Though nonprofit organizations do not work for commercial reasons, they may still have a big staff and tremendous accounting to be done. There are many cases, especially in large nonprofit organizations, where data cannot be handled manually. For this reason, there is software designed for nonprofit organizations. More in depth, a 501c3Go explains what a 501c3 is for a new organization is a nonprofit corporation considered by the IRS to be either a “public charity” or a “private foundation” under section 501(c)(3) of the Internal Revenue Code. Upon filing the required documents and receiving IRS tax-exempt status, such an organization is tax-exempt, meaning that it is not required to pay taxes on donations made to it, or even on certain forms of income made by the organization. 501c3 organizations are split into two categories: public charities and private foundations. Public charities are much more common – and generally more desirable – so we’ll start with those and address private foundations in a moment. Obtaining 501c3 tax-exempt status is one of the best actions you can take for your charitable organization. Not only will donations to the nonprofit be tax-exempt, but they will also be tax-deductible for the donors, meaning donors will be significantly more motivated to give to your charity.
Nonprofit software can be used to maintain the number of members in an organization. The members may be voluntary workers or they may be paid. If they are paid, the software can maintain a record of their salaries. Maintenance expenses such as electricity and water bills, repair expenditures, materials, etc. can be recorded and calculated by the software.
Four young girls from Larue will be heading to Boston next month for an amazing reason … they are going to shave their heads to raise money for the St. Baldrick’s Foundation in order to battle childhood cancer.
This is the statement on each girl’s donation page:
“I’m shaving my head to raise money for childhood cancer research! Did you know that kids’ cancers are different from adult cancers? It’s true. And childhood cancer research is extremely underfunded. So I decided to do something about it by raising money for cures.”
“Now I need your help! Will you make a donation? Every dollar makes a difference for the thousands of infants, children, teens, and young adults fighting childhood cancers.”
Please click through and donate for this worthy cause. The girls (and their pages) are:
