KITCHEN HOSTS NONPROFIT FINANCING SEMINAR


Kitchen

          PHILADELPHIA, June 15 – State Sen. Shirley M. Kitchen will host a free seminar, entitled “Nonprofit Bookkeeping, Banking, and Beyond,” for Philadelphia’s nonprofit organizations at the Free Library on Friday, June 16, beginning at 9 a.m.

          “The nonprofit community is a major reason why Philadelphia is a great American city,” said Kitchen (D-Philadelphia). “This is an opportunity to help these groups make the most of their financial resources.”

          Citizens Bank, Community Accountants, the Pennsylvania Institute of Certified Public Accountants (PICPA) Greater Philadelphia Chapter, University of Pennsylvania’s Entrepreneurship Legal Clinic, Resources for Human Development’s New Beginnings Nonprofit Incubator, and Pennsylvania Bureau of Charitable Organizations are co-sponsoring this event. 

          The seminar will provide nonprofit groups with vital information on soliciting contributions, using the Internet, managing their finances, bookkeeping, reporting to board members and donors, complying with the Internal Revenue Service, handling legal issues, and banking.

          Kitchen noted that the United States is home to more than one million registered nonprofit organizations. In Pennsylvania alone, the number of nonprofit groups grew from nearly 51,000 in 1996 to more than 62,000 in 2004, according to the National Center for Charitable Statistics.