Revocation of Federal Tax Exemption at Historic African-American Theater Holds Warning for Others Source Non Profit Quarterly May 12, 2016; Plain Dealer (Cleveland, OH) In April, leadership of Karamu House, a settlement house that includes the oldest African-American theater in the United States, suddenly became aware that the IRS had revoked its tax-exempt status after […]
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Allocating Expenses Expenses are allocated to show the total cost of operating your program(s) that include activities, services, and projects related to a specific program. It is very important for the Executive Director, Board of Directors and other agency management to know the total costs of running the program so all can see how the
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Learn more about Non-Profit Accounting at From churches to youth organizations to the local chambers of commerce, nonprofit organizations make our communities more livable places. Unlike for-profit businesses that exist to generate profits for their owners, nonprofit organizations exist to pursue missions that address the needs of society. Nonprofit organizations serve in a variety of
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Fund Accounting is a term used for investment accounting as well as non-profit accounting. With investments it is used as portfolio accounting or securities accounting. In this instance it describes the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual
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