Under Article 35 of the Articles of Association, KSAIR discloses on this page the annual amount of donations raised and the results of their use, within 4 months from the end of each business year.
Articles of Association, Article 35 (Disclosure of Information) (1) The Society shall open an Internet homepage and shall disclose on the homepage the annual amount of donations raised and the results of their use within 4 months from the end of each business year. (unofficial translation)
KSAIR was founded on August 9, 2026. The settlement of accounts for the first business year (2026) will be disclosed on this page after approval by the 2027 Regular General Meeting. The first disclosure will be posted within 4 months after the end of the Society’s first business year.
What Will Be Disclosed
| Item | Details |
|---|---|
| Income | Membership dues · sponsorship funds and donations · income from activities · grants · other income |
| Expenditure | Expenses for the Society’s undertakings · operating expenses · reimbursements of actual expenses |
| Use of donations | Amount raised and how it was used |
| Auditor’s opinion | Results of the Auditor’s audit of the accounts |
| General Meeting approval | Date on which the General Meeting approved the settlement of accounts |
Accounting Principles
The Society’s accounts are divided into an account for proper purpose business and an account for profit-making business (Article 27 of the Articles of Association). Officers hold unpaid honorary positions, and only actual expenses are reimbursed (Article 29).
Under Article 4 (3) of the Articles of Association, all income of the Society is used for the public interest, and it is not distributed to members or officers under any circumstances. Upon dissolution, surplus assets revert to the State, a local government, or other non-profit juristic persons with similar purposes (Article 34).