Veritas College International is a member of the Evangelical Council for Financial Accountability (ECFA), a non-profit accrediting body in the USA. Christian organizations that are members with ECFA all adhere to the Christian principles of stewardship and accountability and seek to be wise stewards of funds received for ministry purposes. ECFA is an objective outside body that promotes openness for those potential individuals and organizations who would support such ministries.
"ECFA is an accreditation organization dedicated to helping Christian ministries earn the public's trust through adherence to Seven Standards of Responsible Stewardship™, which focus on board governance, financial transparency, integrity in fundraising, and proper use of charity resources. Founded in 1979, ECFA provides accreditation to leading Christian nonprofit organizations that faithfully demonstrate compliance with established standards for financial accountability, transparency, fundraising and board governance. Members include Christian ministries, denominations, churches, educational institutions and other tax-exempt 501(c)(3) organizations. Collectively, these organizations represent nearly $20 billion in annual revenue.
Each of the nearly 1,800 accredited members of ECFA is in compliance with ECFA's Standards and has functioned for at least 12 months after receiving its 501(c)(3) ruling letter from the IRS. Members have received revenues of more than $50,000 during its last fiscal year and have obtained financial statements prepared by an independent CPA." ( from the ECFA website: http://www.ecfa.org/Content/About )
Note: All figures posted to ECFA are for the VCI Graduate School only and do NOT include financials for the larger VCI network. ECFA requests financials and organizational documents which identify income and expenses as reported on the standard IRS 990 tax forms for USA Non-profit organizations. VCI is a legally registered and certified 501 (c) 3 organization for accounting purposes in the USA. Any USA donations to VCI are typically tax-deductible for tax purposes.
View the ECFA page for Veritas College International where financial data can also be viewed.
ECFA created the following short video to help us celebrate our ministry's accreditation with ECFA: