What Your Numbers Can Do for You: Taking Advantage of IRS Form 990

IRS Form 990 is more than just a tax form that many nonprofits must file every year. It’s an opportunity to demonstrate to the IRS, as well as to current and potential stakeholders, that your organization is well run and financially sustainable. It is also an opportunity to showcase key mission-centric programs.    Form 990 is another tool you can use to promote confidence in your organization…

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How to Review Financial Reports: A Guide for Nonprofit Boards

One of the most important duties as a member of a nonprofit’s Board of Directors is the stewardship of the organization’s financial resources. Board members play a pivotal role in monitoring the financial health of the organization. In fact, it is the fiduciary responsibility of the Board to do so. One of the ways the Board achieves this is by regularly reviewing several different financial reports.   These financial documents…

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