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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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MARCH 18, 2025

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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