Comments on: Can a co-op refund fees to members? http://homeschoolcpa.com/can-a-co-op-refund-fees-to-members/ Helping homeschool leaders Thu, 19 Apr 2012 17:36:08 +0000 hourly 1 http://wordpress.org/?v=3.3 By: homeschoolcpa http://homeschoolcpa.com/can-a-co-op-refund-fees-to-members/comment-page-1/#comment-3 homeschoolcpa Tue, 18 Aug 2009 15:04:39 +0000 http://homeschoolcpa.wordpress.com/?p=75#comment-3 Yes, there is a problem returning the membership fees or program income (class fees). The net income of a nonprofit organization should not be distributed to the members. It should stay in the organization for future use. If net income is distributed, the organization would be classified as a partnership or a for-profit corporation. One of the hallmarks of a nonprofit is that they do not redistribute their profits (i.e., their net income) to their members. Yes, there is a problem returning the membership fees or program income (class fees). The net income of a nonprofit organization should not be distributed to the members. It should stay in the organization for future use. If net income is distributed, the organization would be classified as a partnership or a for-profit corporation. One of the hallmarks of a nonprofit is that they do not redistribute their profits (i.e., their net income) to their members.

]]> By: Celia http://homeschoolcpa.com/can-a-co-op-refund-fees-to-members/comment-page-1/#comment-4 Celia Tue, 18 Aug 2009 03:55:35 +0000 http://homeschoolcpa.wordpress.com/?p=75#comment-4 Carol, you said....."Since your surplus is from supply fees and not general membership or tuition fees, I don’t see a problem doing a refund." Is there a problem returning general membership dues or class fees? Carol, you said…..”Since your surplus is from supply fees and not general membership or tuition fees, I don’t see a problem doing a refund.”

Is there a problem returning general membership dues or class fees?

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