Transparency and Accountability

            “Show me the financial report.”

            This is the common response, and sometimes demanded, by members of associations who advocate transparency to questions regarding finances, most specially after fund-raising events.  Most associations do not, as a matter of course, release financial reports to their members unless demanded.  Annak takes this issue seriously and takes a higher ground.  It believes, and paraphrasing the words of Gov. Rick Perry of Texas, “that every association ought to publish its financial reports online.  Association that is open and honest will always be able to withstand the light of day.”

            Annak ti Candon International, Inc. (Annak) is committed to financial transparency and leadership accountability in the management of its affairs.  Its members and donors deserve to know how their money and donations are being managed and spent.  It believes in a non-intrusive mechanism for monitoring its finances and management of its affairs

            In furtherance of this policy, Annak launches an on-line reporting of its financial reports and makes its financial reports available to its members, patrons and the public through its website.  Thus, it will publish on this website the following reports.

            1.         Annual Financial Report.

            2.         Financial Report of every fund-raising event.

            Annak recently released to its membership and sponsors the financial report for the First Charity Ball which was held on July 12, 2008 in Los Angeles, California. This report, as all reports that will be published on line, was prepared in accordance with generally accepted accounting principles, and are the same financial reports filed by Annak in compliance with the requirement of the IRS for non-profit and tax-exempt associations (Annak is tax-exempt under section 501(c)(3) of the Internal Revenue Code, DLN No. 17053240317039, effective May 25, 2007).

             Annak leadership assures its members a responsible stewardship in the management of the associations’ affairs.   The officers are accountable for the financial decisions they make on behalf of the membership.  They take responsibility for the outcomes expected of such decisions- both good and bad.

             Here are the reports.

         First Charity Ball (Report dated July 12, 2008)

              2008 Jam Session - Nevada (Report dated November 29, 2008)