4897 Buford Hwy, Ste 222 ......................... Làm thuê hay triệu phú

Atlanta, GA 30341-3669.............................. Đời đối xử công bình

Tel (770) 696-1189 .................................... Muốn được đời tưởng thưởng

Fax (770) 696-1587 ................................... Hãy đòi hỏi chính mình ..............(someone wrote this)

http://www.LocThaiCPA.com ....................Email: LocThaiCPA@gmail.com

Monday, April 25, 2011

Some Basic Stuff

These are just fundamental concepts, but it is worth repeating here for the clarification:

1. Members of GVACC should not expect personal monetary gain or any form of profit. This is a noble effort to accomplish a high ideal of serving our community.

2. The GVACC's resouces must exceed its costs or expenses in order to fulfill its mission. Please be realistic.

3. GVACC can conduct "businesslike" activities to be able to raise resources necessary to carry out its mission. However, the retail or service operations must be ancillary to GVACC primary mission, or they do not represent a significant activity.

4.  The intent of the use of any net proceeds from membership dues and businesslike operations is a critical one in determining how GVACC:
     - Accounts for the activity
     - Remains transparent, and
     -  Discloses properly to the public.

5.   The properly way to define a nonprofit entity is:
     - What does the organization do with its profits? and
     - Who benefits from its profits and efforts?

6.   Businesses can be philanthropic. However, businesses devote to their mission, and charity is not their mission.

7.   Governments try and could offer help. But charity is not their mission, and if they do giving aid, they are infamously slow to act.

8.   The public supports government because the public has no choice. The public supports business because the public must consume. The public supports nonprofits because the public wants to contribute to a better society.   (Phil Sherman)

9.   Businesses and most federal, state, and local governments cannot, and should not put the mission of charity or of solving all of society's needs above their primary missions. To do so would be counterproductive.  (Phil Sherman)

10.  The nonprofit organization needs planning and budgeting, then giving back within its budget.

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