9 Standards of Financial Accountability

9 Standards of Financial Accountability

  1. Tyndale Theological Seminary will seek to honorably and faithfully execute the stewardship of all provided resources to the glory of God.
  2. Tyndale Theological Seminary will undergo a periodic financial review by an independent accounting firm (currently Pickens, Snodgrass, Koch, & Co.).
  3. Tyndale Theological Seminary will maintain its non-profit educational 501(c)(3) tax status with the Department of Treasury, Internal Revenue Service(IRS), assuring full deductibility of gifts which meet IRS Requirements.
  4. Tyndale Theological Seminary will use gifts for the purposes designated by donors. When undesignated, gifts will be used for current Seminary priorities.
  5. Tyndale Theological Seminary will promptly issue receipts for every donation, with necessary information to satisfy all IRS requirements.
  6. Tyndale Theological Seminary will only conduct gift solicitation by way of Seminary officers, employees, or volunteers and will not utilize external fundraising organizations.
  7. Tyndale Theological Seminary will not release, sell or otherwise distribute mailing lists to any organization, and will maintain confidentiality of all donor records to the greatest legal extent.
  8. Tyndale Theological Seminary will make quarterly financial statements available to donors upon request, and will answer all inquiries from donors promptly.
  9. Tyndale Theological Seminary expenditure budgets and salaries will be approved by its Board of Governors.