Financial Policies
JMA Ministries hopes to set an example among evangelical organizations by setting high standards of ethical integrity and financial accountability.
As a servant of God and a staff member of JMA Ministries, we must be good stewards of the money that has been entrusted to us. We will someday stand before the Lord to give an accounting of our stewardship, so we take this very seriously. We want to hear Jesus say, "Well done, good and faithful servant" (Matthew 25:23).
Here are our financial goals for 2016:
Our Policy Regarding Gifts & Donations
Funding of Ministries
Designated contributions to the support of JMA Ministries are greatly appreciated and a receipt will be issued for all deductible gifts for tax purposes. However, if a particular need becomes over-funded, our solicitations for that need will be discontinued, and otherwise designated funds may, at the discretion and direction of the Board of Directors and senior management, be redirected and applied to cover similar projects that are still under-funded, and then to broader projects or needs that fall within the mission and ministry purposes of JMA Ministries.
Avoid Waste, Extravagance & Maintain Low Overhead Costs
We make every attempt to run a tight ship. We continuously analyze and seek ways to reduce overhead in order that every available dollar reaches the mission field. “Overhead” includes any salary for support staff and normal expenses associated with conducting ministry business such as insurance, utilities, office supplies, etc. We encourage one another daily to avoid waste, even a sheet of paper or postage stamp. We seldom go to expensive conventions and avoid expenditures that are unnecessary. JMA Ministries uses no fund-raising agencies and does little advertising.
Accounts are prepared by independent person
The accounts of JMA Ministries are maintained by an independent person that provides the Board of Directors with monthly financial statements showing all income and expenditures and a balance sheet of assets and liabilities in accordance with generally accepted accounting principles.
No Finances, Property or Resources Shall be used for the Personal Gain
No Board or staff member shall use the resources of JMA Ministries in such a manner as to benefit financially from it, other than remuneration for services rendered or reimbursements for authorized, itemized expenses. Conflicts of interest are not acceptable nor the impression of one. Board members receive no compensation from the Mission; any full time staff receives only those benefits which are approved by the Board; and all such benefits are reported to the IRS as required by law. No individual has benefited from the mission beyond his or her prescribed allowance. At certain times, a Board Member may be allowed to do business with the JMA Ministries but only as long as it saves the organization money that would otherwise be spend on services required.
JMA Ministries hopes to set an example among evangelical organizations by setting high standards of ethical integrity and financial accountability.
As a servant of God and a staff member of JMA Ministries, we must be good stewards of the money that has been entrusted to us. We will someday stand before the Lord to give an accounting of our stewardship, so we take this very seriously. We want to hear Jesus say, "Well done, good and faithful servant" (Matthew 25:23).
Here are our financial goals for 2016:
Our Policy Regarding Gifts & Donations
- We value each gift, large and small, and will respond with receipts and promptly with thanks.
- For non-cash gifts, JMA Ministries will provide the donor(s) with a letter acknowledging receipt of the gifts. It is the donor's responsibility to establish a value of the non-cash donation.
- Non-cash gifts of property to JMA Ministries may be converted to cash and made available for ministry objectives in a timely manner after receipt.
- Although we accept credit cards for donations, we encourage all of God's people to wisely use the resources God has given them including wise use of credit cards and in as much as possible avoidance of credit card debt.
- In accordance with the IRS regulations, tax-deductible gifts are made with the understanding that JMA Ministries will administer and disburse these funds under the supervision of the Board of Directors consistent with the non-profit objectives of the organization. No goods or services are given in exchange for your donation unless otherwise noted. Every effort will be made to apply your gift according to your designation.
Funding of Ministries
Designated contributions to the support of JMA Ministries are greatly appreciated and a receipt will be issued for all deductible gifts for tax purposes. However, if a particular need becomes over-funded, our solicitations for that need will be discontinued, and otherwise designated funds may, at the discretion and direction of the Board of Directors and senior management, be redirected and applied to cover similar projects that are still under-funded, and then to broader projects or needs that fall within the mission and ministry purposes of JMA Ministries.
Avoid Waste, Extravagance & Maintain Low Overhead Costs
We make every attempt to run a tight ship. We continuously analyze and seek ways to reduce overhead in order that every available dollar reaches the mission field. “Overhead” includes any salary for support staff and normal expenses associated with conducting ministry business such as insurance, utilities, office supplies, etc. We encourage one another daily to avoid waste, even a sheet of paper or postage stamp. We seldom go to expensive conventions and avoid expenditures that are unnecessary. JMA Ministries uses no fund-raising agencies and does little advertising.
Accounts are prepared by independent person
The accounts of JMA Ministries are maintained by an independent person that provides the Board of Directors with monthly financial statements showing all income and expenditures and a balance sheet of assets and liabilities in accordance with generally accepted accounting principles.
No Finances, Property or Resources Shall be used for the Personal Gain
No Board or staff member shall use the resources of JMA Ministries in such a manner as to benefit financially from it, other than remuneration for services rendered or reimbursements for authorized, itemized expenses. Conflicts of interest are not acceptable nor the impression of one. Board members receive no compensation from the Mission; any full time staff receives only those benefits which are approved by the Board; and all such benefits are reported to the IRS as required by law. No individual has benefited from the mission beyond his or her prescribed allowance. At certain times, a Board Member may be allowed to do business with the JMA Ministries but only as long as it saves the organization money that would otherwise be spend on services required.