How and when are residual funds distributed to the organizations?
For accounting purposes, residual payments are paid monthly, 30 days in arrears. This allows our bookkeeping department to collect and distribute funds with the least number of corrections in subsequent months. For example: An organization would see September’s residual payment in the form of a check received in October. Late payments by supporters would be reflected on the following month’s statement. That is true once the organization’s monthly residual check exceeds $100.00. Until that time, checks are paid quarterly.
