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2021/2022 WINTER STORAGE Lamont Fair P.O. Box 506, 129 Grand St. Lamont, NY 12009 Office (518)8616671 Fax (518)8617251 Email: altamontfairstorage@altamontfair.com To reserve your space please complete,

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How to fill out value of volunteer time

01

Determine the number of hours the volunteer worked during a specific period of time.

02

Find the hourly wage rate for similar services in your region.

03

Multiply the number of volunteer hours by the hourly wage rate to calculate the value of volunteer time.

Who needs value of volunteer time?

01

Nonprofit organizations often need to calculate the value of volunteer time for financial reporting and fundraising purposes.

02

Government agencies may also require this information for economic analyses or cost-benefit evaluations.

03

Researchers and academics may use the value of volunteer time to study the economic impact of volunteerism in a community.

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What is value of volunteer time?

Value of volunteer time refers to the estimated worth of services provided by volunteers, which is typically calculated based on the hourly wage of similar paid positions.

Who is required to file value of volunteer time?

Nonprofit organizations and other entities that utilize volunteers are often required to report the value of volunteer time.

How to fill out value of volunteer time?

To fill out value of volunteer time, organizations must track the number of hours volunteers spend on various activities and calculate the equivalent monetary value based on hourly rates.

What is the purpose of value of volunteer time?

The purpose of reporting value of volunteer time is to demonstrate the impact of volunteer contributions on the organization and to comply with reporting requirements.

What information must be reported on value of volunteer time?

Organizations must report the number of volunteers, hours worked, types of activities performed, and the estimated value of the volunteer time.

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