A liability account representing receipts of cash in advance of delivering goods or rendering services.  These types of transactions are not recognized as revenue until the exchange involving the tran [..]

The difference between actual and budget performances.

The excess of current assets over current liabilities. The level of working capital is viewed as a measurement of liquidity.

Generally result from revenues from providing services, producing and delivering goods, receiving unrestricted contributions, and receiving dividends or interest from investing in income-producing ass [..]

The use tax is a complementary tax to the sales tax.  Use taxes are imposed on the privilege of ownership or possession, storage, use or consumption of tangible personal property.  The purpose of the [..]

Generally, a tax-exempt organization with gross income of $1,000 or more for the year from an unrelated trade or business must file a tax return and pay any tax due.  A basic principle that establishe [..]

Determines the general direction and goals of the Society in both the short and long term.  Strategic planning considers the resources of the Society, the likely behavior of competitors, the direction [..]

The part of the net assets of a not-for-profit organization resulting from (a) contributions and other inflows of assets whose use by the organization is limited by donor-imposed stipulations that eit [..]

An holistic process designed to transparently manage the strategic addition, ongoing review and potential sun setting of programs within Membership & Scientific Advancement, Education and the Offi [..]

Governance approved programs that provide a direct benefit to the Society's members or directly support the advancement of chemistry as a scientific discipline, which are generally not self-susta [..]