Annual Audit

Annual Audit

Nonprofits should consider a third-party audit by a volunteer or hired CPA. An audit ensures all money that came in was used for its intended purpose and ensures donors’ money is correctly cared for. Additionally, audits are often required for grant applications and, in some cases, Charity Registration renewals.

    • Related Articles

    • Annual Compliance

      After completing each fiscal year, nonprofit organizations must comply with year-end reporting at both the state and federal levels. Failure to remain in compliance with these requirements can result in incurring penalty fees, revocation of ...

    • Annual Report to Constituents

      Many nonprofits develop an annual report highlighting their accomplishments over the past year and goals for the next year. This report is made available on their website and often sent to donors. Annual reports should include stories about people ...

    • Annual Compliance Checklist

      Do It Yourself Assign Board Member Hire BryteBridge File 990 Tax Return File State Annual Report File Charity Registration Renewal File State Tax Exemption Renewal File State Sales Tax Exemption Renewal

    • Annual State Compliance

      While there are exceptions, generally, every nonprofit must file an Annual Report, Charity Registration Renewal, and State/Sales Tax Exemption Renewal every year. Annual Report An Annual Report is a document letting the state know your entity is ...

    • Bookkeeping

      Whether your organization receives large foundational grants, long-term reoccurring gifts, or individual donations, it needs a dedicated bookkeeping plan. Keeping track of every dollar that comes in as income and all expenses is not only good ...