Zakat Foundation™ is a non-profit organization that provides humanitarian aid and assistance to people in need around the world. One of its key areas of focus is Yemen, a country that has been in crisis for many years due to ongoing conflict, political instability, and natural disasters. To ensure transparency and accountability in its operations in Yemen, Zakat Foundation™ has made its legal and financial documents publicly available.
Legal Documents
Zakat Foundation™ Yemen is a registered non-profit organization in Yemen. Its legal documents include the registration certificate, bylaws, and memorandum of association. These documents outline the organization's purpose, structure, governance, and activities. They also describe the rights and responsibilities of the organization's members, directors, and staff.
The registration certificate confirms that Zakat Foundation™ Yemen is a legal entity recognized by the Yemeni government. It includes information such as the organization's name, registration number, date of registration, and the names and addresses of its founders.
The bylaws specify the rules and procedures for the organization's governance, management, and administration. They cover areas such as membership, meetings, elections, finances, and reporting. For example, they outline the criteria for becoming a member, the frequency and quorum requirements for meetings, the roles and responsibilities of the board of directors, and the procedures for approving budgets and financial reports.
The memorandum of association is a legal document that sets out the organization's objectives and activities. It describes the purpose and scope of Zakat Foundation™ Yemen's work, such as providing humanitarian aid, disaster relief, education, healthcare, and social welfare services to disadvantaged communities in Yemen. It also specifies the geographical areas where the organization operates, such as Sana'a, Aden, Taiz, and Hodeidah.
Financial Documents
Zakat Foundation™ Yemen's financial documents include annual reports, audited financial statements, and tax filings. These documents provide information about the organization's financial performance, assets, liabilities, revenues, expenses, and cash flows. They also demonstrate how Zakat Foundation™ Yemen uses its resources to achieve its mission and objectives.
The annual reports summarize the organization's activities, achievements, challenges, and future plans. They include information such as the number of beneficiaries served, the types of assistance provided, the partners and donors involved, and the impact of the organization's work on the community. They also highlight the organization's strengths, weaknesses, opportunities, and threats, as well as the measures taken to improve its performance and sustainability.
The audited financial statements are prepared by independent auditors who review and verify the organization's financial records and transactions. They provide a detailed analysis of the organization's financial position, performance, and cash flows. They also highlight any significant risks, uncertainties, or deficiencies in the organization's accounting practices and internal controls. The audited financial statements are an important tool for stakeholders such as donors, partners, and regulators to assess the organization's financial health and integrity.
The tax filings show that Zakat Foundation™ Yemen complies with the Yemeni tax laws and regulations. They demonstrate the organization's commitment to transparency, accountability, and good governance. The tax filings also provide information about the organization's tax exemptions, deductions, and liabilities. By complying with the tax laws, Zakat Foundation™ Yemen helps to build trust and confidence with its stakeholders, and to maintain its reputation as a responsible and ethical organization.
Conclusion
Zakat Foundation™ Yemen's legal and financial documents demonstrate the organization's commitment to transparency, accountability, and good governance. By making these documents publicly available, the organization provides its stakeholders with a clear and comprehensive view of its operations, achievements, and challenges. It also shows its willingness to be open and responsive to feedback, suggestions, and concerns from its stakeholders. Overall, Zakat Foundation™ Yemen's legal and
