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Non-profits
Non-profit organizations have special finance, accounting and operational needs. They are also always tight on resources. This group is for non-profit F&A professionals to help one another learn and get work done.
Accounting and Finance daily work plans
Posted Sun, 12/19/2010 - 9:47am by Brian Connolly (Consultant)
I need to prepare for a meeting with several non-finance colleagues of mine where each of us will present our daily work requirements / work plans. In my experience, these meetings are held to shed light on what we do and how we do it. My original idea was to present a monthly and quarterly task list.
2 Comments
Quickbooks Non Profit Edition
Posted Mon, 09/27/2010 - 1:30pm by Nurit Sonnenschein (Executive Director)
Hi,
We are a non profit organization operating like a YMCA. Our front end customer list, class registrations, and all AR are run through a program called E-finesstri. E-finesstri can produce a notepad JE that is automatically entered into our accounting system, which is Sage MIP. We are looking to move to Quickbooks NP edition. 2 questions:
7 Comments
franchise fee revenue
Posted Wed, 05/19/2010 - 9:23am by kimberly kelly (Consultant)
I have a non-profit client with multiple locations who is now thinking of franchising their model to others in smaller cities. Does the franchsie fee revenue count towards earned income? (vs. contributed income)? And is it recognized over the term the fee covers? I think the answer is yes to both, but am looking for some authoritative literature.
1 Comment
Fund Raising & Cash Handling
Posted Wed, 03/31/2010 - 1:03pm by RAymond Godeke (Vice President - Finance)
We are a 501(c)(3) with 14 distributed locations and a "corporate office". There are fundraising events at each of the various locations. I'm looking for some input on what types of controls I can put in place to provide integrity to the fund raising cash handling process."
2 Comments
Pledges Receivable - Capital Campaign
Posted Wed, 03/17/2010 - 10:18am by Robert Spokane (Internal Auditor)
Question for the Non Profit experts out there. I have a client who is in the middle of a Capital Campaign and is getting pledges that span from one to five years, many of which are employees. the client wants to record the present value of all Capital Campaign Pledges at the end of each fiscal year.
6 Comments
Classification of Contribution from Donor Advised Funds
Posted Mon, 03/15/2010 - 1:55pm by kimberly kelly (Consultant)
Does anyone know if there are specific guidelines regarding whether a contribution from a donor-advised (vs. donor controlled) fund is to be classified as an Individual contribution or as a contribution from a foundation?
0 Comments
1099 requirements for pass through awards
Posted Thu, 03/04/2010 - 5:28pm by kimberly kelly (Consultant)
I have a non-profit client who wants to make grants to teachers--a check (>$600) would be written to one teacher ("master teacher") who is responsible for opening a separate checking account and distributing the money in smaller award amounts to other teachers (usually each sub-award is <$600). The master teacher is responsible for reporting back on the sub-a
2 Comments
Accounting systems for not for profits
Posted Wed, 02/10/2010 - 8:16am by Peter Papano (Chief Financial Officer)
I recently joined the board of a not for profit. Has anyone recently evaluated accounting systems designed for not for profits?
8 Comments
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