ACTI Financial Integrity
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The purpose of this document is to provide information on how ACTI assures financial accountability, and why ACTI is not a member of ECFA® or other such organization.
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The Africa Christian Training Institute, is recognized by the IRS as a 501(c)(3) organization, and a non-profit corporation by the Sate of Tennessee. Our Ugandan arm, the Africa Christian Training Ministries an Non-government Organization - NGO in Uganda. Both ACTI and ACTM both report to their respective governments annually. We ensure Financial Accountability by the following:
- Governing Board: All officers and board members...
- Are involved in third world ministry and understand the issues such ministry raises
- Serve without remuneration and pay their own expenses to attend the annual board meeting
- Review and approve the annual ACTI/ACTM financial reports
- Bookkeeping is done in concert with a Certified Public Account with commensurate integrity and accountability
- Funds received are used as designated and to underwrite ministry and teams and not individuals as per IRS rules
- Administrative Costs are less than ½ of 1% of funds received
- ACTI annually files IRS Form 990
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Membership in Financial Accountability Organizations
ACTI is a Word and deed enabling ministry and not a missionary sending agency. We are a recognized 501(c)(3) non-profit organization here in the states and our Federal ID # is 62-1722203. We are also a registered NGO (non-governmental organization) registered with the government of Uganda (NGO Certificate # 5914/3202). Our ministry began in Uganda in 1983 and has now expanded to other African countries and even other continents on a one on one invitation basis. Attorney and CPA friends of ACTI have told us the financial cost to ACTI to belong to a group such as ECFA® would far outweigh the benefit for the following reasons:
- Virtually 100% of the funds we receive are designated and ACTI is the channel through which these funds are transferred to our various teams and ministries.
- In almost every case, the donors know the folks and/or projected they are donating to and communicate with them via email that funds are on the way. Any donor who got word that the funds they gave did not arrive would quickly contact us to find out why
- Most of our supporters are repeat donors and know ACTI is trustworthy
- We are not a big organization that makes mass appeals for general, undesignated funds, but a small group of men (and some ladies) who work together and know each other and what each other is doing and this provides a check and balance
- Funds raised are for teams and projects mostly from friends, family, and churches that know the persons or projects the funds are being raised for and and have confidence funds received are used as designated.
- Team and individuals typically send email reports to supporters so failure to use funds properly would quickly be discovered
- Our funding chain:
- Donors send funds to ACTI and most also email the recipients in Uganda that funds have been sent
- ACTI emails a receipt each time a contribution is received
- Most funds are sent by the mobile phone APP Sendwave direct to the phone of the recipient. (A small fee is charged by Sendwave and by the mobile phone company in Uganda when the funds are retrieved from the phone)
- Funds in large amounts are typically sent by international bank wire (Banks in the USA and Uganda collect fees for this service)
- Recipient then notify the donor they have received the funds, insuring accountability
- Most financial accountability organizations suggest minimum undesignated annual receipts of $100,000 before membership is warranted, otherwise the cost of membership would consume an inordinate percentage of the groups receipts. Generally, ACTI has received less than $1,000 in any given year that is undesignated
- The cost of membership would have to be deducted from funds received by ACTI which would diminish our effectiveness in the third world
- ACTI is thankful that for over 38 years, we have used less than ¼ of 1% of funds received for administrative expenses
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