Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [non-profit]

41 questions
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I'm owed money from a non-profit for services rendered, but they are unresponsive

I work sometimes in an arts-related field as an independent contractor for a certain 501(c)3. Over the last twenty years, I have helped them with an annual project, for which I have been paid and hourly rate. If it matters, the amount is usually…
nuggethead
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How can I help others plan their finances, without being a "conventional" financial planner?

I've helped a few people in my family get their finances in order, just with very basic tips and with money-saving tips I've gleaned from personal experience. I think I've made a significant difference. But I found myself wondering: is there a…
bill
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10
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Taxes due for hobbyist Group Buy

I am part of a hobby forum and I am running a non-profit group buy. I'm a little worried how that will influence my taxes. The group buy works as such: One member wants something expensive, so he gets a bunch of other members to get together who…
WesH
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How can a school club collect money using credit cards?

tl;dr- How can we legally accept credit cards (to our club bank account) without being able to become a legal entity? I'm an officer an officially-recognized student-run club at my university. I'd like for students (over 100) to be able to pay their…
Aaron_H
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1 answer

What types of nonprofit entities can be formed to raise money for someone's benefit?

Our family, along with some friends, have become acquainted with a family in our neighborhood whose young girl has a life-threatening illness. The required treatment is lengthy and expensive, so we collectively have been investigating ways to…
Jason R
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May a church pay for AED/CPR training for congregants?

I'm Treasurer of my church in Michigan, USA. We are purchasing an AED. We'd like to have more people from our congregation be CPR/AED certified. Can the church pay the ~$60 per interested person? I want to avoid "private benefit". I think most of…
Matt Thomas
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How can I reasonably estimate what percentage of my income should be saved for taxes during my first year of work

I am a minor in Michigan, and I'm currently in my first financial year. I work for a nonprofit, which doesn't take any money out of my pay. The per-hour salary that I say I make is how much I actually receive on my pay-day. Because this is my first…
Julian Lachniet
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Is there a way to see a particular organization's 501(c)(3) application?

For example let's say I wanted to see how the Free Software Foundation or the GNOME Foundation applied. Are those records accessible by the public?
Bratchley
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How to determine fair market value for a home donated to a fire department for training exercises?

In "Scharf v. Commissioner", the US Tax Court established that donating property for use in firefighting training exercises provides a valuable service to the community. If the receiving fire department is not for-profit, the donation can be…
Jeromy French
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2 answers

How to best handle donations for a non-profit in GnuCash

I am not new to GnuCash, but have just been made accountant for a new non-profit. The law states that we have to mail tax-beneficial donation-confirmations after each year to all donors. So I need to track for each donor all their donations during…
Martin Zaske
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6
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From a customer standpoint, does it make any financial difference to go to a non-profit hospital or a for-profit hospital?

From a customer standpoint in the US, does it make any financial difference to go to a non-profit hospital or a for-profit hospital?
Franck Dernoncourt
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6
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Bank account for clubs and/or community groups?

I run a community group which has an yearly fee to participate in. The funds are used to cover its own operating costs... no payments are made to anyone as it's all volunteered based. Currently the funds are held by a 3rd party and it's only…
gdaniel
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Are in-kind donations from my S-Corp tax-deductible in any way?

I have an S Corp that each year, sponsors a film festival by creating their website for free. In return, they print our logo in their program guide. Last year, I gave them 80 hours of work building their website, in exchange for sponsor status. Is…
jessica
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Can a property that owes taxes be donated to a church?

I pastor a church (we are a street mission) that is seeking a stable location to both be a rectory and a place to worship. There was an offer by a parishioner to donate his home. He is a minister and the house is completely paid for. Though there…
Rev. Guinevere Haworth
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Can non-profit give a gift card to a store to someone in need?

Is there any law that would block a non-profit from giving a gift card to someone in need, say, a $100 food store gift card? If a non-profit is allowed to give the gift card to someone in need, is the receiver of the gift card liable for paying…
user7858768
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