Entries Tagged ‘Donors’:
filed in financial statements on Jul.20, 2010
Not-for-profit organizations are required to report financial information about the functional classifications of expenses, such as major program services and supporting services.
There is often confusion surrounding when to classify an expense as program related versus supporting services (which is usually management & general or fundraising). Program services are activities that result in goods or services [...]
Tags: Beneficiaries, classifying expenses, Contributions, customers, Donors, Expenses, financial information, functional classifications of expenses, Fundraising, mailing lists, major program services, mission, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organizations, recordkeeping, supporting services
filed in Money on Jun.30, 2010
There are no hard and fast rules about when a not-for-profit organization may or may not pay commissions. The only guidance is the general consensus that it is ethically questionable for a not-for-profit organization to pay commissions to anyone in a fundraising capacity. It would be hard to justify paying a fundraiser (employee or contracted) [...]
Tags: commission, commission paying activity, documentation, Donors, eligibility, employee agreement, Ethics, Form 990, fundraiser, Fundraising, industry standards, loan providers, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, Not-for-Profits, pay commissions, written agreement
filed in Fundraising on Mar.02, 2010
Both the Form 990 and your financial statements are required to disclose any joint costs that have been allocated. Many times our clients will respond to our inquiry about such costs with an explanation of how they allocated the cost for this one activity between the two programs to which it related. While we appreciate [...]
Tags: accountant, Accounting Standards, Allocation, audience, content, Donors, financial statements, Form 990, fund-raising, fundraising expense, joint costs, mission, Nonprofit Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, program, purpose
filed in Gifts on Dec.01, 2009
Recently, a group of philanthropic organizations developed a Donor Bill of Rights. They are valuable to all donors and a timely reminder as we contemplate year end donations.
I. To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their [...]
Tags: Charity, Donations, Donor Bill of Rights, Donors, financial statements, Gifts, governing board, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, philanthropic organizations, stewardship responsibilities, year end donations
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