa: 13-14 July Ezulwini, Swaziland: 25 June Sydney, Australia: 13-15 July Auckland, New Zealand: 16 July 4 Months 38 Competitions 1,100 Competing 4,600 Competition 33,000 Total Worldwide Teams Judges Attendance SIFE Annual Report: 2011 | 47
  48. 48. Once a year the best SIFE teams from around the world meet at the SIFE World Cup. 3-5 October, 2011 | Kuala Lumpur, Malaysia This highly challenging competition begins with the National Champion teams from every country. It is eventually narrowed to four teams from which the SIFE World Cup Champion is named. Beyond the excitement of the competition, the World Cup event also brings together an international network of student, academic and business leaders. A variety of special activities, forums, cultural events, receptions and dinners provide meaningful opportunities for participants to connect, collaborate and learn from one another. For many teams this is the first time they have traveled outside of their home country. The networking, enthusiasm and overall pride in accomplishment make this a one-of-a-kind, much-anticipated event.48 | SIFE Annual Report: 201148 | SIFE Annual Report: 2011
  49. 49. Official Results WC CHAMPION 2ND PLACE 3RD PLACE 4TH PLACE Germany: Zimbabwe: Puerto Rico: Guatemala: University of Chinhoyi University University of University of the Valley Regensburg of Technology Puerto Rico, Humacao of GuatemalaCompeting Teams Australia: The University of Melbourne India: Shaheed Sukhdev Netherlands: Utrecht University Tajikistan: Institute of Economy and Trade Azerbaijan: Nakhchivan State University College of Business Studies New Zealand: The University of Waikato of Tajik State University of Commerce Brazil: University Center of Para (CESUPA) Japan: Waseda University Nigeria: Benue State University Thailand: Chulalongkorn University Canada: Memorial Univeristy Kazakhstan: University of Philippines: University of Luzon Tunisia: Higher School of Sciences and of Newfoundland International Business Poland: University of Gdansk Technology of Tunis (ESSTT) China: Sun Yat-sen University Kenya: Kabarak University Puerto Rico: University of Ukraine: Vinnytsya National Egypt: Cairo University Korea: Seoul National University Puerto Rico, Humacao Technical University France: IESEG School of Management, Kyrgyzstan: Institute for Integration of Russia: Tomsk State University United Kingdom: University of Southampton Lille Catholic University International Educational Programs Senegal: University of Ziguinchor United States: Texas State University, Germany: University of Regensburg Malaysia: University of Technology, Petronas Singapore: Singapore Polytechnic San Marcos Ghana: University College of Mexico: University of Guadalajara, CU Valles South Africa: University of KwaZulu-Natal Zimbabwe: Chinhoyi University of Technology Management Studies, Accra Morocco: Faculty of Law, Economics and Social Swaziland: University of Swaziland, Kwaluseni Guatemala: University of the Valley of Guatemala Sciences of Settat (FSJESS), Hassan I University SIFE Annual Report: 2011 | 49 SIFE Annual Report: 2011 | 49
  50. 50. 50 | SIFE Annual Report: 201150 | SIFE Annual Report: 2011
  51. 51. THE SIFE WORLD CUP EXPERIENCEThe 2011 SIFE World Cup, held in Kuala Lumpur, Malaysia, had a record-breaking 3,000 attendees, including the Deputy Prime Ministerof Malaysia, The Honourable Tan Sri Muhyiddin Yassin. It also hosted a panel of distinguished business leaders from around the worldwho were there to support SIFE’s mission of creating a better, more sustainable world. Further enhancing the 2011 SIFE World Cupexperience was SIFE World Cup Live!, an interactive platform that combined multiple online sources and social media sites into onearea for live chats, photos, videos and results. More than 21,000 people followed and participated in the SIFE World Cup through thisvirtual destination. nline Particip 00 O ant 700% 3,000 18,0 s increase in attendance over the last decade. Event 21,000 2,000 2,400 Students 3,000 Attendees Total Participants 500 Judges/ 1,000 Business Guests 100 Faculty & Administrators2001 2012 Conventional Vertical Stacked Logo Special Horizontal LogoSIFE WORLD CUP SPONSORS: Edcon Logo - New 4/14/08 3:44 PM Page 1 C M Y CM MY CY CMY K Composite SIFE Annual Report: 2011 | 51 SIFE Annual Report: 2011 | 51
