The Alberta Conservation Association offers a Fisheries Prog…
The Alberta Conservation Association offers a Fisheries Program, Wildlife Program, Land Management Program and a “Report a Poacher” Program within the province of Alberta. The Board consists of 12 Directors, three of which who are related to one another. Last year, the organization raised a total of $1,500,000. Of this amount, $1,000,000 was used to deliver programs utilizing paid staff and resources owned by the Association. The remaining $500,000 was used to fund other registered charities to carry out specific activities identified as a priority in the organizations’ Strategic Business Plan. How would you classify this organization? Explain.
Read DetailsA.M. Organization was formed by two brothers and a sister wh…
A.M. Organization was formed by two brothers and a sister who invested their own money into an endowment fund with the intention that investment income would be distributed from time to time to other qualifying charitable organizations. During the year, the organization raised $91,000 in investment income and disbursed $50,000 to qualified donees (other registered charities). How would you classify this organization? Explain.
Read Details