Zakat Foundation™ Indonesia is a non-profit organization based in Indonesia that aims to empower the poor and needy through the principles of zakat (Islamic charity). The organization has been operating since 2003 and has been successful in its efforts to provide humanitarian aid to those in need. In this article, we will explore the legal and financial documents of Zakat Foundation™ Indonesia.
Legal Documents:
Establishment Deed: The establishment deed is the legal document that establishes Zakat Foundation™ Indonesia as a legal entity. It contains information about the purpose of the organization, its members, and its structure.
Certificate of Incorporation: The certificate of incorporation is issued by the Indonesian government and certifies that Zakat Foundation™ Indonesia is a legally recognized non-profit organization.
Taxpayer Identification Number (TIN): The TIN is a unique number issued to Zakat Foundation™ Indonesia by the Indonesian tax authorities. This number is used to identify the organization for tax purposes.
Social Welfare Organization (SWO) Certificate: The SWO certificate is issued by the Indonesian Ministry of Social Affairs and certifies that Zakat Foundation™ Indonesia is a recognized social welfare organization.
Annual Reports: Zakat Foundation™ Indonesia is required to submit annual reports to the Indonesian government. These reports contain information about the organization's activities, finances, and governance.
Financial Documents:
Audited Financial Statements: Zakat Foundation™ Indonesia is required to have its financial statements audited by an independent auditor. These audited financial statements provide an accurate and transparent view of the organization's financial activities.
Budgets: Zakat Foundation™ Indonesia prepares annual budgets that outline its expected income and expenses for the year. These budgets are used to guide the organization's financial decisions and ensure that it stays on track financially.
Donation Records: Zakat Foundation™ Indonesia maintains detailed records of all donations received. These records include information about the donor, the amount donated, and the purpose of the donation.
Bank Statements: Zakat Foundation™ Indonesia maintains bank statements for all its accounts. These statements provide a record of all the organization's financial transactions, including deposits, withdrawals, and transfers.
Internal Controls: Zakat Foundation™ Indonesia has internal controls in place to ensure that its finances are managed properly. These controls include segregation of duties, regular financial reporting, and oversight by the board of directors.
Conclusion:
Zakat Foundation™ Indonesia's legal and financial documents provide a transparent and accurate view of the organization's operations. The organization's commitment to financial transparency and accountability is reflected in its detailed financial reports and rigorous internal controls. This commitment has earned Zakat Foundation™ Indonesia a strong reputation in the non-profit sector and has helped it to attract donations from individuals and organizations that trust the organization's mission and values.