  52. 52. PARTNERS AND DONORS Our corporate and organizational partners play an essential role in advancing SIFE’s work to improve lives, strengthen communities and develop socially responsible business leaders. These generous supporters contribute to the overall SIFE worldwide organization as well as individual SIFE country operations through partner memberships, sponsorships, strategic partnerships, special grants and in-kind gifts.52 | SIFE Annual Report: 2011
  53. 53. SIFE Annual Report: 2011 | 53
  54. 54. $500,000 USD and up $200,000-$499,999 USD54 | SIFE Annual Report: 2011
  55. 55. $100,000-$199,999 USD Khazanah Nasional Berhad TD Bank Spa-Hakuhodo Financial Group The TDL Group AVI Limited SIFE Annual Report: 2011 | 55
  56. 56. $50,000 - $99,999 USd Absa Foundation Conventional Vertical Stacked Logo Special Horizontal Logo The Canadian Imperial Bank of Commerce The Crown Property Bureau Recreate PMS East Water Resource Development & First City Fonterra The Forzani Managemen Public Monumental Bank Australia Group Limited Company Limited Ministry of International Youth & Sport of the Resources Group (IRG), Republic of Azerbaijan USAID Nedbank Royal Initiative Scotiabank Discovery Institute Thai Beverage Public Company Limited $25,000 - $49,999 USd Americana AkzoNobel Group S A L E S & M A R K E T I N G Beijing Hualian BP Europe SE ® Commercial Dayang International Trands Bank 3/8" Minimum Size Durban Business DEAN BLUE DEAN GREEN DEAN LIGHT GREEN PMS 287C PMS 3298C PMS 369C Dean Master Signature - Horizontal Enhancement Ecobank Initiative56 | SIFE Annual Report: 2011
  57. 57. Evonik First Industries ExxonMobil Hydrocarbon GDF Suez Nigeria Heineken Millennium Challenge Account Ministry of Youth & Sports Mobinil OCP Group of Morocco Orascom OrascomConstruction Telecom Qantas Ranstad Industries RWEnPower Sasol Limited The Stock Exchange of Thailand Wilkinson Woolworths SIFE Annual Report: 2011 | 57
  58. 58. $5,000 - $24,999 USD Abbott ECRG Oriental Group US Embassy/Morocco Able Sales Fondation & Institut CDG Oriental Weavers Van Gansewinkel Groep ABN AMRO Fondation VINCI Autoroutes Ormit Viadeo AGBank Franz Haniel & Cie Permodalan Nasional Berhad Waitrose Ahold Freight Handlers Perrigo Company Winkelman en van Hessen Alakor Corporation Freudenberg Philip Morris Singapore Private Limited WNS Global Services Alliander Friends of the Industry Porsche Xinfei Álvaro Minondo Fundación Juan Bautista Gutiérrez PostNL Ziggo American Express Fundación Pantaleón Productora Centroamericana de Alimentos, S.A. Zimnat Life Assurance AngloGold Ashanti Gauteng Enterprise Propeller R. R. Donnelley & Sons Company Arla Foods Greencore Radio Express FM ASDA Holsum Reject Shop/The Ashland Hotel Cadenza Hikarigaoka Rent-A-Center Asian Arc Mining Resources, Inc. Hoteles Princess de Guatemala, S.A. Rich Graviss Products Pvt. Ltd. Atlantic Canada Opportunities Agency/The Institute of Economics and Trade of TSUC Rockwell Attijari Bank Inter Region Economic Network, Kenya Royal Bank of Scotland Australian AID International Paper Sagittarius Mines, Inc. Australian Industry Group International Produce Schiphol Group Azimbaev, Umraliev & Associates IPMC Senegalese Ministry