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REPRESENTATION OF THE FINANCIAL POSITION OF NONPROFIT ORGANIZATIONS: THE HABITAT FOR HUMANITY SITUATION
Author(s) -
Trigg Rodger,
Nabangi Fabian K.
Publication year - 1995
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/j.1468-0408.1995.tb00408.x
Subject(s) - humanity , position (finance) , representation (politics) , business , finance , political science , law , politics
In the United States, there are over 1,000,000 nonprofit organizations and the property that they own represents 10 to 30 percent of all properties on tax rolls. Because of the influence that these organizations exert, they have a responsibility to communicate to their members and to the public accurate information as to their financial activities and financial condition. Many of these organizations, such as Habitat for Humanity, receive many of their contributions through donations of materials and labor. Do they value these types of contributions at fair market value or some other value? This paper discusses this question.