A checklist as you budget for 2013

Some nonprofits have a large enough staff to have a financial officer who is tracking and analyzing trends in revenue and expense year-round and developing 18- or 24-month projections from a variety of perspectives; some nonprofits have one person who spends time over a weekend drafting a budget and submitting it a few days later“A checklist as you budget for 2013”

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“Something the accountant does …”

  Some nonprofits have a large enough staff to have a financial officer who is tracking and analyzing trends in revenue and expense year-round and developing 18- or 24-month projections from a variety of perspectives;¬†some nonprofits have one person who spends time over a weekend drafting a budget and submitting it a few days later““Something the accountant does …””

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The IRS: Keep Your Organization in Compliance

Nonprofit organizations benefit from certain advantageous tax benefits and privileges, of which for-profit corporations could only dream. For example, 501 (c) (3) organizations typically don’t have to pay property taxes, are exempt from many sales taxes, and nonprofit donations are almost always tax-exempt. However, there are many IRS reporting requirements and regulations of which leaders“The IRS: Keep Your Organization in Compliance”

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Tips on Annual Reports

The IRS requires nonprofits to file 990s when they generate revenue over $25,000. And private foundations, government agencies, and other funding sources generally require annual reporting on the expenditure and use of funds. But developing and publishing an annual report is generally not required, although it is clearly recommended. Publishing an annual report helps your“Tips on Annual Reports”

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