Financial Accountability
Donor money is a trust. Our financial controls, adopted by the Board of Directors, are built to protect every gift from error, misuse, or fraud, and to account fully for it.
How funds are controlled
- Restricted gifts are held in segregated accounts.
- No single person controls a transaction from authorization to custody to recording; those functions are separated wherever the Organization’s size allows.
- Expenditures are authorized in advance against thresholds set by the Board; anything above $10,000 requires Board approval recorded in the minutes.
- Bank signatories are Board-approved, and transfers above a set threshold require dual authorization.
- Financial statements comparing actual results to budget are presented to the Board at least quarterly.
Independent review
As the Organization grows, the Board arranges for an independent audit or review of its financial statements. Our goal is to keep program expenditure at or above 80% of total spending, a target we intend to have confirmed by future independent annual audits.
Public reporting
One Light International received IRS 501(c)(3) determination effective September 30, 2025, and is in its Phase 1 proof-of-concept year. Our first Form 990/990-EZ filing and independent audited report will be published on this page once the fiscal year closes and the filing is complete.
This page reflects financial controls adopted by the Board of Directors. It is reviewed periodically and updated as annual filings become available.