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Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent

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Additionally, donations may come in the form of professional services or goods, which should also be accounted for. Contract Services: Expenses related to payments for services provided by contractors who are not on the regular payroll. Nonprofits may choose to specify the source (e.g.,

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Some may provide essential materials, goods, professional services, or volunteers to staff yourevents. Plan NextSteps Review your schools fundraising calendar for the upcoming semester or year. Shared Resources : Sponsoring organizations often contribute resources beyond financial donations.

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