Revenue Financial Statement

  • Fiscal and Annual Budget

  • The Income of the NASCIC

  • Committee Budgets

  • Annual Statements

  • Periodic Reviews

  • Delegates Employed by Federal Governments

  1. Fiscal and Annual Budget

    1. The Fiscal Year of the NASCIC shall begin on January 1 and end December 31 of the same year.
    2. The Annual Budget will be adopted by a simple majority vote of the Assembly of Delegates.
  1. The Income of the NASCIC includes:

    1. Membership Dues
      The NASCIC Executive Council will determine the membership fee structures.
    2. Contributions, sponsorships, income, and voluntary donations from third parties: Contributions, sponsorships, and voluntary donations from third parties must promote and benefit the NASCIC's mission and the spinal cord injury community. The Assembly of Delegates and Executive Council have the right to authorize a refusal of monetary resources from third parties. Third party monetary resources will be reviewed by the Treasurer.
      1. Grants
      2. Endowments and legacies
      3. Program fees
      4. Investment income and gain on sale of investments
      5. Other sources of revenue
      6. Grants from third parties or government sponsorships
      7. Crowd Funding 
  1. Committee Budgets

    1. Each committee project will develop a project plan which includes a budget of the human and financial resources and services necessary to complete the project with timelines. Baseline costs (organizing meetings, teleconferences) will be included in the budget.
    2. The Assembly of Delegates and Executive Council will determine how monetary and human resources will be secured by mandatory and in-kind contributions in order to support committee projects.
    3. Each Committee project will assign a committee treasurer who will manage and oversee the committee’s finances. The committee treasurer is responsible for management of monetary resources and reporting the financial status to the Treasurer upon request. 
    4. Committees will request financial assistance for reasons of achieving the purposes of the committee assignments.
  1. Annual Statements

    Each member shall annually sign a statement which affirms such person:

    • Has received a copy of the Conflicts of Interest policy;
    • Has read and understands the policy;
    • Has agreed to comply with the policy, and;
    • Understands the NASCIC is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.
  1. Periodic Reviews

    To ensure the NASCIC operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted by the Executive Council. The periodic reviews shall, at a minimum, include the following subjects:

    • Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm’s length bargaining.
    • Whether partnerships, joint ventures, and arrangements with management organizations conform to the NASCIC’s written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.
  1. Delegates Employed by the Federal Government

    Delegates employed by the federal government will not participate in the structuring of membership dues or other financial decisions and will not be involved in soliciting funds for the NASCIC.