Voluntary Health & Welfare Orgs?

  • Creator
    Topic
  • May 29, 2013 at 5:40 pm #177844
    memmy29
    Participant

    Would a homeless shelter be considered a voluntary health & welfare organization? I know things like the Red Cross and YMCA are…but not sure about this one.

    AUD-84, REG-75, BEC-84, FAR-77

    Licensed CPA

    CIA Exam
    Part 1 - Passed
    Part 2 - Passed
    Part 3 - Passed

Viewing 3 replies - 1 through 3 (of 3 total)
  • Author
    Replies
  • May 29, 2013 at 6:42 pm #415909
    jgrfan1
    Member

    Stop stressing until you get the scores!

    BEC - 5/2012 - 91
    AUD - 8/2012 - 89
    REG - 1/2013 - 90
    FAR - 5/2013 - 88
    Wife, 2 kids and a job

    May 29, 2013 at 6:49 pm #415910
    memmy29
    Participant

    haha! busted!

    AUD-84, REG-75, BEC-84, FAR-77

    Licensed CPA

    CIA Exam
    Part 1 - Passed
    Part 2 - Passed
    Part 3 - Passed

    May 29, 2013 at 7:05 pm #415911
    SeattleAccountant
    Member

    @memmy,

    yes, it is. Although answer could be “depends” especially if the city government runs it. But for the purpose of FAR exam, most likely it is VHWO and not SLG. Homeless shelters are similar to emergency shelters by Red Cross or food banks run by churches or by other non-profits. This is one of the entities that mandated to issue Statement of Functional Expenses while it is optional for other NFPO.

    Becker Class of Jan - Aug 2013: FARB DONE!!!!
    CPA license pending 🙂

  • Author
    Replies
Viewing 3 replies - 1 through 3 (of 3 total)
  • The topic ‘Voluntary Health & Welfare Orgs?’ is closed to new replies.