How to account for a surplus in your nonprofit records
A homeschool leader asks how to account for accumulated money on a financial statement
Category Money & Budgets
Accepting in-kind donations of equipment or services
Carol, My homeschool group (a 501c3 nonprofit) was donated $500 in science equipment. How to I record a gift like this in my record keeping? We use QuickBooks. How wonderful to receive such a generous donation. As a 501(c)(3)…
What financial reports do we need to generate monthly?
A homeschool leader wonders what financial statements she should be reviewing each month.
Embezzlement: Could It Happen in Your Homeschool Group?
How a homeschool organization can prevent embezzlement
Homeschool co-op gives “scholarships.” What are the tax liabilities?
What are the tax liabilities of a homeschool group giving scholarships?
How you pay your homeschool teachers could affect the property tax exemption for your host church
Several homeschool leaders have learned that the way that their homeschool groups are compensating the teachers jeopardizes the property tax exemption of their host churches.
Taxes and your homeschool expenses
Homeschool expenses are personal expenses and not tax deductions on the federal income tax return.
Will a nonprofit owe taxes on income from selling ads?
The IRS offers several exceptions to Unrelated Business Income Tax
Giving receipts for donations to a homeschool group
What should a homeschool group do when given a donation?
Best of: Checking accounts for homeschool organizations
A blog roundup on checking accounts for homeschool organizations