Entries Tagged ‘Board Member’:

What is Private Inurement?

There are lots of times when a client will come to us asking for advice on how to handle a situation after it has occurred.  Or they inform us of some information that has happened thinking it is no big deal, when in fact it is.  For example, one client, during audit fieldwork, informed us [...]

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Importance of an Audit Committee

It is a known fact that audit committees are an essential component in corporate governance.  The public has been increasingly focused on oversight and governance issues since the Enron scandal.  However these issues aren’t just for the “for-profit” industry.  It is becoming more and more of an issue for the not-for-profit world.  Since the re-vamp [...]

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Are You Fulfilling Your Responsibilities as a Board Member?

I wrote last week about my experience at the Nonprofit Business Summit, and I wanted to share more of the information I got out of what I considered to be a really fantastic conference.
One of the breakout sessions I attended was “Effective Board Development & Assessment,” which was right in line with my April Lunch [...]

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Related Organizations on the New Form 990

The new Form 990 requires a lot of navigating through the instructions in order to get it properly completed. I find myself looking up official definitions of various terms often as I am working on completing and reviewing 990’s.
One area that can be confusing is page 7 of the core form, where you have to fill [...]

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samk