F9 NFP

Question 1

What are “donated services”?

Answer 1

• They create or enhance a non-financial asset, OR
• They require specialized skills that the provider possesses and would otherwise have been purchased by the organization.

Question 2

NFP Statement of Activities:

What service fall under Program Services?

Answer 2

• Activities for which the organization is chartered
• Universities: education and research
• Hospitals: patient care and education
• Union: labor negotiations and training
• Day care: child care

Question 3

NFP Statement of Activities:

What services are Support Services?

Answer 3

• Everything not classified as program services such as:
  
  • Fundraising
  • Administration
  • Management and general
  • Membership development