to Kellogg / SOFO
student organizations are required to manage their finances
through the Northwestern University Student Organizations
Finance Office (SOFO) and are assisted in this by the Kellogg Financial Planning and Analysis Department.
of Kellogg Student Organizations: Kellogg student organizations
are legally considered to be part of Northwestern University
which is a not-for-profit organization with full legal, financial,
and tax support services. Student organizations operating
in accordance with University policies are entitled to the
Universitys support, including proper legal recognition
of the organization, tax exempt status, financial and legal
support, assurance of proper internal control, and certain
insurance coverage. University policy requires that student
organizations manage their financial affairs through SOFO,
and prohibits maintaining any bank account or investment account
outside of SOFO.
Policies and Procedures: Through SOFO, your organization
can deposit funds, request checks for reimbursements and payments,
and accept internal charges for university services. This
handbook summarizes SOFO policies and procedures as they generally
relate to Kellogg student organizations. See the full SOFO
Treasurers Handbook for other transactions that may be relevant
to your club.
Tax Exemption: The university is exempt from Federal and
State Income Taxes and from paying Illinois State Sales Taxes.
If you need an Illinois state sales tax exemption statement
for a SOFO payment to a vendor, please see your Club Treasurer
or the Student Affairs Office.