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For NOW Leaders
Any chapter system of recordkeeping needs to provide information for chapter leadership and membership, as well as a base of data on which to project budgets and plan for present and future activities. Good accounting should provide for comparisons of income and expenditures with budgeted expectations. It should be flexible enough to adapt to chapter… Read more »
The IRS divides most non-profit organizations into two separate categories: 501(c)(3) and 501(c)(4). “Both are chartered in their own state and legally exempt from paying corporate income taxes. They are different in how much lobbying they can do and in whether donors can deduct contributions from the income on which they pay taxes.” (Flanagan, The… Read more »