Auto moto karting klub "Modriča" Modriča · OD: F14304

Financial Transparency and Non-Distribution Policy

The club is organized for public-benefit objectives. Funds, donations, sponsorships and revenues are dedicated to nonprofit activities and are not distributed for private gain.

Original club archive photograph
Original club archive photograph

Non-distribution principle

No surplus, donation or club income is distributed to private individuals as profit. Resources are reinvested into safety, youth training, public education, equipment, events and administration necessary to fulfill the mission.

Use of funds

Typical eligible uses include track safety materials, youth instruction, protective equipment, educational workshops, event organization, insurance, communication, archive preservation and legally required administration.

Oversight

Leadership is expected to maintain records, approve expenditures responsibly and preserve documentation for institutional review, public trust and legal compliance.

Sponsorship and donations

Support from individuals, companies and institutions must align with the club's mission and may not compromise youth safety, fair competition or nonprofit independence.

Transparency commitment

The club aims to provide clear information to members, partners and verification bodies regarding its mission, legal status and reinvestment of resources.