...Nontraditional sources of funding, I think would be to commercial venture. Organizations could sell it services to people who can pay for them. Bequest program - having people leave money to the organization in their will. Affinity marketing- a store could its customers that they will put a certain portion of their profit towards the organization. Phoenix Homeless Agency needs funds to continue providing counseling to qualifying recipients, so they would need to come up with the best possible way to fund their efforts. They could try several fund raising strategies to do that such as Client donations, special events, and annual campaign. I think these would do best because you would think that with the economy being the way it is that donations would not come in but that is just not true. If you make it known would your cause is for and appeal to passionate people that want the same thing they will donate. Special events are another fundraising idea I think would work, especially raffles. The organization could have another organization donation something that people would want such as a gift cards, or maybe tickets to something, I say small things like this because they could have many company’s donate this and that way there are more prizes at the end which when you think about it more people will play. Annual campaign I think would be a good idea because the organization is not new so you would think that have had donors in the past that they could contact to make...
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...Finances HSM/240 October 12, 2014 Kisha Talbert Finances The Star of Hope is a Christ-centered community organization that is committed to meeting the needs of the homeless. They have a variety of different programs that have been implemented to assist in the encouragement of success positive life changes for the clients they serve. The programs services that are used to focus on the mission of the Star of Hope, includes; education, employment, life management, substance abuse and spiritual growth. Although the Star of Hope is dedicated to providing the services needed to transform the life of homeless, men, women, and their children, these services do not come without a price to the organization. The Star of Hope utilizes many different funding sources to support the program services, such as public and private donations, the United Way, churches, civic and community groups, corporations, grants and foundations. In addition there is also the memorial and tribute program, according to the Star of Hope this program gives people the opportunity to remember special individuals with a memorial or tribute gift. The wills and estate program, which allows a person, to plan a tax deductible gift to a ministry service or other charitable programs, and finally there is the stock donation program, which allows a person to transfer their donated stock directly to the organization for the full value. Technology has paved the way for online giving for individuals making cash...
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...Case Study #1: Can Research Rescue the Red Cross? Business Research & Applications Summary The American Red Cross (Red Cross) had been a reputable non-profit organization and its function is to provide help to victims as well as those involved in rescue and relief efforts. There is a national chapter and there are local independent chapters as well that respond to smaller tragic events that upset people’s lives. The Red Cross operates 24 hours a day, seven days a week; their goal is to be there when crisis strikes. They do not receive financial support from the government; they rely on contributions from U.S. citizens to fund its efforts. For many years, it had a policy of fund raising through advertising during high profile period surrounding a disaster. Its wed-site states “One of the best ways to help disaster victims, people in need where you live, and people around the world right now is through a financial donations”. Donors are asked to contribute to the Disaster Relief Fund, their local Red Cross chapters, or the International Response Fund. The work that they do has prompted millions in donations each year. However, after the September 11, 2001 terrorist attracts, their practices came under fire and scrutiny by the media and their long standing reputation was in jeopardy. When disaster stuck, it was their normal practice to estimate the total monetary goal and advertise and collect donations to reach it. Moreover...
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...Hsm260 Collaborative Funding July 25, 2013 Bonnie Gusman The Phoenix Homeless Agency (PHA) is in the need of increased funding to further future funding toward job counseling for qualified clients. Regularly agencies get traditional contracts and grants; but the economy has increased the need and requires them to find other sources. The Executive Director and Board of Directors have begun their search by using the internet, other agencies, and community networking. They have agreed on, that there are three options that will yield revenue while keeping costs under control. This will result in money left over for their program; appealing to local government officials, contacting local businesses for donations, and holding a strong public donation campaign. Contacting local government officials the agency may access information about funding that is available to community agencies that are not related to federal or state traditional grants and contracts. These may include United Way, connections to people who might donate, grants from large out-of the area businesses and foundations, or city donations to help unemployment. They may also receive (employ, volunteer, students) grant writers who will be willing to help organization understand, locating, and the writing process, that achieve better results. Local businesses are often feeling the same negative...