of Higher Education Bacardi Jones Lange LaSalle SharePeople Ball Packaging Europe Joseph Enterprises SK Happiness Foundation BASF Juhayna Small Business Laboratory Bernard Hodes Group KankenTechno Softline Limited Best Buy Co., Inc. Kao SONATEL Foundation Billetts KAS Standard Bank BorgWarner Kellogg’s India Standard Life British Embassy Korea Economy Education Association SUEZ ENVIRONNEMENT Bunge Korn/Ferry Suiza Dairy Burger King Kyrgyz-Russian Slavic University SUN InBev Canadian Youth Business Foundation La Marocaine Vie SwaziBank Capgemini Mahidol University Swaziland Electricity Company Centrica Makro (Metro) Swaziland Water Services Corporation Cerebra Mann and Associates Syngenta East Africa Chow Tai Fook Metro AG Talanx City Lodge Group Limited/The MicroKing TCL Compass Group Mindfield RPO Group Inc. Telekom Corporate Express Mol Bulak Finance TELUS Canada Cosumar Molinos de Puerto Rico Tenaga Nasional Berhad Coty MRL Gold Philippines, Inc. Tengelmann Dalkia Polska MTN Tetrad Investment Bank DDB Latina Puerto Rico MTS Trelleborg Destimoney Securities Pvt. Ltd. National Bookstore Inc. Tunisiana Dow Corning Nederlandse Spoorwegen (Dutch Railways) Union Bank East Penn NuSkin UNITE Group eBay Foundation OneSteel University of International Business Ebbinge Orange Ink University of Swaziland58 | SIFE Annual Report: 2011
  59. 59. TRADE ASSOCIATION & MEDIA PARTNERSINDIVIDUAL DONORS$100,000 and up Mike Merriman Jerry & Glenna Brown Jamie MacKayThe Walton Family Foundation, Inc. Tom & Mary Lynn Moser Ken Colby Jim MahaffyThe Shewmaker Family Sharon Orlopp Joe Crafton Bernard J. MilanoThe John Dobson Foundation Mark Timbie Doug Degn Chris MillsBob & Mindy Rich Melisa & JF Denis Thomas O. & Mary A. Minner $2,500 - $4,999 Tanya Domier Bruce A. & Carol E. Nasby$10,000 - $99,999 Bill Buckner Art & Sherri Drogue Alberto NavarroGuillaume Bastiaens Guy Bury Mike Duke Chris NeugentDave & Mary Bernauer Joe & Beverly Hardin Tony Dunning Rob PatersonGene Bicknell Jeff & Marissa Hollander Chuck Fehlig Donna & Don PattersonJudith L. Borck Page Lee Hufty Bell Ben J. Fischer Vijay & Jill ShankarDoug & Leigh Conant Dick Hynes Ted & Sandi Fox Luis SilvaIan Craig Peter & Meg Mason Amy Harder Mark Singleton & CheriJules & Gwen Knapp Chris Moses David Henderson Greg & Amy SmithDoug & Shelley McMillon Keith & Regina Province Rob Henderson Robert SwellieAlvaro Minondo Muzaffar Rahmatulloev Bill Hickey Yvonne ThevenotMargaret & Daniel Ranzman Foundation Alvin & Elizabeth Rohrs Joe Hoff Tim & Yvonne TollDon & Jo Ann Soderquist Jack Sinclair The John Family Brian & Martha TownsonChristopher J. Williams Stiles-Nicholson Foundation Olimi Karimzod Nic & Melissa Vit Mr. Stanislav Karpovich Rex Warr$5,000 - $9,999 $1,000 - $2,499 Mukaddas Kodirova Zev WeissSkip & Linda Aldridge Ian Aitken Dr. Rick Kyle Mark WelsLex Baugh Nicole Almond Ellen Langas Jacqueline & Mark WitteJoel Conner David Blumenthal Nathan Laurie Zohra ZoriJack Kahl Dean Blumenthal Joey LevisteShaun Kelly Jerad Boyd Troy Link SIFE Annual Report: 2011 | 59
  60. 60. BLANK PAGE60 | SIFE Annual Report: 2011
  61. 61. Financial Results At-A-GlanceSIFE Worldwide Revenue: $13,854,129 USD 7.4% increase from previous year Change in Net Assets: $1,323,366 USDEXPENSES FUNDRAISING 11% Program Services - 84% Fundraising - 11% Management & General - 5% MANAGEMENT & GENERAL 5% PROGRAM SERVICES 84% 2010-2011Annual Report: 2011 | 61 SIFE SIFE Annual Report
