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Financial Accountability |
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The US Internal Revenue Service
classifies Avant Ministries as a tax-exempt organization under Section 501(c)(3).
The Canada Revenue Agency (CRA) classifies Avant as a Canadian
Registered Charity (Charitable Business Number 11894 2564 RR0001).
Avant
is a member in good standing of Cross Global Link (formerly the IFMA), the Evangelical Council for Financial
Accountability (ECFA), and the Canadian Council of Christian Charities
(CCCC). All three of these groups maintain definite requirements of
member missions in the area of finances, insisting that members submit
to an annual audit, demonstrate accountability of all funds received,
and practice full financial disclosure.
Avant operates under
the direction of a Board of Directors, which sets organizational priorities and goals, and holds Avant management
responsible for meeting said goals.
Annual planning and budgeting is done based on the level of expected giving for a year.
Annual
audits are conducted of the International Service Center of Avant
Ministries by Capin & Crouse of Greenwood, Indiana. Audits of the
Canadian office are performed annually by PriceWaterhouseCoopers. On-site field
audits are done periodically by Capin & Crouse, accompanied
by members of the Avant Ministries accounting staff.
Our latest audited financial statement is available upon request.
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