Annual Report

How Your Contributions Kept Loreto Magical This Past Year

  • Your donations are instrumental in helping KLM conserve the wildlife, habitats and places that are special to the people of Loreto. These conservation programs include:

    – Coastal Restoration
    – Nopolo Park and Trail Building
    – Wildlife Rescue

  • Protecting Loreto’s environmental resources is of utmost importance to us and our donors. We strive to protect these resources for all Loretanos and future generations. Examples of our work in this area include:

    – Mining Risk Prevention
    – Recycling
    – Waste Management
    – Water Resource Protection

  • While all of KLM’s environment-focused programs strengthen Loreto’s eco-tourism future, our efforts to build conservation-friendly capacity within the community and empower local businesses, schools, and other program implementers, provides a foundation for eco-tourism to thrive well into the future. KLM’s investments in this area include:

    – Community Supported Agriculture
    – Ranch Diversification & Sustainability
    – National Marine Park Support

  • Educating future conservation leaders, expanding knowledge of our surroundings, and increasing public awareness are often the first steps towards preserving a healthy environment. This year, KLM was proud to support and enhance environmental literacy through:

    – Conservation Events & Guided Tours
    – Community Outreach
    – Public Awareness Programs

 

Financial Overview

Special thanks to all of our donors, Noche Magica contributors, and grantors, and so many others who graciously supported us and make our success a reality.

Our sincere gratitude also extends to all of the local volunteers, community members, contractors, KLM Staff, and Advisory Committee members, who worked passionately and tirelessly to achieve our mission.

Financial Notes

Note 1: TOF Administrative Fees: As a fiscally-hosted project of The Ocean Foundation, KLM pays a 10% administrative fee which is deducted from Income at the time the income is recognized. Learn more about the benefits of The Ocean Foundation’s sponsorship of Keep Loreto Magical.           

Note 2: New Expense Categories: For the benefit of our donors, starting in 2022, we are presenting our expenses in three major categories:  Program, Administrative and Fundraising expenses. Program Expenses are those costs that are spent tangentially and directly on KLM programs in the community, as compared to Administrative or Fund-Raising costs, which indirectly support our mission. By categorizing our expenses in this format, donors have greater transparency into how much of their donations are spent directly on Programs to keep Loreto magical. KLM is proud of its program efficiency, as demonstrated by its ability to consistently earmark a high percentage of donations directly for the programs our donors care about. 

It should be noted that this categorization format requires significant calculation effort as well as assumptions about how certain expenses are categorized (e.g., the cost of a tank of gas could fit multiple categories depending upon how the truck is deployed over the course of the week), so we use assumptions and estimates to categorize some of the expenses, which may or may not be valid. Accordingly, while these three major categories provide a reasonable estimate for our donors of how KLM expenses are apportioned, they should not be relied upon as a substitute for the audited consolidated financial statements of KLM's sponsor, The Ocean Foundation.