I have attached the P-plan summary and this paper needs to be related to that, Please cite all your sources in APA format, thank you
Financial
Describe the tax-status of the P-Plan (will it be part of a governmental agency or a 501(c)(3)?)
Complete a one year budget
List at least five financial policies that are relevant to your P-Plan
Identify 5 specific funding sources that you could approach
Clearly indicate the tax status by referring to the type
of your organization, i.e., nonprofit, governmental, or public
information. Discuss why the tax status is nontaxable. Also, if it’s a
nonprofit entity, discuss the major items that have to be included in
the 501 (c) (3) to get tax exempt organization status from the IRS.
Prepare a one-year budget and explain the type of budget you selected,
e.g., program budget, line-item budget, etc., and your reason(s) for
making that selection. Provide justification for the amounts requested
in the budget by providing planned activities and related workload that
are necessary to success with the mission, goals, and objectives.
Provide five specific financial policies that you consider most
important to the organization. Discuss reasons for your selection. Also,
present and discuss five of the most important funding sources that you
plan to seek, and why they are the most important sources.
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