In May 2015, The Fedcap Group initiated biannual webinars to report our financial and operating results. The webinars provide stakeholders with timely disclosures about financial and operational performance, mission-related impact, and trends and challenges.
The Fedcap Group is among the first nonprofit organization to take this approach to financial reporting and transparency. We believe this practice is long overdue in the nonprofit sector. Publicly traded companies are required by the Securities and Exchange Commission to report earnings on a quarterly and annual basis. Nonprofits and for-profit companies share many of the same business drivers, risks and regulatory challenges, and operate in the same fiscal environment. By taking a page from the for-profit sector and disclosing our financial and operational metrics on a biannual basis, stakeholders can fully assess our impact and progress in providing relevant, sustainable outcomes for the populations we serve.
We view these webinars as strategic engagement tools for donors, funders, and business and government partners. Our commitment to transparency strengthens the foundation of trust with those who support and believe in our mission. Our stakeholders are at the center of all we do to improve communities and the lives of people with barriers to economic and social wellbeing.
Consistent with our commitment to innovation, we hope to establish a benchmark for the nonprofit industry around transparency and disclosure. Click here to view the most current release.