"Nonprofit organizations that dedicate their resources to charitable, religious, scientific, or educational purposes may apply for 501(c)(3) federal tax exemption as a public charity. Successful 501(c)(3) public charity applicants enjoy many benefits not available to unclassified organizations. This fact sheet explains some of those benefits and briefly describes the 501(c)(3) application process.
501(c)(3) organizations:
. Do not pay federal corporate income tax except on income derived from u...
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I graduated from Penn State University with a degree in Accounting and took my first position as an Accountant for Quincy Villages, a Continuing Care Retirement Community (CCRC) and acquired many skills while learning about the operations of non-profit organizations. At Quincy I developed an internal audit program from scratch, accounted for a $3 million expansion project and directed the implementation of a fixed asset software system. I also prepared annual Medicare cost-reimbursement reports that took qualified direct and indirect expenses and allocated them to the skilled and intermediate nursing care cost centers through the use of a "step-down method".
Once I passed the CPA exam in 1994 I took a position as Accounting Manager for Wesley Affiliated Services, Inc. in Mechanicsburg, PA. who four years later merged with Asbury Services, Inc. located in Gaithersburg, MD. While at Wesley I played a significant role in the merger of the two organizations through heavy participation in the due diligence process and serving on cross-functioning teams. In 1999 Asbury retained me as their Finance Manager to transition and integrate the financial operations and accounting records of Wesley Affiliated Services, Inc. down to Gaithersburg, MD.
In 2001 I took a position as an Accounts Manager where I provided controller services to several scientific societies. I was promoted to Senior Accounts Manager in 2007 as a reward for my work on another merger between two scientific organizations to form American Society for Nutrition in 2006 with combined net assets of $10 million.
In September 2008 I was approached and recruited by the newly merged ASN to become their Controller and establish and build their finance department from the ground up.