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Welcome New District Treasurers !
From Lois Hohl, FSARN Treasurer
If you have just been elected / re-elected Treasurer of your FSARN District?
Congratulations and thanks for volunteering!
Because the Districts function under the same Tax ID Number
(TIN#) as the FSARN Chapter, you can help the Chapter complete our annual tax
return and keep our non-profit status by sending monthly reports to me.
The items to send:
o
A copy of the bank statement (Checking and/or savings)
o
A copy of the check register (Photocopy or print electronic
register)
o
A copy of the reconciliation sheet.
The check register should list to whom the check was
written and the purpose of the expense. When you are writing a deposit in
the register, please itemize the sources of income. The usual categories
of income and expenses are:
Income Sources
Expense Purposes
Advertising
Newsletter (printing, postage)
Grants (e.g. sponsors)
Office expense (postage, printing etc)
Interest
Program expense (food, room fee, etc.)
Meeting/Program Registration
Rent (Safety Deposit, storage)
Membership Dues
Scholarship
Website
If you are computer savvy, send a copy of both the monthly profit / loss
statement from the Quicken / Quick Books and reconciliation report. If you are
keeping hand-written records, just photocopy the actual page in which you write
the checks and deposits. Then show your reconciliation that you do on the back
of the bank statement. Electronic banking? Send a copy of the same items.
Note that there is no longer a category for "donations" in the expense column.
Our accountant advises that if we have money to donate to causes other than the
promotion of rehabilitation nursing and the education of members, we would no
longer qualify as non-profit for our taxes.
Thanks, again, for all you do to keep FSARN a viable organization. I'm available
to assist your District with its financial documentation or other questions.
Email: Lois Hohl
1415 Deer Hollow Blvd
Sarasota, FL 34232
Fax: 941-917-2483
Phone (day): 941-917-6282
Cell: 941-320-2250
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