CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Monday, March 05, 2007

SOP 98-2

I've posted on this before, but here is a *bump* for the topic as I've had some questions on it lately.

SOP 98-2 covers joint costs, costs that have both a fundraising component and a program component. An example would be sending out an informational mailer about a nonprofit’s program and also including a request for a donation. Is that mailing a program expense or is it fundraising? Some of each?

This article covers how to allocate that expense and the three criteria you have to meet in order to have any of the costs considered program costs. Don’t meet the criteria? It is all fundraising.

Alan

Posted by Alan at 2:30 PM

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