financial accountability

Accountability

 

For a non-profit organization, financial accountability is important to our integrity as an organization, and we have developed a set of principles and guidelines to point the way we use the resources God has entrusted to Lambs of Love.

 

Lambs of Love Principles and Guidelines for Financial Accountability

 

  1. All contributions received, regardless of the amount, are considered sacred to the organization to which God has called us. We commit to prayerfully seek ways that we can stretch each dollar given by our donors in order to make the greatest impact for our mission. All contributions received for a designated purpose will be accounted for separately from the general contributions to ensure their use for the intended purpose. When gifts exceed the needs of a specific project, funds will be allocated to other equally important outreaches of Lambs of Love.

 

  1. Lambs of Love will provide a tax receipt in accordance with the rules and regulations of the IRS for each contribution received.

 

  1. Lambs of Love will not sell or trade our donor list to any organization or institution. We will maintain the confidentiality and integrity of our donors at all times.

 

  1. Lambs of Love diligently seeks to pay our vendors and suppliers within thirty days of receiving an invoice. We understand that timely payment is important to the success of those with whom we do business.

 

  1. Currently, there are no paid Lambs of Love staff. All staff are volunteer. Shirley Wecker dose not accept a salary from Lambs of Love.

 

  1. Lambs of Love does not receive any grants or funding from any government agencies.

 

  1. Officers of the board are not paid and do not receive royalties for any product that is sold through the organization or used for fundraising or other promotional purposes by Lambs of Love.

 

  1. Lambs of Love adheres to generally accepted accounting procedures and conducts an annual audit by an independent, national auditor to maintain strong financial accountability. Related party transactions also undergo a full detailed audit at regular intervals to ensure integrity of all operations.

 

 


 

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