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Community Development: Foundations School of Leadership & Social Change General InformationCourse #: Sociology 3330F Section #: 530 Term: Fall Year: 20202021 Course Day and Time: Thursdays, 8:3011:30
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Community development foundations are nonprofit organizations that focus on promoting economic and social development in a specific community or region. They often provide funding and resources to local initiatives aimed at enhancing the quality of life and fostering sustainable growth.
Entities that operate as community development foundations, typically those with a recognized tax-exempt status under IRS regulations, are required to file the necessary forms to report their activities, revenues, and expenditures.
To fill out community development foundations, organizations must complete the required IRS forms, ensuring they provide accurate financial information, descriptions of programs, and details on governance and operations as per the guidelines provided by the IRS.
The purpose of community development foundations is to mobilize resources for community improvement, empower local residents, enhance economic opportunities, and address social issues through targeted initiatives and funding.
Organizations must report detailed financial information, including income, expenses, assets, and liabilities, as well as narrative descriptions of their programs, governance structure, and community impact.
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