For the 2015 financial year, Fairtrade America grew revenues and continued the transition from start up to stability.
Fairtrade America achieved a healthy 23% growth in revenues in 2015, the organization’s third operational year. This was due to the positive developments in sales of products bearing the FAIRTRADE Mark, the addition of new licensees, and the associated license fees. Expenses were aimed at investing in market development, and in activities to drive awareness of Fairtrade in the United States with the goal of increasing demand for and sales of Fairtrade certified products. Fairtrade America ended 2015 in a solid financial position. This gives the organization the resources necessary to continue growing the Fairtrade market on behalf of farmers, farm workers and artisanal miners around the world.
The financial records of Fairtrade America are presented on an accrual basis of accounting and have been carried out in accordance with generally accepted accounting principles in the United States and FASB ASC 958, Not-for-Profit-Entities. The financial records of Fairtrade America are presented fairly, in all material respects, the financial position of Fairtrade America as of December 31, 2015. They give a true and fair view of the assets, financial position and profit situation. Fairtrade America has voluntarily had an audit beginning with the year they were incorporated, 2012.
The financial records of Fairtrade America were comprehensively reviewed in a voluntary audit by Gelman, Rosenberg & Freedman. The Full auditors report and the annual 990 can be found at www.fairtradeamerica.org.