Excessive Compensation

From the The NonProfitTimes - eNewsletter

Some of the examples of what is being done by some nonprofits are just ridiculous, you wonder who filled out their 990's and what were they thinking. It is news like this that makes some people think ALL nonprofit personnel get paid to much.

Accounting Boot Camp in Monterey

Here is the latest info on the Monterey Boot Camp to be held on April 18th.

Alan

Latest Cost Of Living Adjustment Percentage

Click here to go to the Social Security Administration's website to get the latest number.

In the December of 2008 it was adjusted to 5.8%.

For the QuickBooks users out there

Two good book resources. The first I have, the second I have heard good things about.

Sleeter's Book

Ivan's book

Alan

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

Nonprofit Executive Compensation

This is from GuideStar's newsletter, a good resource. The IRS is upping its scutiney of nonprofit executive compensdation. Do you know what a rebuttable presumption of reasonableness is? click the link in the headline to find out why it could be important to you.

Alan

Sales Tax on Auction Items?

Boot Camp Question: Do we have to pay sales tax on auction items?

Yes. The link on the title has some good info and you can also get good tips here from the California State Board of Equalization. Don't be caught in noncompliance!

Alan

Raffles

More Questions form the boot camps: Is there a $ limit registering your raffle with the state of CA?

All raffles must be registered with the state attroney generals office unless your are not charging or soliciting donations for the tickets. Click on the title link to this post to see all the FAQ's about raffles in CA.