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Basics of Nonprofit Accounting: 4 Documents to Know

The Fundraising Coach

Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. Net Assets (account numbers beginning with 3000): What your nonprofit is worth, calculated by subtracting your total liabilities from your total assets. Statement of financial position.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Manage the Filings Keep a calendar of filing requirements and assign responsibility. For fiscal years beginning in 2010, organizations with income less than $50,000 ($25,000 for 2009) need only file the online “e-Postcard,” Form 990-N. File Form 1099-MISC to report payments totaling more than $600 per calendar year to such persons.

Budget 88