PAMA has obtained its 501 (c) 3 status in Sept 2015. PAMA revenues were less than $50,000 in 2015 and 2016 and 990–N, Electronic Notice (e-Postcard), was filed. In 2017, PAMA revenues exceeded $50,000 and 990 EZ was filed. In 2018, PAMA revenue exceeded $200,000 and 990 was filed. Starting 2018, PAMA is having its financials officially reviewed and audited by an independent firm. Please find our 2018 financial review by “James W. Vanstrom and company” .
PAMA Governance and Bylaws
PAMA is a board driven charity and its members don’t vote. PAMA’s board relies on transparency, lean operations, volunteering their time, money and skills to PAMA in order to to gain donors’ trust, and rather than being empowered by the the voting process. Attached please find PAMA bylaws for more information.
PAMA financials are being managed by the executive branch of the board according to these guidelines.
PAMA financial performance
Transparency with our donors and beneficiaries is key to our success. Our financial records are available on this website and more details can be provided upon request. We deliver donations dollar for dollar and bear the costs of processing fees, wire transfer, shipping, and so on. The board help cover such costs and assure that your help reach its beneficiaries dollar for dollar. PAMA will do its best to use donations for donor project of choice, however in certain times PAMA might use it where it’s needed the most.
Conflict of Interest Policy
Relatively speaking, PAMA board members comply with our conflict of interest policy. PAMA has tolerance for lack of compliance and stresses on putting PAMA’s interests above all other interests.
PAMA Board contributions
PAMA not only has generous donors like you, but also has a generous young board of directors. Like no other charities, PAMA is totally run by volunteer work and is among the leanest out there. Your donations are delivered 100% to the causes, and dollar for dollar. This was made possible because PAMA board has been volunteering their time to run PAMA operations and donating their money to cover the overhead costs. Actually, the board has been generous enough to donate triple the amount of running costs, totaling to 18%, 14%, and 14% of PAMA revenues in 2017, 2018, and 2019, respectively.