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ECFA Financial

Have you ever questioned where your contributions to a religious organization go?  In a day of uncertainty such as we live, many people of faith are asking this question.  In this section we will do our very best to assure you, our faithful partners, that your financial support to Community Chaplain Service is scrutinized by our independent accounting firm, as well as meeting the rigorous standards of (ECFA), a trusted name in the religious arena assuring financial integrity. 

The Audit

Nonprofit organizations are maneuvering in a stormy sea of public skepticism, a litigious society, a punitive and restrictive governmental environment in need of revenue, and other pressures that can result in the compromise of values and integrity.  Even uncontrollable circumstances of false allegations can harm the reputation of an organization as well as the greater community in which it operates.  That’s why Community Chaplain Service, in conjunction with (ECFA), has an independent audit every year.  We believe an independent audit is fundamental to assuring the accountability of our organization’s financial data.

Although obtaining an independent audit by a CPA firm is usually voluntary, it has become a common and expected practice among nonprofit organizations.  Federal laws governing tax-exempt organizations do not require audits unless federal funds are provided.  However, many boards and resource providers, such as donors, foundations, and financial institutions, see the audit as essential and truly a wise investment that:

            ● Helps ensure, and is evidence of, financial accountability to an organization’s constituencies;

            ● Provides reasonable assurance that the financial statements are free of material misstatements
               so that management and the board can rely upon them when making financial and policy decisions; and

            ● Results in independent evaluation of many significant financial management areas, including internal controls,
               information systems, accounting and reporting, and compliance with tax and other significant laws of regulations.

            The yearly audit also provides the following benefits:

            ● A means of preventive maintenance, anticipating concerns and setting forth needed changes, as well as averting
               or containing problems; and

            ● An aid to the board and management in prudently fulfilling their stewardship responsibilities and fiduciary duties.

The audit of CCS finances and the disclosure of the audit are key components of the transparency.