NONPROFIT COMPLIANCE
Yellowstone Robotics rigorously follows rules published by the IRS that that govern the behavior of nonprofit organizations and guidelines published by the Financial Accounting Standards Board, including:
1982 EO CPE Text Part L describes guidelines for nonprofit fund raising
Rev. Rul. 68-489, 1968-2 C.B. 210 describes the conditions under which an exempt organization may distribute part of its funds to organizations not themselves exempt
1996 EO CPE Text Part E describes rules governing fiscal sponsorship and conduit organizations
FASB Statement 136 describes guidelines for the transfers of assets to a not-for-profit organization that holds contributions for others
Back to How Does It Work?