  62. 62. SIFE Consolidated Statements of FINANCIAL POSITION August 31, 2011 and 2010 Assets 2011 2010 Cash and equivalents $1,279,135 $1,274,805 Accrued interest and other receivables $10,564 $22,475 Prepaid supplies $35,471 $21,535 Prepaid expenses $380,527 $210,846 Investments $2,620,187 $2,261,797 Contributions receivable, net of allowance 2011 - $10,000 and 2010 - $15,000 $2,150,409 $3,020,945 Property and equipment, net $7,645,910 $7,713,759 Other $64,318 $56,902 Total assets $14,186,521 $14,583,064 Liabilities & Net Assets 2011 2010 Accounts payable $347,314 $278,022 Accrued expenses $259,370 $244,776 Accrued incentive salaries $203,301 $234,467 Long-term debt $756,953 $2,529,582 Total liabilities $1,566,938 $3,286,847 Net Assets 2011 2010 Unrestricted $7,063,163 $5,257,547 Temporarily restricted $3,935,217 $4,417,467 Permanently restricted $1,621,203 $1,621,203 Total net assets $12,619,583 $11,296,217 Total liabilities and net assets $14,186,521 14,583,06462 | SIFE Annual Report: 2011
  63. 63. ACTIVITIESAugust 31, 2011Revenues, Gains and Other Support 2011 Unrestricted Temporarily Permanently Total Restricted RestrictedContributions $3,744,666 $8,798,046 - $12,542,712Grants - $18,329 - $18,329In-kind contributions $978,804 - - $978,804Investment return $31,180 $259,152 - $290,332Other $23,952 - - $23,952Net assets released from restrictions $9,533,567 ($9,533,567) - -Total revenue, gains and other support $14,312,169 ($458,040) - $13,854,129Expenses and Losses 2011 Unrestricted Temporarily Permanently Total Restricted RestrictedProgram services $10,528,787 - - $10,528,787Management and general $595,953 - - $595,953Fundraising $1,381,813 - - $1,381,813Provision for uncollectible contributions - $24,210 - $24,210Total expenses and losses $12,506,553 $24,210 - $12,530,763Change in Net Assets 2011 Unrestricted Temporarily Permanently Total Restricted RestrictedChange in Net Assets $1,805,616 ($482,250) - $1,323,366Transfer from Change in Control of - - - -SIFE China and SIFE MexicoNet Assets, Beginning of Year $5,257,547 $4,417,467 $1,621,203 $11,296,217Net Assets, End of Year $7,063,163 $3,935,217 $1,621,203 $12,619,583 SIFE Annual Report: 2011 | 63
  64. 64. ACTIVITIESAugust 31, 2010 Revenues, Gains and Other Support 2010 Unrestricted Temporarily Permanently Total Restricted Restricted Contributions $4,631,932 $6.958,968 - $11,590,900 Grants - $179,360 - $179,360 In-kind contributions $1,026,142 - - $1,026,142 Investment return $4,399 $80,954 - $85,353 Other $18,662 - - $18,662 Net assets released from restrictions $8,386,822 ($8,386,822) - - Total revenue, gains and other support $14,067,957 ($1,167,540) - $12,900,417 Expenses and Losses 2010 Unrestricted Temporarily Permanently Total Restricted Restricted Program services $10,857,744 - - $10,857,744 Management and general $626,793 - - $626,793 Fundraising $1,209,356 - - $1,209,356 Provision for uncollectible contributions - $20,000 - $20,000 Total expenses and losses $12,693,893 $20,000 - $12,713,893 Change in Net Assets 2010 Unrestricted Temporarily Permanently Total Restricted Restricted Change in Net Assets $1,374,064 ($1,187,540) - $186,524 Transfer from Change in Control of $32,056 - - $32,056 SIFE China and SIFE Mexico Net Assets, Beginning of Year $3,851,427 $5,605,007 $1,621,203 $11,077,637 Net Assets, End of Year $5,257,547 $4,417,467 $1,621,203 $11,296,21764 | SIFE Annual Report: 2011
  65. 65. NET ASSETS Permanently Restricted $1,621,203 Temporarily Restricted $3,935,217 2011 Unrestricted $7,063,163 Unrestricted Permanently Restricted Temporarily Restricted Permanently Restricted $1,621,203 Temporarily Restricted $4,417,467 2010 Unrestricted $5,257,547 SIFE Annual Report: 2011 | 65
  66. 66. COLLEGE & UNIVERSITY MEMBERS SIFE establishes programs on campuses around the world to mobilize students to develop community outreach projects to improve the quality of life and standard of living for those in need. For the 2010-2011 program year, SIFE grew to more than 1,600 active university teams.66 | SIFE Annual Report: 2011
  67. 67. SIFE Annual Report: 2011 | 67