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The end of the year is growing to a close, and that means several different things for
anon-profit. First, we give praise that we have lasted one more year in this downtrodden economy and managed to feed almost 1,000 animals. Second, after the rosy glow of our accomplishments fade away, we have to get down to brass tacks and business.
Running a non-profit takes a lot of work, and we have to be very careful with our records to appease the government. Our annual board meeting will be held on Thursday, December 17th. This is our once-a-year sit down to discuss where we have been, and what our future holds. At this time I have to present the Board with all of our expenses for 2009, as well as a list of our financial donations and donors. Also, I must make sure that all receipts are in order and accounted for.
This same list, along with copies of checks and all financial records are turned over to our CPA for tax preparation. All 501(c)(3) organizations are legally bound to disclose there tax records at the request of anyone. So, if you ever have a question about Petey’s Promise, or another charity, and how they spend their money, all you have to do is ask. If they don’t provide their records, report them to the Secretary of State and do not donate to them until they provide the requested documents.
There are a lot of good charities out there, but unfortunately, there are also a lot of “convenience” charities set up as tax shelters. So, be careful this Christmas as you are thinking about which non-profit you might want to help during the season of giving. Whether it be Petey’s Promise, or another cause that is dear to your heart, on behalf of all non-profits, we thank you for a great 2009!
