501(c)(3) umbrella organization

[macie]

First off, I am new to bookkeeping for nonprofit and am striving to get things up and running correctly. We are an umbrella nonprofit organization for a small community underwhich local fundraising groups who do not have a 501(c)(3) status can go through. Currently, a group is working to build an historical museum in the community and are using this umbrella nonprofit to run everthing through since they do not have their own 501(c)(3) status yet. My concern regards keeping expenses separate from the program/museum and the umbrella organization. We are a young organization and all revenue received has been for this museum endeavor, however there are expenses, such as the bank account fees, AG fees, SI fees, etc., all in the name of the umbrella organization. I'm looking at them as operation fees for this umbrella organization separate from the program/museum. Should such expenses be split between the umbrella organization and the museum, remain solely as expenses for the umbrella, or be absorbed by the museum? Any and all tips regarding bookkeeping for this type of situation will be greatly appreciated.

[Joe Williams]

If you set a "customer" NON-PROFITS and the n a job for each of the organization that are using your non-profit umbrella organization, then enter their Job name on Invoices/sales receipts and bills/checks you can use the P&L by Customer to slit the income and expenses for each customer:job.

[Lolla555]

I had a similar situation to resolve with my nonprofit organization. I’ll try out the steps that Joe suggested to split incomes and expenses.

[jausi001]

I'm looking at them as function charges for this outdoor offset umbrella company individual from the program/museum .
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