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17 DECEMBER - 2007/2008 IYPF Reflections and Report
Translations available in: English (original) | French | Spanish | Italian | German | Portuguese | Swedish | Russian | Dutch | Arabic

The IYPF consolidated its developments in the 2006/2007 financial year and continued to implement its new strategic plan over the course of 2007/2008.

Overall, we continue to build and resource a global network of young professionals who are creating a better world for current and future generations through local and global action:
• Facilitating conversations and information sharing between young professionals that informs and inspires them to take action on important local and global issues through online communities, newsletters, blogs, publications, and presentations.
• Running projects that facilitate youth and young professional led social change, e.g. the Blueprint Project, to nurture youth entrepreneurship; the Youth & Sustainable Communities project to develop young sustainability leaders
• Assisting young professionals to start and run successful community projects and local events
• Convening regular international summits of young professionals, i.e. 3rd IYPS in Manchester, UK in August 2008

In the 2007 / 2008 Financial Year the IYPF had 4 major sources of income:
1. Membership payments from young professionals
2. Interest on accounts
3. The otherWISE project
4. The Foundation for Young Australians Youth Change Maker grant

The Youth Change Maker grant was receipted and expended over the course of the financial year. The otherWISE project income and expenditure delivered a slight loss on our operations. Overall, the Foundation recorded a slight loss ($695), which was a significant improvement on the previous year (loss of $2213). Significantly, membership income increased ($803 compared to $54) and overall revenue increased from $1804 in 2007 to $15008 in 2008. The end of financial year loss reduced our equity to $6927 moving in to the new financial year.

The principal activities of the year remained focused around the Company’s objectives:
• To promote and encourage the work done by young professionals in effecting positive global change.
• To facilitate the implementation of projects developed by members to address the issues of concern in the global community, which are consistent with the objects of the company, including the raising of funds where necessary.
• To further the networks formed during the International Young Professionals Summit 2001 and provide an ongoing platform for organisation and convening of future events and Summits and projects.
• To promote recognition of, mobilise and enhance the capacity of Young Professionals internationally to provide leadership and take action on global issues
• To undertake research and advocacy in regards to issues identified by members as vital to the
creation of a preferred global future.

The IYPF continued to pursue its vision and mission:
• VISION - A global community of young professionals creating a better world for current and future generations through local and global action
• MISSION - Informing, inspiring and equipping young professionals to change their world for good.

Much of the second half of the financial year focused on organising the 3rd International Young Professionals Summit, the IYPF’s flagship international conference. This event was held in Manchester, UK, in August 2008.

Convening the International Young Professionals Summit 2008 drained all of the IYPF’s human and financial resources, as well as leading to a complete rethinking of the IYPF’s operational goals and activities.

Over the course of the 2008/2009 financial year, the IYPF will need to:
• develop a new strategy
• engage a new leadership team
• focus on significant fundraising activities to secure operational revenue

A number of developments will likely impact on operations in future years:

(a) The IYPS 2008 in the UK may have important tax and income implications for the IYPF, i.e. overseas income. The Board and executive will need to research – and possibly engage some expert opinion – in regards to the impact of these activities on income tax exemption assessments.
(b) A new focus on engaging young professionals in the Millennium Development Goals between now and 2015 will require a rethinking of strategy and a different operational emphasis

December 17, 2008 | 6:41 AM Comments  0 comments



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