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...Ethics Audit Questions April Whitehead HSM/230 February 1, 2015 Erin O'Brien Ethics Audit Questions Board: Does the board let each member know what is expected of them? This is crucial because it is pertinent for all employees or board members to know what is expected from each of them individually and as a whole. All tasks, or projects, must be clear so that the members know exactly what goals to work towards and that will also improve staff performance and in turn the organization as a whole. Staff: Does the staff members show good partnership skills (being able to work on a team)? It is crucial for all staff members to be able to work with one another. This not only helps the staff to work together as a whole toward common goals, but it also allows the organization to operate more smoothly. If staff members cannot work together, then they cannot communicate efficiently and effectively and not only does the work environment suffer but the organization also suffers as a whole. Donors/Fundraisers: Are the donors aware and informed of all of the different ways that their contributions, or money, is helping the organization? Donors like it when the results of their donations are visible. Donors also like to see that they are helping the organization that they donate to. Donors should know, and like to know, what changes, improvements, or any other positive results have been made or completed because of their donations. They like to see how their money is being...
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...NFPO’s Dr. Contributions Pledged $25,000.00 Cr. Unrestricted Donations $25,000.00 To record the pledge received Dr. Contributions Receivable $23,750.00 Cr. Unrestricted Donations $23,750.00 To record the pledge received Dr. Cash Account $24,000.00 Cr. Unrestricted Donations $24,000.00 To record the pledges received Dr. Investment Expense Account $15,000.00 Cr. Temporarily Restricted Donations $15,000.00 To record the donation received Dr. Cash Account $17,000.00 Cr. Temporarily Restricted Donations $17,000.00 To record the donation received as sales of shares Dr. Music Expenses $15,000.00 Cr. Temporarily Restricted Donations $15,000.00 To record the donation used to buy musical instruments Dr. Sales Account $5,000.00 Cr. Service sales $5,000.00 ...
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...During his first year as a social studies teacher at Wings Academy in the Bronx, New York City, Charles Best had some powerful experiences that would significantly transform his life as well influence the lives of countless others. Best recounts both the frustration and inspiration of lunchroom conversations with his fellow teachers. He remembers, “there were great ideas for programs and projects that we talked about in the teachers’ lunchroom that could never leave the teachers’ lunchroom”20 due to a lack of resources to implement them. “Funding for the basics was woefully inadequate, and teachers routinely dipped into their pockets to buy even paper and pencils for their students.”21 Best’s brainstorm for DonorsChoose.org emerged during one of these lunch conversations with colleagues. “Best figured there were probably plenty of people who would rather fork over a bit of cash for a specific classroom project than write a check to a traditional charity. So he moved back to his parents’ home to save money and designed the Web site”22 for DonorsChoose.org. To convert the idea from a pipe dream to a viable venture, Best needed the help of his fellow teachers and his students. His students’ volunteered to help start the Web-based organization. To lure his fellow teachers into trying out the organization’s new Web site, Best offered them his mother’s famous pear dessert.23 Best then used his savings to fund these projects anonymously. 24 And DonorsChoose.org has been growing...
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...The outside of your view Organ and tissue harvesting is a very big issue. People die every single day and or suffer from pain. The organs go to the doctors to tell for money, and the needed organ goes to someone who needs it. Organ removal, while not as prevalent as sex and labor trafficking, is quite real and widespread. Those targeted are sometimes killed or left for dead. More frequently poor and desperate people are lured by false promises.( Rabbi Dr. Reuven P. Bulka) The reason that they take poor and desperate people is because of these people have really nothing to fight for. They don’t know what’s going to happen when they go to trust someone who promises that they will be in a better place. Also they will get food and a place to go, but yet, they don’t go anywhere but a surgery table. This goes back a while. Like years and years. It’s mostly in china. But it also happens in other places too. Like in the Africa area and Egypt ect. In china, they do it in a different way. They do it in rooms like in hospitals and also right in public. They go on public streets and do the surgery. Everyone can see what happens and people sit there and watch too. This is okay in china; you cannot get in trouble from doing this. It’s normal there. Organ and tissue harvesting is basically a type of human trafficking where sick people either kidnap or trick people of all ages to come in to get surgery. When they get surgery, a lot goes on. They get put down to sleep...
