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Financial Accountability
At Global Outreach, our unique ministry
involves caring for the needs of missionaries while fulfilling God’s
call in Mark 16:15, “Go into all the world and preach the Gospel to all
creation”, then trusting the Holy Spirit to touch the hearts of those
whom He wants to participate in meeting those needs.
We believe that all we have comes from God and we give it out of His hand (I Chronicles 29:14b, Dutch paraphrase).
Because the Lord supplies us with
resources for ministry through individual donors, we recognize our
accountability both to Him and to our donors. We have a
responsibility to be faithful stewards and to maintain integrity and
openness in our financial practices. Therefore, we are committed
to fulfilling the following standards:
- We subscribe to a written statement of
faith clearly affirming our commitment to the evangelical Christian
doctrine. Advancing the Gospel of Jesus Christ is the singular
objective of our financial conduct.
- We are governed by a responsible
Board of Directors. Our full Board meets at least three times
annually to establish policies, set budgets, oversee operations, and
review ministry accomplishments.
- Our financial statements are
prepared in accordance with generally accepted accounting
principles. We obtain an annual audit in accordance with
generally accepted auditing standards by an independent public
accounting firm. Copies of our current audited financial
statements are available upon request.
- Our Board reviews the annual audit.
- We seek to conduct our activities
with the highest standards of integrity and to avoid conflicts of
interest. Because we believe that it is God's place to prompt a
response to our fund-raising appeals, we shun high-pressure or
manipulative fund-raising tactics.
- Our fund-raising appeals clearly
identify the purpose and programs to which donations will be applied,
and we ensure that donations are used for the purposes for which they
were raised.
- Our Board has directed that all
contributions designated for specific projects shall be applied to
those projects, and we may assess up to ten percent to be used for
administering the gift. Occasionally, we receive more
contributions for a given project than can be wisely applied to that
project. When that happens, we use these funds to meet a similar
pressing need.
- Our policy is to meet the needs God lays before us, so that Christ is lifted up and the Gospel advanced.
- Contributions to the ministry are
tax deductible to the full extent allowed by law. In order to
help our donors determine the tax-deductible portion of their gifts, we
receipt all donations showing the fair market value of any goods or
services provided to the donor.
- We will not operate this ministry
with indebtedness that dishonors the cause of Christ and hinders the
work of the Gospel. When we make a purchase, we pay the approved
invoice within 30 days. We do not intend to use the vendor's
money. While we may occasionally borrow funds for capital
expenditures, we promptly repay those loans.
- Out of respect for individuals'
privacy, we do not sell or rent our mailing list to other groups
wishing to use the names and addresses of our supporters. We
maintain tight security on our list of friends and supporters.
Global Outreach is
recognized by the IRS as a tax-exempt non-profit 501(c)(3)
organization. Any contributions are fully tax-deductible. |
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