[Theforum] Evolt finances

[Daniel J. Cody]

On Wed, 7 Nov 2001, aardvark wrote:

> this brings up an interesting point...
> 
> assuming the NFP stuff goes forward, we're going to need to track 
> this stuff... for a few reasons...

aye
 
> - we'd have to as an NFP by law...

aye
 
> - people donating would be able to write it off, but only if the NFP 
> tracks it, otherwise it looks like a tax dodge...

aye
 
> so, while we may not have it now, at some point we'll need to 
> itemize spending and put together budgets (ugh)...

yup and +1 on the ugh
 
> it might be a good idea now to look at our recurring expenses and 
> assess the overhead... in fact, to get the NFP, i believe we'll have 
> to have our books in order... for now, a bullet list is probably good 
> enough...

k