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...Checkpoint: Collaborative Fund-raising Activity Dora McKinney November 21, 2012 HSM/260 Instructor: Greg O’Donnell Checkpoint: Collaborative Fund-raising Activity Phoenix Homeless Agency (PHA) needs funds to continue providing job counseling to qualifying recipients. Discuss with your assigned group how nontraditional sources of funding might be used to solve the funding problem for the Phoenix Homeless Agency. Be creative! Determine the strategies from your discussion group that you feel would best solve the funding needs for PHA. In dealing with the Phoenix Homeless Agency, the mission that is providing a good and sufficient service to the clients. The agency needs to figure out the most efficient ways to fund it. To fund, there is a variety of fundraising strategies with effort and dedication will be successful. The first strategy that is in mind for our agency could be to try promoting and soliciting money by using different kinds of campaigns. This would if successful, far as generating money. The large supporters and companies would be able to donate funds to benefit both sides, so in doing so the companies and supporters would be able to have a lower tax and...
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...Collaborative Fund-raising Activity Checkpoint: 3/12/2009 The Phoenix Homeless Agency (PHA) is in the need of increased funding to further future funding toward job counseling for qualified clients. Regularly agencies get traditional contracts and grants; but the economy has increased the need and requires them to find other sources. The Executive Director and Board of Directors have begun their search by using the internet, other agencies, and community networking. They have agreed on, that there are three options that will yield revenue while keeping costs under control. This will result in money left over for their program; appealing to local government officials, contacting local businesses for donations, and holding a strong public donation campaign. Contacting local government officials the agency may access information about funding that is available to community agencies that are not related to federal or state traditional grants and contracts. These may include United Way, connections to people who might donate, grants from large out-of the area businesses and foundations, or city donations to help unemployment. They may also receive (employ, volunteer, students) grant writers who will be willing to help organization understand, locating, and the writing process, that achieve better results. Local businesses are often feeling the same negative results as the individuals with the recession. The people understand needing help and should donate products to be sold...
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...The Haven funds its organization by donations and federal grant; Businesses around the area donate funding for the human services Organizations. The Haven has many fundraisers to raise money to support the organization for overhead expenses and to support the various programs that offer the homeless people that they help. They offer many areas of help such as shelter, food, clothing, counseling, referrals, and housing assistance, these different programs require funding, and all donations help with these different programs. Businesses donate money, clothing, and food; the general public also donates food, and money to help the organization. The human service organization applies for federal grants to help with expenses. The government offers grants to help businesses and organizations that need help with keeping the organizations that need help with keeping the organization open and running in order to help people. In order to qualify for federal grants an organization needs to make sure all of the applications are filled out properly and all paper work is submitted on time. If applications and paper work are not filled out correctly then the approval process can be put on hold and the organization might not be able to help many people that need help The Haven organization funding sources are very reliable as long as all applications and paperwork is filled out correctly and submitted in a timely manner. All federal grants have a time dead line where all paper work...
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...HSM/260 Entrepreneurial Fund-Raising Strategies There are many fundraising strategies that organizations use today. The Phoenix Homeless Agency (PHA) organization could hold frequent campaigns to solicit funds through various ways. Large companies would have the opportunity to donate money and lower the organizations taxable income. Special events could be held where the Phoenix Homeless Agency (PHA) organization could raise money holding auctions or by offering other incentives in exchange for donations. The Phoenix Homeless Agency (PHA) organization could also solicit funds through clients in the form of donations. Affinity marketing is a shared endeavor among a merchant and an association which acquires currency for the association. A store may possibly express to its consumers, for instance, that they will donate a fixed percentage of their proceeds to a certain association. Overall this will benefit both the business and the organization. Another form of donation is the Bequest Program which is when an individual may perhaps donate from their place of domain (wills or states) and that certain bonds and stocks will be donated to the organization through this donation program. This way, an individual can leave behind currency for an association in their written will or state maybe this is done because they want to thank them for a service that they have received in the past. Life Income Programs is another form of planned giving. Two variants of life income programs are...
