Zakat Foundation™ Yemen is a non-profit organization that provides humanitarian aid to the people of Yemen. The foundation was established in 2006 and since then has been committed to serving the most vulnerable populations in the country.
In order to operate effectively, Zakat Foundation™ Yemen has put in place various legal and financial documents to ensure transparency and accountability. These documents are essential for the smooth running of the organization and to assure donors that their contributions are being used for their intended purpose.
Legal Documents:
Certificate of Registration: The Certificate of Registration is a legal document that confirms that Zakat Foundation™ Yemen is a registered non-profit organization in Yemen. This document is issued by the government and is necessary for the foundation to operate legally.
Memorandum of Association: The Memorandum of Association outlines the objectives, powers, and rules of the foundation. It is a legal document that sets out the terms and conditions of the foundation's existence and is signed by the members of the foundation.
Articles of Association: The Articles of Association are similar to the Memorandum of Association but they provide more specific details about the organization's operations, management structure, and governance.
Tax Exemption Certificate: The Tax Exemption Certificate is a legal document that exempts Zakat Foundation™ Yemen from paying taxes on its income. This certificate is issued by the government and is necessary for the foundation to operate without incurring unnecessary expenses.
Financial Documents:
Annual Financial Statements: The Annual Financial Statements provide an overview of the foundation's financial activities for a specific period of time. It includes a balance sheet, income statement, and cash flow statement. This document is audited by an independent auditor to ensure that the financial information is accurate and reliable.
Budget: The Budget is a financial document that outlines the foundation's projected income and expenses for a specific period of time. It is an essential tool for planning and decision-making.
Donor Reports: Donor Reports are financial documents that provide donors with information about how their contributions were used. These reports are usually provided on a regular basis and are intended to demonstrate transparency and accountability.
Fundraising Policies: Fundraising Policies are financial documents that set out the foundation's policies and procedures for raising funds. It includes guidelines for soliciting donations, accepting gifts, and handling donor information.
In conclusion, the legal and financial documents of Zakat Foundation™ Yemen are essential for ensuring transparency and accountability. These documents provide donors with the necessary information to make informed decisions about their contributions. The foundation's commitment to transparency and accountability is a testament to its dedication to serving the people of Yemen.
