Expense Reimbursements

A big round of thanks to all of the presenters, attendees, sponsors and vendors at the 2010 Camp Finance NW. I was lucky enough to present at two sessions, Basics of Financial Oversight (referenced materials can be found here for the most part) and Financial Policies and Procedures. Financial Policies Below are the links and [...]

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Financial Oversight

I’m happy to point out that The Nonprofit Center’s Executive Director Elizabeth Heath has a guest column in the Philanthropy Journal’s Finance and Accounting 2010 special report. In her Piece, Financial oversight: Making it real, Liz writes about the nonprofit board’s responsibility to understand the finances, I cannot count the number of times I have [...]

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Tiered Reporting Requirements

Washington State nonprofits have some new accounting rules starting the first of this year. Effective January 1 2010, if an organization has: Average gross revenue of more than $1 million over the last three years they must have IRS forms prepared or reviewed by CPA or other third party. They will need to submit a [...]

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2009 Form 990

On February 4th, 2010 the IRS released the final version of the 2009 990. What is new and different? The changes for 2009 are few in number and many are technical. There are more detailed trigger questions and clearer language on the form and the instructions include more detail and clearer language as well. The [...]

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