Many nonprofits make the mistake of thinking their 990 returns are less important than an audit. Boards may give it a cursory look before signing off, but not many look carefully at areas that might be considered red flags to the IRS – never mind the reporters and donors that access Guidestar on a regular basis. As the IRS lets you know quite clearly, you must consider the 990 your most public-facing document and the basis on which many will judge your organization.
- What are the most common red flags for reporters and regulators?
- What can you do to clarify your finances to donors on Guidestar, where they are most likely to access your information?
This will be a vividly illustrated, must-do financial leadership webinar for executives, CFOs, and board members.
Chuck McLean is Senior Research Fellow at GuideStar USA, a 501(c)(3) public charity that produces the GuideStar Web site (www.guidestar.org). He has been with the organization since its founding in 1994. Prior to joining GuideStar, Mr. McLean was an instructor in business statistics and decision sciences in Old Dominion University’s College of Business and Public Administration, and Senior Statistical Analyst for the Office of Planning, Budget and Institutional Research at the College of William and Mary. Mr. McLean graduated from Christopher Newport University and earned a Masters degree in Mathematics at the College of William and Mary.