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...Collaborative Fundraising Activity Holly Regan HSM/260 May 7, 2014 Greg O'Donnell Collaborative Fundraising Activity As a representative of the Phoenix Homeless Agency, our mission is to provide services to underserved population with many services. The program PHA provides that is in need of dire assistance is the job counseling program. The PHA will propose three separate concepts to utilize to raise funds the PHA is less to continue the program at this time. The first concept is client donations which PHA believes is a funding notion which can be on-going. The client feels they have contributed what they can afford and feels better about receiving PHA’s services. In the event they no longer need the services they are content knowing what they have given will go to those even more less fortunate than they were and also other community businesses that become aware of the clients participation with donating to keep this program afloat may definitely be helpful in their decision more to donate as well. The second concept is to request donations from larger corporations in the community and is a win-win for both the PHA and the donor since they can write it off on their annual taxes. If the corporation sees how well their donation has paid off then they may continue to donate the same amount or more each year. This type of donor is essential when other funding is depleted by other necessary programs and services. The third concept is to sell items people want...
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...1. Who bears the burden of proof in tax court/tax related cases? A: The taxpayer 2. What did the petitioners contend in front of the tax court as to why they didn’t keep any records/acknowledgement of the charitable donations? A: Because taxpayer thinks they made all of their contributions in batches worth less than $250, which would fall into the Sec. 170(f)(8). "Separate contributions of less than $250 are not subject to the requirements of section 3. Why was the tax court skeptical of the petitioner argument? • This donation occurred in conjunction with a single event, the Church's annual flea market. Petitioners' testimony that they intentionally made all other contributions in batches worth less than $250 requires the assumption that they made these donations, with an alleged value of $24,200, on 97 distinct occasions. This assumption is implausible and has no support in the record. • Petitioners testified that they did not assign values to the donated items until they prepared their tax return in 2012. That being so, it is hard to see how they could have ensured, at the time they contributed the property, that each individual batch was worth less than $250 • Petitioners allegedly made noncash contributions to four different charities of seven categories of items, each with a claimed value exceeding $500. But they did not maintain written records establishing when or how these items were acquired or what their cost bases were. Nor did petitioners maintain...
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...Calculate the following: Current ratio, long-term solvency ratio, contribution ratio, programs/expense ratio, general and management/expense ratio, and revenue/expense ratio for the years 2003 and 2004. Current Ratio 2003 [pic][pic] [pic] [pic] 2004 [pic][pic] [pic] [pic] o Long-Term Solvency Ratio 2003 [pic] [pic] [pic] 2004 [pic] [pic] [pic] Contribution Ratio 2003 [pic] [pic] [pic] 2004 [pic] [pic] [pic] Programs/Expense Ratio 2003 [pic] [pic] [pic]1.0 2004 [pic] [pic] [pic]1.11 Management/Expense Ratio 2003 [pic] [pic] [pic] 2004 [pic] [pic] [pic] Revenue/Expense Ratio 2003 [pic] [pic] [pic] 2004 [pic] [pic] [pic] Included are the current ratio, long-term solvency ratio, contribution ratio, programs/expense ratio, general and management/expense ratio, and revenue/expense ratio calculated in the Week Four Assignment. 2002 [pic][pic] [pic] [pic] 2002 [pic] [pic] [pic] 2002 [pic] [pic] [pic] 2002 [pic] [pic] [pic] 2002 [pic] [pic] [pic] 2002 [pic] [pic] [pic] Provide a 200- to 300-word explanation of the importance of each ratio for all three years listed in Appendix D. Include a statement of whether the organization’s financial picture has improved or not within the three-year period specified in Appendix D. The importance of each ratio in...
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