Non-Profit Accounting

Currently, I work for a non-profit organization based out of Virginia called, Youth Matter, Inc. I have been a part of this non-profit for the past nine years. My involvement started by competing in their oratorical competitions and then becoming a volunteer. In 2013, I was selected to serve a year as their Youth Matter Inc. National Spokesperson. This past July I was selected to be on the board of directors and I am currently still serving. This organization has a committed CEO/Founder who has served as a mentor in my life. Although, she has been battling illness she strives to develop programs for the youth, both girls and boys of all ages. Since working with Youth Matter, Inc., I have realized there have been several

In this week’s lesson we are looking at the importance of having a chart of accounts in our nonprofit business. At HOPE which is the business that I support. The main focus is to house and provide support to those who are homeless, mentally ill and may be struggling with dual issues. Because there is a need in a nonprofit to show measurements to determine success in each area. Charts are created for every service area the HOPE supports ( Margolis, S. (2014, 11).

The last stage of my proposal includes no longer recognizing the NCAA as a purely commercial venture. The NCAA as an amateur, educational organization, does not fit well into the traditional antitrust analysis as applied by the court in NCAA v. Board of Regents of the University of Oklahoma. By viewing the NCAA as a profit-oriented economic entity, the court struggled in an effort to make sense out of both the per se and rule of reason tests. Justice White's dissent explained that the majority erred by: first, failing to recognize the NCAA's role in promoting amateur athletic competition as an integral part of the process of higher education; second, treating the NCAA television plan as a ‘purely commercial venture’; and third, applying a traditional

The NCAA is a non-profit organization that organizes and executes college sports, which includes football, basketball, etc. Key word from the previous sentence would be “non-profit organization”. What kind of “non-profit organization” makes as much money as they do? The NCAA players bring in great revenue with their outstanding efforts in bringing their team up to the top, because that is what the fans like to watch. Now does it seem fair that the NCAA does not give the players back any money at all to the players that actually bring the money in? In simple terms the NCAA makes large amounts of profits and needs to start distributing some of the money to the players (History of College Basketball, 2013). According to another article, the

A not-for-profit organization responsible for the provision of leisure services would be Boys & Girls Club. This is an organization that truly holds up the values of being a not-for-profit organization. Their mission is "To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens" (Boys & Girls Clubs of America, 2013). With a mission such as this it is obvious that this is an organization that is about the youth and enabling them to grow as individuals.

There is a non-profit organization located in Greenville NC called, The Junior Women’s Association of Greenville, NC. They have a board of directors in addition to members of the organization. They state on their website, http://www.jwagreenville.org/ , that this organization is comprised “of women committed to promoting volunteerism, developing the potential of women, and improving the community through the effective leadership of trained volunteers.” I feel that in order to serve with full potential on any board of directors one must feel a real passion for the goal of the organization. I do truly support what this organization stands for and believe that it can help make Greenville a better place. They partner with Association of Junior

Over the years’ volunteers,’ services have increased tremendously. These stakeholders participate in leadership roles in nonprofit and profit groups. Volunteers exert influence in the organizational decision-making process because their particular task gives them the authority to exhibit their skills. For example, I am a board member at a local nonprofit hospital. I collaborate with other volunteers offering advice and services that help influence the hospitals' daily operation, while improving my leadership and decision-making skills in the process. Ohmer (2007) discussed that "Citizen participation" actively involve selves in developing problematical situations in neighborhoods and leading policies and programs that affect the quality of

In the modern fear of inflation and taxes a huge concern arises by allowing millions of dollars of taxes remain uncollected by religious exempt property (Hageman 405). Many wonder why they are forced to pay the tax burden when religious organizations could easily lessen the economic burden. Nonprofit property in all 50 states are exempt and this creates problems for assessors and tax departments. Assessors must determine if the activities of the non-profit organization like churches are providing a sufficient amount of charitable care. In a 2011 survey done among assessors by the Center for Business and Economic Researches, 96% of assessors say churches will become tax exempt after an evaluation.

When looking at budgeting as a planning tool it is important to see things in the light of today. The world is changing rapidly and so is the need for nonprofits to be creative. As nonprofits face more challenges the need for service has increased. With a nonprofit the budget is usually very tight and funds are often used and stretched yearly (Hackler, D 2007).

the most ethnically diverse of school districts of comparable size in Texas. Virtually every culture of the modern world is represented in its 45,000 plus student enrollment; more than 60 languages and dialects are spoken. A variety of guest speakers, culture clubs, and ethnic fairs help promote a multicultural appreciation. (http://www.imdhouston.org/) Alief ISD recently passed a $345 million bond referendum in May 2015 to enhance school facilities and programs. There is vigorous discussion between the IMD and Alief ISD to open the first International School public school within the District that will attract foreign students from abroad from all over the world to provide Alief students a true global experience and exchange.

As an intern for a non- for profit I worked closely with community volunteers within the agency. The approach to network with the local community members and university to better provide assistance to families in need, worked best for this small community. As a university student of the Social Work program I brought ethical principles, classroom training and work history to the agency. In my position as a counselor, I interview clients utilizing an intake form to gather information about one’s household size, income, and services they required. I had developed a strategy to devote time to the client as well as collect their food and clothing items. An army veteran and long- term volunteer and I worked together to serve clients. I became

According to Lecovich (2005), non-profit organizations varies with dependence concerning external resources e.g. finance. The author also suggest that main resources for operation and providing services to clients, are obtained through public financining and donations. In similarity, all the other programs except BAC Behavioral Health Licensed Article 31 clinic, which is considered to be a separate entity and new addition to the program; all the other programs such as health education, substance abuse, housing, and HIV testing programs, are funded by grants (Bridging Access to Care). In addition, grants are written to request funding for agency programs sustainability, and contract and credentials from different Health Maintenance Organizations

One reason a board member might be confused by restricted contributions is that it is likely the board member is not trained in the nonprofit accounting sector. Last week Dennis Young introduced an interesting fact to our class during our reading. The nonprofit field is made up of mostly small firms evident by the 2006 study that shows 41% of nonprofit have expenses of 100 thousand dollars or less (Young, 2007). With expenses of less than 100K I would assume that board members are either not paid or not highly paid. This would also suggest that the board members are probably not trained in nonprofit financial reporting.

There used to be a time when zoos used to be full of animals. A time when extinction was not a problem. That was the past. Today, zoos all around the world are missing many animals such as the African elephant or the dodo bird. All of these wonderful animals became extinct because we were careless enough to let them all die. World Wildlife Fund (WWF) is an organization that is trying to prevent extinction from happening. WWF is an environmental organization dedicated to “protecting the world’s wildlife and wetlands” ("World Wildlife Fund"). It is one of the largest private supported conservation organizations in the world, with support from one million members in just the United States. WWF was formed on September 11, 1961 in Morges,

Abstract: In the absence of specific accounting and financial reporting standards and diverse interpretation of certain terms under the laws of the land, it has become a very difficult task to follow a standardized procedure in generation and presentation of accounting and financial information of NGOs. The practices followed by NGOs in Bangladesh are varied and diverse and there by preparation of financial statements are incomparable and difficult for uses to understand. The paper tries to demonstrate financial reporting and accounting system of a BRAC’s