Financial Accountability
We have determined to maintain a high degree of financial integrity as responsible stewards of the resources of God's people. We believe that every gift sent to us is a loving sacrifice. Therefore, our obligation is to spend every penny judiciously and wisely in order to successfully carry out the mission and vision of this organization.
To further ensure financial integrity and accountability, Macro-Micro Enterprise Development Inc. will endeavor to conform to the standards established by such bodies as the Evangelical Council for Financial Accountability (ECFA), a watchdog group created to help ensure ethical fund-raising and administrative practices among nonprofit Christian organizations.
The following policies govern our financial practices:
Macro-Micro Enterprise Development Inc. is governed by an independent Board of Directors. The Board is committed to the Lordship of Jesus Christ and His principles for the success of business units formed under the guidance of M-MED. The MMED Board has final authority over the organization’s financial operations.
- We will surely make our needs known to our friends and supporters but we will not put anyone on a guilt trip in order to get contributions. Even when the needs are great, we will not resort to any form of disrespectful or dishonoring methods of fund raising.
- We will be determinate in our fundraising endeavors but we will be prudent in using the money to foster the MMED mission and according to need.
- All monetary and other contributions made to Macro-Micro Enterprise Development lnc. will be receipted appropriately.
- The financial records of the organization shall be audited periodically and made available to appropriate entities and individuals to ensure transparency and maintain financial accountability with integrity.
- The finance team will evaluate MMED’s financial standing periodically to ensure solvency.
- The finance team shall review all requests for loans and prepare the annual budget in accordance with ministry needs.