At EFD, our pledge is to maintain effective outreaches by being good stewards of the resources entrusted to us. We have a responsibility to maintain integrity and openness in our financial practices. Therefore, we are committed to fulfilling the following standards:
- We are governed by a responsible Board of Directors. Our Board establishes policies, sets budgets, oversees operations and reviews organizational 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.
- Our Board appoints an audit committee to review the annual audit and tax filings.
At EFD, accountability and transparency are an integral part of everything we do. From every purpose restricted donation, EFD’s Board of Directors may allocate between 10% and 20% of that donation to cover its administrative and fundraising costs. If restricted donations exceed the need of the crisis, the capacity to respond to a crisis and/or when local conditions prevent effective assistance, EFD’s Board of Directors may allocate these funds to other worthy projects that help EFD fulfill its global mission of helping undeserved community in need.
We publish an annual reports and audited financial statements each year.