Community Corner
Novato Theater & Non-profits
Thanks to Dan Mac Donald, architect, Design review, Donors, bank lenders, the city staff, city council, June Haugen and her volunteers all working towards opening Novato Theater. Yay!
What a great group of supporters-Keep up the good work. I appreciate it. Again, thanks.
Non-profits are businesses – Novato Theater is a volunteer business with IRS tax reporting and it is a boon for Novato. Non-profits are supposed to use almost 80 % of their funds for their association and 20% for administration costs- however, some use less and the info is supposed to be available in their auditing systems.
Find out what's happening in Novatowith free, real-time updates from Patch.
New rules by the IRS change over time. Great research project –check out Non-Profits in California and the different kinds- it is another educational project.