KOI Financial Policies and Procedures: Difference between revisions

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 == Accounts Receivable - Donations ==
 === Donations - Policy ===
+KOI accepts donations as a form of community support. The donations should be logged appropriately as revenue.
+Almost all methods of donations are accepted such as cash, checks, ACH. In-kind donations are accepted on a case by case basis.
+Restricted donations, or advised donations, are not accepted.
+Workplace donations that are accepted must track the employee that donated, the organization that matches the donation (if there are matching donations).
+Documents should be kept that showcase the fund destination requested by the donor, the donor themself, the amount of the donation, and the date of the donation.
+Ideally, there is a donation CRM that keeps track of the donors and the donations. End of year donation receipts should be provided by KOI for all non-anonymous donors.
+If there is a transaction fee for the donation, the transaction fee should be recorded separately, and the donation should be recorded at gross value.
+If there is an organization that conflicts with the values of KOI, or the mission of KOI, KOI has every right to reject the donation and refund the donor.
 === Donations - Procedure ===
 == Accounts Receivable - Grants ==