Financial Accountability
ECFA is an accreditation agency dedicated to helping Christian ministries earn the public's trust through adherence to Seven Standards of Responsible Stewardship™, which focus on board governance, financial transparency, integrity in fundraising, and proper use of charity resources.
Founded in 1979, ECFA provides accreditation to leading Christian nonprofit organizations that faithfully demonstrate compliance with established standards for financial accountability, fundraising and board governance. Members include Christian ministries, denominations, churches, educational institutions and other tax-exempt 501(c)(3) organizations. Collectively, these organizations represent nearly $20 billion in annual revenue.
Each of the more than 1,600 members of ECFA is in compliance with ECFA's Standards and has functioned for at least 12 months after receiving its 501(c)(3) ruling letter from the IRS (waived for churches that have operated for at least 12 months). Members have received revenues of more than $50,000 during its last fiscal year and have obtained financial statements prepared by an independent CPA.
ECFA membership entitles a ministry to use the ECFA seal and receive other membership benefits. The continuing use of the seal depends on the ministry's good faith compliance with all ECFA Standards.
Capin Crouse LLP began providing professional services to Brooklyn Tabernacle in June of 2008, issuing quarterly reviewed financial statements and conducting the annual audit. We have also been engaged to provide additional services that improve the timeliness and accuracy of internal financial reporting and enhance internal control systems. It has been our privilege to act as Brooklyn Tabernacle's external, independent advisor and to recognize their commitment to financial integrity. Their management has shown a consistent willingness to make critical adjustments as they navigate their growth in this challenging economy and in consideration of the best financial practices in American churches.
--Capin Crouse LLC
America's Christian Credit Union is very proud of its three-year financial partnership with The Brooklyn Tabernacle. Unquestionably, the recent financial crisis has presented significant challenges for churches and non-profit organizations. Without compromising the mission and ministry of the church, The Brooklyn Tabernacle continues to make sound financial decisions, demonstrating the exceptional quality of their leadership. Our management, auditors, examiners, and Board of Directors possess a high degree of confidence in the integrity and professionalism of their financial processes and hold their ministry in the highest regard.
--Mendell Thompson, CEO, America's Christian Credit Union
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