Remember Nhu Form 990 Analysis
Remember Nhu is a non-profit corporation with a 501(c)(3) tax-exempt status. The corporation states that their mission statement is, “to eliminate the exploitation of children in the sex trade industry throughout the world.” Within the corporation, there are seven members of the governing body, six independent voting members of the governing body, 80 volunteers, and Carl Ralston, the president, is the only paid employee. During the year of 2013, Remember Nhu’s total revenue amounted to $1,503,475 and total expenses equaled $1,148,096. In addition, the non-profit corporation ended the year with $1,589,186 of total assets and total liabilities and net assets/fund balance, which increased from $1,267,054 from the beginning of the year. Furthermore, when reporting, Remember Nhu uses the accrual accounting method. The non-profit corporation limits its expenses to activities needed for operations. While total revenue was only $355,379 more than total expenses, total revenue continues to grow each year from support. The organization is in its early stages but continues to show promising growth. Remember Nhu is doing incredible work and it would be a smart donation for individuals hoping to make a difference through a good non-profit corporation.
ACTG 470 Accounting for Non-Profit Organizations
Stacey Lewis
P103
10 AM – noon