SEforALL 2020 Financial Audit Report

The SEforALL 2020 Financial Audit Report, conducted by Mazars Austria GmbH, provides an independent audit of the financial statements of Sustainable Energy for All Verein für nachhaltige Energie for the fiscal year ending December 31, 2020. The auditors issued an unqualified opinion, stating that the financial statements present fairly the organization's assets, financial position, and performance in accordance with Austrian Generally Accepted Accounting Principles and the Austrian Association Act.

• Mazars Austria GmbH concluded that the financial statements for the fiscal year from January 1st, 2020 to December 31st, 2020, were prepared in accordance with legal regulations and fairly represent the organization's financial position and performance.
• The organization's total assets as of December 31, 2020, were $22,870,759, a significant increase from $9,097,518 on December 31, 2019. This growth was driven largely by an increase in receivables (debtors), which rose to $14,997,526 from $3,843,673 the previous year.
• Total income for the 2020 period was $10,391,612, compared to $10,551,418 in 2019. Total expenses for 2020 were $10,661,927, compared to $10,576,632 in 2019.
• Personnel expenses were the largest expenditure category in 2020, totaling $6,360,399, an increase from $5,177,686 in 2019. Other significant operating expenses included legal and professional fees at $2,557,154.
• Deferred income increased substantially to $22,301,473 as of December 31, 2020, from $8,899,010 in 2019. Major contributors to this deferred income include The Rockefeller Foundation ($6,713,849), Stichting IKEA Foundation ($5,431,082), and GIZ GmbH ($3,805,249).
• In 2020, SEforALL recognized $23,794,075 in new donor income and in-kind contributions, a sharp increase from $10.3 million in 2019. This included $7.5 million in non-earmarked contributions from the Stichting IKEA Foundation.
• The organization received $1.0 million in estimated in-kind contributions in 2020, primarily consisting of consultancy services from McKinsey & Company. This is an increase from $0.5 million in 2019.
• The auditors found no evidence of material weaknesses in internal controls over financial reporting, nor any facts suggesting doubt about the organization's ability to continue as a going concern.
• SEforALL's average staffing increased from 38 occupied positions in 2019 to 47 in 2020.
• The organization is registered as a Quasi-International Organisation in Austria, and its status as a non-profit social impact organization (Gemeinnuetzigkeit) was extended by the Austrian Ministry of Finance to December 31, 2022.

APA

Sustainable Energy for All (n.d.). SEforALL 2020 Financial Audit Report. https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf

Chicago

Sustainable Energy for All. SEforALL 2020 Financial Audit Report. n.d. https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=SEforALL 2020 Financial Audit Report |url=https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforallndseforall, author = {{Sustainable Energy for All}}, title = {{SEforALL 2020 Financial Audit Report}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }