In the Spirit of Service Not Self for Veterans, God and Country 1 Unit Finance.

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Presentation transcript:

In the Spirit of Service Not Self for Veterans, God and Country 1 Unit Finance

In the Spirit of Service Not Self for Veterans, God and Country Unit Finance Budget Prepared before the first meeting. President, Treasurer and Budget Committee if Appointed Audit Small, Medium and Large Units Small - Appoint Audit Committee There are guidelines available online that outline the procedures and checklists to follow. Medium – Either Hire a CPA or appoint an Audit Committee Large – Hire a CPA 2

In the Spirit of Service Not Self for Veterans, God and Country Unit Finance IRS –990 Forms –3 years EIN Non-profit status 501 (c) 19 – Veterans Organizations – Not Charity 501 (c) 3 – Charity Status 3

In the Spirit of Service Not Self for Veterans, God and Country Unit Finance Incorporation –Protects all the members –Not required but very strongly suggested –If the Unit is sued, and it is not incorporated, the officers and all the members personal property and money is at risk. 4