Author Question: Budgeting and record keeping are important matters. A. At the beginning of your effort it is ... (Read 21 times)

sammy · **on:** Jul 30, 2018

Budgeting and record keeping are important matters.

A. At the beginning of your effort it is common to discover as many needs through your actions as through you planning; still you should be aware that there are eight categories of things you may need.
B. Do not act until you have done a thorough analysis of all the resource requirements of the change effort, from initial stages through completion.
C. The primary purpose of record keeping is to demonstrate to funding sources that you are using funds in accordance with your agreement or contract.
D. Some tax-exempt organizations (only those with income of over 25,000) need to file a 990 report, which is a confidential document between your organization and the IRS.

Question 2

When raising support it is helpful to remember that

A. This means getting money, so you can purchase what you need.
B. This includes in-kind support, though American businesses rarely give items or service, instead preferring to focus on giving money in order to get tax breaks.
C. Places where you and your members spend your time and spend your money are good sources for either money or other things your organization needs.
D. Although receiving in-kind support can be helpful, you need to be aware that it may harm your efforts to obtain grant support from other sources.