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¶ … Gross, McCarthy and Shelmon's text, Financial and Accounting Guide for Not-for-Profit Organizations (8th ed.) (2008). All of the following summarized information refers to this specific chapter. Not-for-profit organizations range in size and scope but they are all defined by their mission and the board of directors and executive management are responsible for executing the mission. Although the laws that govern the manner in which non-profit organizations oversee their fiduciary responsibilities vary from jurisdiction to jurisdiction, they all share the same types of oversight needs, including the need for a chief fiscal officer, treasurer or a director of accounting; some organizations also use a comptroller, business manager or accounting manager to serve as the chief fiscal office or treasurer. Irrespective of the title that is assigned, the individual serving as treasurer may be a paid employee or a volunteer and is responsible for properly maintaining the financial records of the organization. In smaller organizations, the treasurer...
This is an important responsibility because donors want and need to know how their money is being spent by the non-profit organization. The treasurer is also responsible for explaining any variances against the budget during the period it covers (Gross et al., 2008).
In addition, the treasurer is ultimately responsible for providing physical safeguards for the organization's resources, ensuring that insurance coverage is adequate to its needs, that a system of internal controls is in place to prevent unauthorized use of organizational resources and ensuring that the special requirements for accounting for endowment…
References
Gross, M.J., McCarthy, J.H., & Shelmon, N.E. (2008). Financial and accounting guide for not-for-profit organizations (8th ed.). John Wiley & Sons: Hoboken, NJ.
The first step is dubbed "Stop and Think." As the steps' name implies, it advises that the decision maker take it slow to avoid bad decisions based on emotions. The second step, "Clarify Goals," is about understanding both short- and long-term impacts of the decision. Next, in step three, the decision maker is to "Determine the Facts" by gathering information. The fourth step, "Develop Options" leads the decision maker
In contrast, the University of Kentucky' College of Health Sciences uses a cooler and more distanced technique. The positive social missions of the school encompass education and research. This benefits students, but also benefits society (and thus potential donors), by providing health professionals and higher-quality care to society as a whole. The University of Kentucky brochure's approach is less personalized in nature than the Center for Common Ground, other than
fundraising activities and particularly grant seeking behaviors is a significant issue for any organization that relies on such funding. According to Jacobson (2006) the manner in which fundraising is integrated into existing systems is also important, as are the promotion of systems that are supportive of existing structures and innovative structure standards. Fundraising systems are so important in the health care field that they potentially make or break significant
Fundraising Activity The rodeo lost $8326 in its first year, and there are a number of different options on the table for improving the profitability next year. One of the options includes the creation of two more major sponsor slots that would be used to offset some of the costs that the organizing committee incurred in the first year. One of the largest costs was $3341 for the contestant hospitality tent,
Technology for Terrorist Fundraising Activities Over the last ten years, the way terrorist organizations have been funding their operations has been increasingly evolving. Part of the reason for this, is because law enforcement has greater tools in going after these groups. What has been happening is a host of different governments around the world have been giving them: increased powers to conduct surveillance and other covert activities against these organizations.
The amount of money the target audience has at its disposal will also determine the type of event held -- a wealthy donor base might justify a fancy auction, with a high price per 'plate,' while a donation drive to encourage teenagers and middle-schoolers to donate a portion of their lunch money to help hurricane victims would stress small donations, but not justify the physical expense of an 'occasion.' At