Year End

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Guideline for treasurer and board as to what is required to generate RMM's year end financial report.


Summarize and generate report of financial activity
Have second member (preferably one with auditing or financial experience) review numbers before finalizing and reporting to RMM board.


Membership numbers

Once done, update and create:

Red Mountain Makers Financial Summary
Red Mountain Makers Financial Activity and Projections
Membership report
Financial Plan
Cash flow report
Budget projection for next fiscal year
Assumptions & notes. These are important, as they help explain the numbers being presented, especially for non-financial people.

Present the annual report to the membership at the March general meeting.

Once reviewed and approved by the attending membership:
  1. Make any needed changes in the report.
  2. File the RMM Form 990-N with the IRS (must be filed by May 15th of the year following.
  3. Upload the finalized annual report to RMM's google drive.
  4. Link to relevant pages on the wiki and website.
<more stuff to be added>


Substantiating Charitable Contributions

Charitable Contributions Substantiation and Disclosure Requirements

IRS Stay Exempt - Tax Basics for Exempt Organizations

Form 990 Overview Course

Reporting Requirements for Non-Cash Charitable Donations under the Form 990 (DC Bar Pro Bono Center)

Alabama Association of Nonprofits

Standards for Excellence booklet

National Conference of Nonprofits

Alabama Code on charitable organizations and fundraisers