GUIDELINES FOR MANAGING FINANCES
As a student-run nonprofit social enterprise, ensuring transparent financial practices is acornerstone of building credibility and trust with your community of supporters. Here aresome guidelines for managing your chapter’s finances to make this possible!
Strive to ensure 100% of your deli donations go to your partner organization,CHOICE Humanitarian or The Hunger Project.
Obtain a cash box to safely store your deli donations and cash on hand. Also, besure to record how much money you have in the cash box before and after each deli dayso you can track your donations effectively.
Set-up a bank account through your University! If you can’t, contact FeelGood Worldto set up an account through them.
Keep track of your total income and expenses each week at your deli.
Have a plan in place to hand off all financial account information annually when newleadership is elected. This might include changing/updating account information whereveryour account is held.
Store the cash you’ve collected at your deli through donations in your donation jar once your deli is over.
Keep more than $100 cash on hand in your cash box! Be sure to deposit cashfrom your deli into your chapter account within 24 hours.
Use FeelGood World’s Employer Identification Number (EIN) to set up a bankaccount