Where do Solsoc's funds come from and what are they intended for?
Financial controls and fundraising ethics:
Solsoc is subject to annual checks by the Directorate-General for Development Cooperation and Humanitarian Aid (DGD). It must provide detailed reports on the projects carried out in the countries where it has partners as well as on all activities and programmes implemented in Belgium.
All projects fully or partially financed by public donors are subject to strict controls by the audit bodies of these institutions.
Each year the NGO's accounts are approved at a general assembly after certification by an accredited auditor. The financial reports are published each year on this site.
Solsoc is a member of the Association pour une Ethique dans les Récoltes de Fonds (Association for Ethical Fundraising), an organisation that aims to offer the Belgian population guarantees of moral quality in fundraising as well as transparency in accounts.
How can one know that the money is well spent by the partners and beneficiaries of Solsoc projects?
In order to ensure sound management of the funds, the partner relations officers are responsible for regular monitoring of the various projects in the field in collaboration with the financial departments of both the headquarters and the partner organisations.
Each partner organisation has its own system for monitoring administrative and financial management and organises its own internal and external audits.
How much do Solsoc employees earn?
At Solsoc, the lowest gross monthly salary is € 2,181.28 (year 2 and secondary education level) and the highest is € 5,253.71 (management level with 6 years of seniority and university level).
For more information, we invite you to consult the financial reports and accounts and balances here.