At Linked Arms Youth Services, we believe in operating with full transparency and accountability to build trust with our supporters and community. Here's how we demonstrate our commitment to openness and responsible financial management:

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• Registered Non-Profit

  • We are a licensed 501(c)(3) organization, recognized as a tax-exempt non-profit since May 2022. All contributions to our organization are tax-deductible as allowed by law.

• Funding Plans

  • Our funding plans include pursuing grants, hosting fundraising events, and accepting contributions from private donors. We are committed to utilizing these resources responsibly and efficiently to achieve our mission and vision.

• Budget Breakdown

  • Once we begin receiving donations, we will provide a detailed budget breakdown that outlines how funds are allocated. This will include program expenses, staff salaries, administrative costs, and other relevant expenses. Our priority is to direct spending towards our mission and the youth we serve.

• Financial Policies and Procedures

  • We have established financial policies and procedures to ensure the proper management of our organization's funds. These guidelines cover financial reporting, expense approval processes, and internal controls to prevent fraud or misuse of funds.

• Board and Governance

  • Our board members play an active role in overseeing our organization's financial matters. They are responsible for approving budgets, monitoring expenses, and ensuring accountability.

• Regular Financial Updates

  • We are committed to providing regular financial updates to our supporters through annual reports, newsletters, or updates on our website. This will help maintain transparency and accountability as our organization grows.

• External Audits 

  • As our organization receives funding, we plan to have external audits conducted by a reputable accounting firm. We will make the audit results available to the public to further demonstrate our commitment to transparency and responsible financial management.

 

By being open and accountable in our financial practices, we aim to build trust with our supporters and the community, ensuring the long-term success and sustainability of Linked Arms Youth Services.