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Audit or Review, How Much Assurance Do You Need?

With funding tight and the need for fiduciary transparency high, boards are weighing the pros and cons of a nonprofit audit vs. a review of their annual financial statements. Do we have a choice? As required by WAC 19.09.541, charitable or...

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Is it Time for a Financial Health Check-Up?

How confident are you in your organization’s long-term financial health? If the answer is only "somewhat," you’re not alone. We’ve assisted numerous not-for-profits looking for ways to improve the answer to that question. Throughout these projects, we observed that many of their financial issues cou...

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How to Select a Nonprofit Auditor

An annual nonprofit audit provides assurance to grantors, donors, bankers, and others that the financial statements of your organization provide an accurate picture of your financial health. However, Read More

Reviewing the IRS Form 990

The Form 990 is a not-for-profit organization’s required annual IRS tax filing. As a board member, you should be asked to review the Form 990 before it is submitted. Even though you may not be asked to sign the document, you should make sure that the not-for-profit you serve files an annual Form 990...

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New to a Board? Here’s What You Should Ask

As a board member, your fundamental role is to oversee the implementation of the not-for-profit’s mission. This includes exercising your fiduciary duty to ensure that the organization’s financial resources are effectively managed and sufficient to assure the organization’s longterm financial viabil...

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