Bethlehem Icon Centre Non-Profit
The BIC is registered with the Palestinian Authority as a not for profit private company. What does this mean?
It means that it is set up like any company, with shareholders and a Board of Directors, but its investors/shareholders make nothing from their shares. Rather all monies raised, including operating profits, go back into the company, that is directly into the project. It is more like a trust with the Board acting as trustees.
The accounts are regulated by the Palestinian Ministry of Finance and audited annually.
- Nadeem Hazboun, BIC Manager
- Mike Jacaman, BIC Financial Officer.