Fostering education in science, technology, engineering, and math


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?