Financial Statements
Financial Statements are available to BIBAK SE Facebook Group Members only. For members, please send us a message via our Contact Us form to request access.
Our Funds
We maintain three main funds:
Regular Fund - We deposit our membership fees into this fund as well as contributions collected to cover expenses for various events. We also designate our Igorot Theme Store sales as regular fund.
Charity Fund - When our organization identify a cause that we believe in, we fund raise among our members as well as donors and sponsors outside of our organization. Collections related to this activity are maintained in this fund which are eventually released to the target beneficiary.
Permanent Fund - We welcome donations and grants from members and non-members. Donations and grants that are specifically permanently restricted by the donors are deposited into this fund. The principal amount is maintained in this fund in perpetuity while the income generated will be transferred to the Regular and Charity funds.