Financial Oversight

Effective Nonprofits have adaptive systems, structures and cultural norms that build and maintain their capacity to achieve their vision, mission and goals. This means designing, maintaining and adapting organizational systems; implementing processes and tools to manage programs; and strategically organizing financial and human resources in ways that deliver most effectively on the mission. 

Professional Development and Learning:

Resource Topics On This Page:

1. Financial Management
2. Financial Controls & Policies
3. Financial & Annual Reporting for Nonprofits
4. Financial Service Providers
5. Accounting Procedures
6. Audits & Related Options
7. Single Audit Service Providers
8. Fund Investments

1. Financial Management

Banking & Credit Cards

2. Financial Controls & Policies

3. Financial & Annual Reporting for Nonprofits

  • Elegant Reporting in Nonprofit Accounting - CLA 
  • Financial Statements of Nonprofits - Accounting Tools 
  • Financial Statements: Take the Fear Out of Financial Statements - BoardSource 
  • Financial Statements: Understanding Financial Statements - BoardEffect 
  • Tax Exempt Resources & Tools for 501(c)(3) - IRS Website

Form 990 (Federal) - mandatory electronic filing requirement

  • Form 990: Electronic Filing Requirements Brochure - Aspen Institute
  • Federal Filing Requirements for Nonprofits - National Council of Nonprofits
  • Form 990 Resources & Tools - IRS Website
    • Form 990 e-File for Charities & Nonprofits - IRS
    • Form 990: Approved IRS e-File Providers - IRS
      • Approved IRS eFile Provider - Form 990 Online (990, 990-EZ)
        Free for nonprofits with less than $100K in gross receipts

Form CT-12 (State)

Financial Accounting Standards Board (FASB)

  • FASB Issues New Accounting Rules for Contributions and Grants - McDonald Jacobs 
  • FASB New Accounting Standards: Financial Reporting Standards Guide - Moss Adams 

4. Financial/Accounting Service Providers

5. Accounting Procedures

6. Audits & Related Options

State and Federal Requirements

Audit Readiness & Committees

7. Single Audit Service Providers: These NAO affiliate members offer Single Audit services for nonprofits that receive federal grants. 

8. Fund Investments

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