Shaping a positive future for our veterans, our military and their families.

Finance

Department of Alaska
Finance - 2017-2018
Diana Estrada, Chairman Email: dkayestrada@yahoo.com
Sharon Cherrette (1 year)
Jane Larson (2 year)
Debbie Lowndes (3 year)

Important Tax & Fidelity Bond Information (click to download)

Finance Committee. The Department President shall appoint one three-year member to the revolving three-member committee. If a vacancy occurs for any reason, she shall immediately appoint a member to fill the un-expired term. Each member of the committee must be from a different Unit. The committee may use fax, phone or registered mail at Department expense if the committee is unable to meet together. All papers and reports must be returned to the Department Secretary at the Department convention.

The Finance Committee shall be charged with the preparation of the Department yearly budget and the supervision of the Department Treasurers’ expenditure of funds under that budget. They shall reconcile ALL Department accounts quarterly, verifying that all income, expenses and balances are in compliance with the budget. A copy of the quarterly report must be mailed to all members of the Department Executive Committee. The year-end report of the Finance Committee will be audited at the annual Department Convention by the Audit Committee. An oral and written report is to be given at the Department Convention.

There is increased demand from the public and the government for accountability from nonprofit organizations to demonstrate that a nonprofit is indeed serving the public good and fulfilling the charitable purpose for which they were granted federal tax exempt status.

“Transparency” merely refers to the level of openness in which a nonprofit operates and reports to the public. Transparency refers to the widespread availability of relevant, reliable information about the performance, financial position, and governance of an organization.

The American Legion Auxiliary, Department of Alaska’s annual report and any audited financial statements are available by simply contacting the Department Secretary at aladepak@gci.net.

The IRS Form 990, which include the findings of the annual external audits, is tantamount to an organization’s annual organization and financial report.

The American Legion Auxiliary’s IRS Letter of Determination grants a group tax exemption to the American Legion Auxiliary is available for download by just clicking here. Note: The ALA IRS Group Exempt Status Letter of Determination is dated 1973 and the 1973 Letter is the ALA’s current IRS Letter of Determination. Simply, the IRS made its most recent determination in 1973 and the determination stands until the IRS revokes or amends its exempt status determination about a charitable nonprofit.

 

Top of Page ... Home ... Contact ... Sitemap

© 2017 alaskalegionauxiliary.org
Phone: 907-227-8169 E-mail Us

Photo Credit: ©davidmarx - Fotolia.com