2009.05.09: May 9, 2009: Headlines: Figures: COS - Swaziland: NGO's: Animal Rights: Cape Cod Times: IFAW president Fred O'Regan needs to cut the organization's operations budget from $53.6 million to $36.1 million

Peace Corps Online: Directory: Swaziland: Special Report: Environmental Activist and Swaziland RPCV Fred O'Regan: February 9, 2005: Index: PCOL Exclusive: RPCV Fred O'Regan (Swaziland) : 2009.05.09: May 9, 2009: Headlines: Figures: COS - Swaziland: NGO's: Animal Rights: Cape Cod Times: IFAW president Fred O'Regan needs to cut the organization's operations budget from $53.6 million to $36.1 million

By Admin1 (admin) (151.196.7.28) on Sunday, May 24, 2009 - 1:39 pm: Edit Post

IFAW president Fred O'Regan needs to cut the organization's operations budget from $53.6 million to $36.1 million

IFAW president Fred O'Regan needs to cut the organization's operations budget from $53.6 million to $36.1 million

Throughout last fall, IFAW trimmed its operations budget without reducing staff. In January, the organization laid off 10 percent of its worldwide work force, including 26 employees at its Yarmouthport location. Those cuts left a staff of approximately 140 working at the headquarters. O'Regan's message notes these layoffs and continues, "We now need to find additional structural ways to reduce expenses so that we operate in a way that is proportionate to our substantially decreased budget." He also cites a goal of casting the organization "as a smaller, more flexible and financially secure institution for the future." Fred O'Regan, President of the International Fund for Animal Welfare served as a Peace Corps Volunteer in Swaziland.

IFAW president Fred O'Regan needs to cut the organization's operations budget from $53.6 million to $36.1 million

Budget woes force IFAW restructuring

By Sarah Shemkus
sshemkus@capecodonline.com

May 09, 2009

Facing substantial budget reductions, the Yarmouthport-based International Fund for Animal Welfare has announced it will undertake a "significant restructuring," a plan likely to include further layoffs at the nonprofit organization.

"At this time we do not anticipate that our finances will recover during the coming year," IFAW's executive team said in a statement yesterday.

The organization will carry out a three-year strategic restructuring plan intended to help it adapt to its reduced budget. Some of the actions will begin immediately, the statement said, while others will occur in the coming days and weeks.

Messages left at IFAW headquarters asking for further details were not returned yesterday.

The statement attributed the budget shortfalls to "financial and operational circumstances."

In January, IFAW president Fred O'Regan said smaller donations were coming in and the troubled stock market had taken its toll on the organization's investments.

A recent internal message from O'Regan to employees, obtained by the Cape Cod Times, cited a need to cut the organization's operations budget from $53.6 million to $36.1 million. Net revenues for fiscal 2009, which ends on June 30, are down by 32 percent from what was budgeted, the message says.

Throughout last fall, IFAW trimmed its operations budget without reducing staff. In January, the organization laid off 10 percent of its worldwide work force, including 26 employees at its Yarmouthport location.

Those cuts left a staff of approximately 140 working at the headquarters.

O'Regan's message notes these layoffs and continues, "We now need to find additional structural ways to reduce expenses so that we operate in a way that is proportionate to our substantially decreased budget."

He also cites a goal of casting the organization "as a smaller, more flexible and financially secure institution for the future."

According to the executive team statement, the three-year plan will include efforts to consolidate program and operational services, leverage program work to generate revenue, rely more on partnerships with other organizations to deliver program services, diversify sources of revenue and expand the revenue base in the United States.

The number of employees these moves would affect has not yet been determined, according to the statement.

Further details would not be available until after June 30, the statement said, citing the need to comply with employment laws in the many parts of the world in which it operates.

IFAW operates from offices in 17 countries, located on every continent except Antarctica.




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Headlines: May, 2009; RPCV Fred O'Regan (Swaziland); Figures; Peace Corps Swaziland; Directory of Swaziland RPCVs; Messages and Announcements for Swaziland RPCVs; NGO's; Animal Rights





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Story Source: Cape Cod Times

This story has been posted in the following forums: : Headlines; Figures; COS - Swaziland; NGO's; Animal Rights

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