Nichole Craig's Graduation Project: January 2010

Friday, January 29, 2010

January 29, 2010

I'm almost done with my outline, seriously this time. I just have a few things to change and add. After that I'll start writing my paper, hopefully it's long enough.

Wednesday, January 20, 2010

January 20, 2010

I've been working on my questions, revising and getting notes. I still kept my old questions. I have one more question to finish then I'm going to finish my outline that I started.

Thursday, January 7, 2010

Today is the second work day I have been working on my graduation project. When I was looking through my old work I found that I didn't get notes for my questions :( so this is what I worked on today. I finished two of the questions and I would've finished more, but two of my questions don't really make sense, so I have to modify them. I started my outline with just putting my questions in bullets.

key terms

• Assets: A charity's assets include cash, savings, investments, property, and other items of ownership with an exchange value.
• Charity – A charity exists to serve a societal group mission, and does not pursue self-interest or pay out profit to individuals. It is recognized by the IRS as tax-exempt and eligible to receive tax-deductible contributions.
• Compensation: Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances.
• Expenses – A charity’s expenses include spending on such things as salaries, supplies, equipment, travel, and conferences. Also including the value of donated goods that a charity distributes.
• Income statements – Shows the breakdown of a charity’s revenue and expenses, its payments to affiliates, excess or deflect, and total net assets reported in the most recent fiscal year.
• Liabilities – debt for which the charity is legally responsible for.
• Net Assets: The difference between a charity's assets and its liabilities.
• Non-profit – this exists to serve societal or group mission, and does not pursue self-interest or pay out profit to individuals.
• Revenue: Charities can derive revenue or funding from a variety of sources, including contributions, program services, membership dues, interest on savings, investment income, special events, and sales of inventory.
• Working Capital Ratio: Determines how long a charity could sustain its level of spending using its net liquid assets, or working capital, as reported on its most recently filed Form 990.

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Friday, January 29, 2010

January 29, 2010

Wednesday, January 20, 2010

January 20, 2010

Thursday, January 7, 2010

Thursday January 7, 2010

Nichole Craig's Graduation Project

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key terms