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Date: | Thu, 17 May 2007 09:48:30 -0400 |
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AAM has a list of resources. I got from them a book called "Not for
Profit Accounting Made Easy" by Warren Ruppel and it is pretty good.I
checked the index and there is a section on affiliated organizations.
We made the change a couple of years ago from an accountant who was not
very familiar with not-for-profit, to an auditor who specialized in our
type of accounting and it has been a whole new world for me-he is a
tremendous resource and actually less expensive because he knows what he
is doing and doesn't spend billable time trying to make retail
accounting work for a museum.If you have a lot of questions it may be
worth it to establish that type of relationship.
Good luck!
Betsey Mayhew
Stacy Klingler wrote:
> Can anybody on the list recommend a good person/website/book on
> not-for-profit tax reporting (and possibly bookkeeping)?
>
> We've had several changes in our organization in the last year and
> will be working with an accountant (pro bono, so time limited) for
> 2006 (extension already filed); however, I would like to be more
> knowledgeable before diving into the nitty gritty. (I'm also not too
> sure about this accountant's familiarity with not-for-profits.)
>
> In particular, I'm wondering what is the status of an endowment held
> and controlled by another organization for us. Is it our asset? Are
> contributions to it our income, even though they never pass through
> our hands? I realize that this is too particular a question for
> someone on the list to answer specifically, but it is and example of
> the type of question I need to research.
>
> Thoughts? Suggestions? Resources?
>
> Stacy Klingler
> Director
> Putnam County Museum
> Greencastle, IN
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