Region III RLC 2005 Finance Chairs Functional

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Information about Region III RLC 2005 Finance Chairs Functional

Published on July 9, 2007

Author: FordeS


Region III RLC 2005:  Region III RLC 2005 Finance Chairs Functional LaKausha T. Simpson August 13, 2005 Overview:  Overview Region III Finance Chair Chapter Finance Chairs Solicitation Packet Collegiate Funds Request Forms National Program Funds Fundraisers IRS 501 © (3) Code Questions? Region III Finance Chair:  Region III Finance Chair Objectives Serve as an advisor and liaison to regional counterparts for chapter finance chairs Goals Provide guidelines/templates for chapter finance chairs Maintain communication with chapter finance chairs via internet communications, monthly report assessments, and regional/chapter meetings Establish shadowing opportunities for prospective regional finance chairs Chapter Finance Chairs:  Chapter Finance Chairs Objective Ensure long-term and short-term financial vitality of NSBE [insert chapter name] Possible Goals Diversify chapter income/sponsorship Reclaim previous partnerships Increase exposure to all chapter sponsorship packets Establish partnership with organization that are complimentary to chapter mission Solicitation Packet:  Solicitation Packet Highlight chapter as a unique organization Mission Statement History Membership Focus on programs – new national direction Allow easy access to its contents and chapter contacts Follow-up after each solicitation Collegiate Funds Request Forms:  Collegiate Funds Request Forms Highlight amount needed and how it will be used Write in terms of chapter priorities Cater to goal of viewer Be concise – avoid feelings and adjectives National Program Funds (NPF):  National Program Funds (NPF) Funds request process designed to encourage chapter programs – under used Proposed program must be implemented and completed in the NSBE fiscal year, August 1st to July 31st. Submitted to the review committee NO LATER THAN 45 days following the start of the program or September 15th, which ever comes first. Template online Fundraisers:  Fundraisers Table products in the FRC Marketplace Sell podium time, résumé CDs, and ad space Conduct programs as charitable events Host raffles, auctions, and socials Sell tickets for car washes, food, and skills Start book buyback, study notes, or test bank Partner with companies to increase their marketing IRS 501 © 3 Code:  IRS 501 © 3 Code NSBE Policy The national IRS code shall NOT be used by chapters We as an organization are obligated to uphold the sanctity of the IRS code All solicitation documents should state: 'The National Society of Black Engineers [insert chapter name] is a tax-exempt organization under section 501 © (3) of the Internal Revenue Code. All contributions are tax deductible.' Should be exchanged ONLY after receiving funds Received from previous CEB or college Questions?:  Questions? Slide11:  Don’t Forget. Post Your Résumés!! Via NOL Next Steps:  Next Steps Update/submit your NOL résumé – 9/01 Develop strategic plan – 9/10 Create chapter solicitation document by – 9/15 Send NPF drafts to regional finance chair – 9/15 Submit all monthly reports to chapter treasurers to be compiled and forwarded to regional treasurers Keep In Touch! Contact Information:  Contact Information LaKausha T. Simpson Region III Finance Chair Person Email: AIM: lakausha5 Web:

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