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Africa Christian Training Institute, 2350 Frankford Ave, Panama City FL 32405-2297
ACTI Policy on Gift Receipts:
In order to maintain our all volunteer ACTI staff in the US, to save postage and unless specifically otherwise requested, ACTI does not receipt for tax purposes contribution of any size from churches nor contributions from individuals that are less than $250. The IRS does not require a receipt in order to claim a contribution that is less the $250 (see below). Contributions to ACTI, a 501 (c) (3) Non-profit Organization, are deductible onUS Federal Income Taxes.
From IRS Publication 17 Contributions of Less Than $250
For each cash contribution that is less than $250, you must keep one of the following items.
1. A canceled check, or a legible and readable account statement that shows:
> If payment was by check the check number, amount, date posted, and to whom paid.
> If payment was by electronic funds transfer the amount, date posted, and to whom paid.
> If payment was charged to a credit card the amount, transaction date, and to whom paid.
2. A receipt (or a letter or other written communication) from the charitable organization showing the name of the
organization, the date of the contribution, and the amount of the contribution.
3. Other reliable written records that include the information described in (2). Records may be considered reliable ifthey were made at or near the time of the contribution, were regularly kept by you, or if, in the case of small
donations, you have emblems, buttons, or other tokens that are regularly given to persons making small cash contributions.
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ACTI ensures Financial Accountability by the following:
• Governing Board: All ACTI officers and board members meet the following:
- Are personally involved in ministry in Uganda and understand the issues in third world ministry.
- Serve without remuneration and pay their own expenses to attend the annual ACTI board meeting.
- Review and verify the annual financial report.
• Bookkeeping for ACTI is done by a practicing CPA with commensurate integrity and accountability
• Funds raised by ACTI and ACTI team members are used as designated by the donor. Funds are raised for teams and not individuals as per IRS rules and regulations. These funds not only support the team, but underwrite ministry in Uganda
• Administrative Costs are limited to $100 per team member to help cover the costs of our support staff in Uganda Typically this amount is less than 3% of each dollar given. All functions of ACTI in the United States are handled by volunteers
• ACTI is a registered 501 (c) (3) Non-Profit Organization in the State of Tennessee and ACTM (our Uganda arm) is a registered NGO (Non-Governmental Organization) with the government of Uganda
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