Governance and BEE
CHOC is governed by a board and executive committee, to whom the chief executive officer reports. CHOC provides audited financial statements on an annual basis, which are published in the annual review.
CHOC complies with South African labour laws and employment equity requirements. The organisation has a documented Employment Equity Plan and targets, which are reported on annually.
Board members are elected on a yearly basis at regional level and meet four times a year. Operational members and the executive committee meet on a monthly basis. The regional managers of the six regions are supported by a head office staff complement. Headed by the CEO, the senior management team consists of Admin, IT, HR, Finance, Business Development and Psychosocial Services.
Administration costs are maintained at 20% of total expenditure, thus 80% of funds acquired for CHOC are utilised for our programmes of support. This is significantly higher than the average of between 60% and 70% utilisation on core activities. Surplus funds are invested in an endowment with the aim to become fully self-sustaining within the next three to five years.
You can also view our audited financial statements for the previous financial year, which ran from July 2013 to June 2014.
We are a NPO and rely on funds donated by individuals, companies, trusts and foundations, and investments. We also host a number of fundraising projects and events to accrue further funding. To find out more about our Loyalty Programme and other ways to donate or get involved, please visit Support Us. We are one of 10 charities that receive funds via The Giving Organisation, through payroll giving, invoice giving, and other initiatives; and are also a beneficiary of the MySchool MyVillage MyPlanet loyalty card programme. The Cows are a fundraising arm of CHOC.
Benefits to donors
Cash donations qualify for a tax deduction and CHOC will issue the relevant documentation to donors within a four-week period. The donation of services or donations of any reciprocal nature do not qualify for a tax deduction. To download a Section18A request form, please click here.
BEE and SED certification
All cash donations made to CHOC qualify as Social Economic Development assistance and will benefit 93% Black beneficiaries, as defined by the BEE Codes of Good Practice. Click here to view our Beneficiary Profile and click here for independent verification of our beneficiary profile.
CHOC has level 2 B-BBEE certification. You can view our BEE ratings certificate, which has been assessed and certified by Honeycomb BEE, and also our SED certificate. For more information on Honeycomb visit www.honeycomb-bee.co.za