Not-for-profit sector

 

The not-for-profit sector (the third sector) in New Zealand covers a wide variety of entites ranging from small local community groups to large multi-branch organisations. These primarily include fundraisers, service providers and grant givers.

 

These organisations are established with the objective of addressing a social need, rather than simply to provide a service or generate profits. Their revenues are put towards either serving their client group or achieving their objective.

 

In this section there are information and links relevant to the not-for-profit sector based on the following areas:

 

• Financial reporting
• Audit and assurance
• Tax
• Governance
• Financial management
• Not-for-profit research
• Useful links

 

Not-for-Profit Sector Advisory Committee

 

The Not-for-Profit Sector Advisory Committee (NFPSAC)  is a committee established to promote an understanding of not-for-profit sector issues within the Institute and its members. The NFPSAC also promotes the use of better practice for accounting, financial management and business methods for members, not-for-profit organisations and others working in and for the not-for-profit sector. It liaises with other committees and the special interest groups on these issues. The NFPSAC has prepared much of the material on these pages.

The NFPSAC also provides advocacy for not-for-profit issues.  To this end it has developed a Position Paper on Reporting in the not-for-profit sector. This document (dated April 2009) is available here. (see 1 below). Recent submissions by the NFPSAC to relevant bodies on financial reporting and assurance matters are also available here. (see 2 below)

For feedback, please contact notforprofit@nzica.com

 

1. In light of the current financial reporting environment, and as a national committee of the Institute, the Not-for-Profit Sector Advisory Committee (NFPSAC) has developed a Position Paper. This paper presents our position on both the imposition and development of financial reporting requirements for not-for-profit entities in New Zealand. The views of the NFPSAC reflected in this paper are not necessarily representative of the views of the Institute as a whole.

Download the Not-for-Profit Sector Advisory Committee Position Paper (PDF: 738KB)

2. As a national committee of the Institute, the NFPSAC is tasked with advocating for not-for-profit sector issues and providing advice on these issues to Institute Boards, Committees and staff. The NFPSAC regularly makes submissions to relevant bodies on financial reporting and assurance matters. Copies of our recent submissions are available.  These are:

 

For feedback, please contact notforprofit@nzica.com

 

Not-for-profit SIGs

 

There are also special interest groups (SIGs) at three branches of the Institute who facilitate programmes for members, such as continuing professional development (CPD) courses and other networking opportunities. The contact details for these SIGs are:

 

Auckland SIG group coordinator

auckland.branch@nzica.com

or telephone: +64-9-917 5924

 

Wellington SIG group coordinator

wellingtonbranch@nzica.com

or telephone: +64-4-474 7887

 

Christchurch SIG group coordinator

canterburybr@nzica.com

or telephone: +64-3-377 1458

 

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