Finance Action Plan
Kathy Evenson, Chairman
47594 257th St. Sioux Falls, SD 57104
HOW TO SET GOALS THROUGH ANNUAL BUDGETING
Provide for financial stability by setting goals through the annual budget process.
HOW TO COMPLETE THE 990 FILING PROCESS
Provide for compliance with IRS regulations to maintain nonprofit tax-exempt status annually.
Create a three-member Finance Committee for your unit.
Create a three-member Audit Committee, which may be the Finance Committee.
Obtain the Form 990 or Form 990-EZ or Form 990-N from the IRS website at www.irs.gov.
Have your unit treasurer attempt to complete as many forms as possible.
Have the Finance Committee work with unit officers and outside accountant to finalize the tax form.
If you have an outside auditing firm, get their approval of the tax form.
Have your Audit Committee (if different from your Finance Committee) review the completed tax form.
Have the Finance/Audit Committee vote to approve the Form 990 or Form 990-EZ or Form 990-N and forward onto unit membership.
Have unit membership vote on the adoption of the Form 990 or Form 990-EZ or Form 990-N.
Submit the Form 990 or Form 990-EZ or Form 990-N prior to the annual deadline, which is based on the unit's fiscal year, not calendar year. This can be completed online with the following:
Click “Form 990-N Electronic Filing System (e-Postcard)”
Please feel free to call me and I will walk you through the online process. My number is on the front of the bulletin. Below is the time table for the reports requested throughout the year.
Mid Year Reports Year End Reports From Units to District Presidents November 15, 2017 April 15, 2018
Mid year reports include activities from April 1 to November 1, year end reports include all activities from April 1 through March 31.
Additional Resources You Can Use
1. Fundraising Success (Periodical): www.fundraisingsuccessmag.com
2. Grassroots Fundraising Journal (Magazine): www.grassrootsfundraising.org
3. Internal Revenue Service: www.irs.gov
4. American Legion Auxiliary: www.ALAforVeterans.org
5. American Legion Auxiliary Foundation: www.ALAFoundation.org
6.Committee Contact Information: finance@ALAforVeterans.org