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VALUE OF DONATED LABOR TIME SHEET NATIONAL MARITIME HERITAGE GRANT RETAIN FOR AUDIT PROJECT NUMBER PROJECT NAME OF PERSON DONATING TIME KIND OF Workhouse Rate: Based On A person donating time to a
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How to fill out value of donated labor

01
Gather information about the labor that was donated, including the number of hours worked and the type of work performed.
02
Determine the prevailing wage or industry standard for the type of work that was donated. This can be researched online or through industry associations.
03
Calculate the value of the donated labor by multiplying the number of hours worked by the prevailing wage.
04
Keep documentation of the calculations and any supporting evidence, such as time logs or work summaries.
05
Include the value of donated labor in any reports or documentation that require it, such as tax filings or grant applications.

Who needs value of donated labor?

01
Non-profit organizations and charities often need to track and report the value of donated labor for grant applications and fundraising purposes.
02
Government agencies may require reporting of donated labor value for certain programs or initiatives.
03
Research institutions and academic organizations may use the value of donated labor for tracking the contributions of volunteers in research studies or projects.
04
Companies and businesses may need to calculate the value of donated labor for corporate social responsibility reporting or to demonstrate community impact.
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Value of donated labor refers to the estimated worth of time and skills contributed by volunteers to a non-profit organization.
Non-profit organizations receiving volunteered services are required to report the value of donated labor.
To fill out the value of donated labor, organizations can use hourly wage rates or industry standards to estimate the worth of volunteer time and skills.
The purpose of reporting the value of donated labor is to provide transparency and accountability regarding the contributions of volunteers to the non-profit organization.
The information to be reported on value of donated labor includes the total number of volunteer hours, the type of services provided, and the estimated value of those services.
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