How We're Funded
Financial Management Philosophy
My Brother’s Keeper is committed to the following financial management practices:
- Having faith in God to provide for the ministry’s needs through the generosity of people
- Avoiding the accumulation of funds. We believe money should pass through us to serve those in need, not remain with us.
- Strong stewardship which maximizes program expenditures while minimizing administration and fundraising costs
- Staff wages which are fair and reasonable — not excessive
- Annual planning and budgeting based on the level of giving and our resources
- Spending and expansion at a rate that does not incur indebtedness
- Oversight by a volunteer Board of Directors including a Treasurer who is a CPA
- Annual audits by an independent certified public accounting firm
- Disclosure of current audited financial statements upon request
- Avoidance of any conflict of interest that would compromise the good reputation of My Brother’s Keeper
- Full compliance with the guidelines of the Commonwealth of Massachusetts and the United States Internal Revenue Service