FINANCIAL
ACCOUNTABILITY
Annual Report
Financial statistics cover 12-month
of July 2005 to June 2006. For questions, please call
our Finance Director at 503.256.0808.
| Fiscal Year Financial Report |
| July 2006 to June 2007 |
| |
|
| Sources of Income |
| Individuals |
$1,293,235 |
| Churches |
$135,682 |
| Grants |
$152,984 |
| Donated goods & services |
$904,550 |
| Other |
($3,209) |
| Total Income |
$2,483,242 |
| |
|
| Expenses |
|
| Client Services & Programs |
$1,936,597 |
| Development & Fundraising |
$402,651 |
| Administration |
$234,649 |
| Total Expenses |
$2,573,897 |
| |
|
| Volunteers |
|
| Hours |
17,853 |
| Value of Volunteer Time |
$222,542 |
Evangelical Council for Financial
Accountability
PRC is a member of the Evangelical Council for Financial
Accountability (ECFA). ECFA is an accreditation agency
dedicated to helping Christian ministries earn the public’s
trust through adherence to seven Standards of Responsible
Stewardship. Founded in 1979, it is comprised of over
1,100 charitable, religious, missionary, social, and
educational tax-exempt, nonprofit 501(c)(3) organizations.
ECFA’s Standards of Responsible Stewardship focus
on board governance, financial transparency, integrity
in fund-raising, and proper use of charity resources.
Compliance with the Standards is monitored
in many ways, including:
1. All ECFA members must annually submit membership
review information including audited financial statements,
IRS Form 990, salary information, fund-raising appeals,
board composition, changes in organizing documents,
and much more to verify compliance with the Standards.
2. ECFA conducts on-site field reviews at over 10%
of its membership each year. These field reviews serve
to verify the information submitted in the annual membership
review, confirm compliance with the ECFA membership
Standards, and give support to the member organizations.
3. ECFA responds to complaints against member organizations.
All such complaints are investigated thoroughly in order
to determine possible noncompliance with the Standards.
ECFA provides several services to the donor public
as well. Disclosure requirements enable donors to request
and receive audited financial statements for all ECFA
members. ECFA’s website contains a membership
directory with selected financial information of all
its members, guidelines for giving, the Donor’s
Bill of Rights, and general information helpful to the
giving public. In addition, ECFA staff provides information
to donors on a variety of issues.
Through its publications and services, ECFA informs
its members of current administrative, financial, fund-raising,
legislative, postal, and promotional matters of common
concern.For more information about ECFA, please visit
ecfa.org.

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