Nonprofit Form 990 Project -
Objective: To gain a functional understanding of nonprofit reporting (financial, operational, and governance) by analyzing the required and publicly available "Return of Organization Exempt From Income Tax" the IRS Form 990.
Non Profit Case Study - Part 1 (25 Pts.): Select a nonprofit organization that you have interest in and obtain the most recent year of the publicly available Form 990. Note: The organization you select must file the "Form 990" versus the "Form 990-EZ" to complete this project.
Questions: Answer the following as it pertains to the nonprofit organization you have selected. Each question is worth 2 points unless noted otherwise.
1. What is the organization type (i.e. 501 c.)? Define this type of nonprofit.
2. What is your organizations mission?
3. Are the organizations activities/programs aligned with the mission? Please explain (support with examples).
4. Did the organization initiate any new activity during the year?
5. Summarize the governance related discussion provided in the Form 990.
6. Based on the "Form 990" does the organization follow good governance practice (transparency, accountability, etc.)? Please explain (support with examples).
7. List the key sources of income.
8. List the key expenses: program, management and fundraising.
9. What was the net asset change for the year?
Non Profit Case Study - Part 2: Executive Memorandum - Write an executive memorandum (1 ½ - 2 pages, single spaced), which answers why (or why not) you would recommend for your company to make a charitable donation to this nonprofit. The executive write-up should be supported by the findings obtained from answering the questions (above).
Note: The 1 ½ - 2 pages excludes any exhibits built into the written analysis.