Be Educated Movement adopts the cash accounting method. The financial calendar is set from January 1st to December 31st. Be Educated is obligated to fulfill all requirements as instructed by US Internal Revenue Services.
Our source of funding is by individual donors, corporates, and via fundraiser events in the USA. Be Educated Board members don’t get any compensation for their services for the organization. So there are very minimal or none overhead expenses over here in the USA. Almost the entire fund goes towards its projects and programs to promote education locally and globally.
To carry out our global initiatives, We have contracted local organizations, which have similar missions and objectives. These organizations must comply with local jurisdiction laws. Our funding can only spend on our program and initiatives. At the end of the fiscal year, organizations are to send expense reports to our office. In our financial data, we report all expenses and unspent funds, if any, and that carry forward to the next financial year.