Archived: EA Insurance: charity review

This is a charity review of EA Insurance (EAI), an Associate member of Missions Interlink, ‘the Australian network for global mission’.

For last year’s review, see here.

Is EAI responsive to feedback?

• In its ‘Complaints and Disputes Policy’, EAI says that it values feedback.
• On its website, it talks about the accountability of others, but not of itself.
• I sent them a draft of this review. Like last year, they did not respond.

Is EAI registered?

• Not as an entity in its own right.
• To receive charity tax concessions from the Australian Taxation Office (ATO), a charity must register with the ACNC. The company behind the EAI name (see below) appears to satisfy the requirements for registration, yet neither the company nor its owner (see below) say why it has not registered.
• EA Insurance is a business name belonging to EA Insurance Services Pty Ltd (the company):

• The company’s website uses one of the names above, EA Insurance Services.
• The company is a not-for-profit, one that is wholly-owned by a charity, EA Foundation:

• • In the accounts of the charity, the company is, without explanation, referred to as EA Insurance Project Trust. This entity does not have an ABN.
  • The company is a proprietary company, one limited by shares rather than by guarantee.
  • As a ‘small proprietary company’, it only has to lodge financial reports in limited circumstances.
    • However, their Associate membership of Missions Interlink requires them to “have available for [their] members and supporters a clear and appropriate financial statement which has been approved by its auditor.”
    • Although you will not be donating to them, by insuring with them you are supporting their Christian cause, so are eligible to ask for this ‘financial statement.’

What does EAI do?

• From the EAI website:
  • EA Insurance Services is a specialist provider of insurance and risk management services to Faith, Charity and Not for Profit organisations throughout Australia.
• It describes itself as a ‘Christian organisation’.

Does EAI share the Gospel?^[1]

• It appears not.

What impact are they having?

• No information on the website.
• Nothing in the Financial Report of its owner.

What does AEFI spend outside the costs directly incurred in delivering the above impact, that is, on administration?

• No separate financial statements are published.

Do they pay their board members?

• Neither constitution (without paying an ASIC broker) nor accounts are available to check.

Can you get a tax deduction?

• NA – donations are not sought.

Is their online giving secure?

• NA

What choices do you have in how your donation is used?

• NA

Where were your (net) donations sent?

• NA

Is their reporting up-to-date?

• Check with their regulator, ASIC.

Does their reporting comply with the regulator’s requirements?

• Check with their regulator, ASIC.

What financial situation was shown in that Report?

• No Report is publicly available.

What did the auditor say about the last financial statements?

• No audit report is available.

If a charity, is their page on the ACNC Register complete?

• NA

Who are the people controlling the organisation?

• Not disclosed.

To whom is EAI accountable?

• To Missions Interlink, because it’s an Associate member.
• The company is accountable to ASIC.

1. “Good living and social concern are important [to the cause of evangelism], but they are not uniquely Christian graces…I’ve met a lot of fine Hindus, Muslims and atheists. Just living the life is not going to bring someone to Christ. There is much more to it than that. We must help people, certainly, but we must also share with them why we are motivated to do so. We must stand against injustice, poverty and need, but we must at the same time point to the One who brings justice and who can meet the deepest need. Until they know our reasons, how can they come to know our Lord?” [Dan Armstrong, the Fifth Gospel: The Gospel According to You, Anzea Books, pp. 13-14. ↑