PACT Ministry is a non-profit tax exempt 501c corporation.
PACT Ministry is solely dependent upon the generous gifts of churches, the business community, and individual donors for the financing to operate the ministry.
Ministry Debt Policy
The ministry should not incur debt except with clear direction of the ministry board.
Daily Financial Expenditures
The checking account of PACT Ministry is under authority of the board of the ministry. The director, while delegated the responsibility to write checks, operates with an assistant who carries out this responsibility. PACT has retained the accounting firm (Jackson, Reese, and Scott) to oversee the intake and expenditures of the ministry to provide accountability and fiscal responsibility.
The aspiration of the ministry is to build the entire staff organization with volunteers. In the event that paid personnel is deemed necessary by the ministry board, the following financial statement applies: All paid personnel will be responsible to raise their entire support which should include social security taxes, insurance benefits, and retirement contributions. All support must be raised in advance of employment.
All ministry projects including publication of materials and conferences must be underwritten in advance of project birth. All ministry projects outside of those written in this document must have board approval.
If a qualified youth minister is financially hindered, it is the policy of PACT to make available all facets of ministry on a cost-free basis.
It is the primary desire of PACT Ministry to serve evangelical churches through relational training and the provision of materials. It is also the desire of the ministry to cooperate with, encourage, and partner with fellow evangelical ministries to further God’s kingdom work.