Entries Tagged ‘financial statements’:

Alternative Investments

Not-for-profit organizations can hold significant investments.  Funds may be invested to safeguard endowments, to set aside reserves, to provide earnings to the programs, etc.  Not-for-profit organizations and their investment committees may decide to invest a portion of funds in alternative investments.  Alternative investments are not the traditional stocks, bonds and cash.  They are generally not [...]

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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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Non-Profits and Taxes -What?

If you work for a non-profit you may not have heard of the Accounting Standard relating to Uncertainty in Income Taxes.  Or if you have heard of it, you may be thinking that it does not apply to you since non-profits do not pay taxes.   If you fall into this line of thinking, then you [...]

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