FINANCIAL AND TAX IN THE FIELD OF NONPROFIT ORGANIZATIONS. AN INTRODUCTION TO THIS REALITY Reviewed by Momizat on .   The nonprofit organizations have a group truly heterogeneous entity types. However, from the economic point of view generally have the following characteristi   The nonprofit organizations have a group truly heterogeneous entity types. However, from the economic point of view generally have the following characteristi Rating: 0
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FINANCIAL AND TAX IN THE FIELD OF NONPROFIT ORGANIZATIONS. AN INTRODUCTION TO THIS REALITY

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The nonprofit organizations have a group truly heterogeneous entity types. However, from the economic point of view generally have the following characteristics:

Many organizations are of significant size.

In general occupy many posts or affect many people.

The budgets they manage, especially those affecting the care of people, are high.

These organizations tend to be stable and persist in the future.

From the financial point of view is stable and when problems come to public entities or their members to cover the deficit.

However, there are many types of organizations, with significant differences in size, budget, method of financing, decision making, groups, etc.. that are virtually impossible to categorize them into one group. Therefore, below is a group, their relative importance, it is very interesting to analyze their characteristics, since it is fairly homogeneous and moves budgets of several billion euros. We refer to the care sector for people with intellectual disabilities.

There are a variety of groups is presented as an example a

THE FIELD OF INTELLECTUAL DISABILITY CARE

Attention to these people is done mainly non-profit entities.

Most of these entities are associated in regional federations, and part through their regional federations, the national confederation FEAPS.

Below are the details of associations FEAPS integrated.

FEAPS figures

793 partners and 17 regional federations over Ceuta and Melilla

90,000 people with intellectual disabilities

230,000 associates

2600 services

16,000 professionals to assist people with disabilities, which must be added the thousands of people with intellectual disabilities employed

7,000 volunteers

The different associations are autonomous, have their own governing bodies and their own budgets. But very similar characteristics.

SAMPLE TYPE REAL a non profit that operates solely on a province of less than 250,000 inhabitants:

XXXXXX is a non-profit public interest declared. Its main objective is to promote, encourage and support all kinds of actions to improve the quality of life of people with intellectual disabilities and their families in the province of XXXXX in different areas: housing, employment, health, education, leisure , sports, personal autonomy and social …

To achieve this available to the group of people with disabilities various centers have been adding to its network of services:

4 residential character Centers – Occupational

2 sheltered housing

1 Special Employment Center

2 Occupational Centers

1 Club of leisure

1 Club Deportivo

It supports more than 400 people with intellectual disabilities

Employing over 250 professionals.

The budget is close to 10 million euros, as well as their assets.

This entity carries out activities exempt from VAT and subject, as it has a holding which intervenes in the market and employs over 40 people with intellectual disabilities.

This entity carries out activities subject to corporation tax (Special Employment Center) and activities not subject the care.

Their sources of funding are a percentage as follows:

70% of the regional government

10% Sales of goods and services

10% of the users

5% of local

5% of sponsors (social work and other savings)

Financial and tax idiosyncrasy:

Financial problems are the most important gap between the grant and payment of certain subsidies.

It features absolute security and that this entity over 40 years and under no circumstances consent to public entities bankruptcy.

The public financing system is changing. Prior grants were charged. Later it came to booking concerts and occupation of places. Is currently implementing the system of long-term contracts to 10 or 15 years with the regional government.

Because of this, income is certain, safe and perfectly predictable.

Investment projects, even publicly funded around 75%, NGOs need to borrow 25%.

Investment projects should be developed by the entity and are justified only when the payment to providers of investment, the government pays a subsidy.

The assessment of taxes is very complex rules of proportion to the VAT exempt activities and not exempt from corporate taxation, taxation of membership dues and donations, and so on.

The sponsors and the people who made donations receive tax advantages.

People who manage the funds from the financial point of view, are not very professionalized, they are not aware of the financial costs, but still highly value the personal attention and services.

These people do not value cards and products of this type, however appreciate the convenience of the web, the attention of the office and finance.

There is a problem, managed unsatisfactorily, which are the funds and the savings of people who are supervised by the institution and which maintains the ‘keeper made. “ These people may have savings ranging from tens of thousands of dollars to more than 100,000 € in some cases. Today is not taking adequate profitability and its policy is not uniform, and managed with different financial institutions.

Maria Jesus Ruiz de Arriaga

 

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