VIDEO PODCAST: Improving your Form 990 Review Process [SUBSCRIBERS-ONLY]

Mike and Ben discuss the process of reviewing and approving drafts of Form 990, the steps nonprofit organizations can take to improve their Form 990 review and approval process, the importance of getting input from both financial and non-financial perspectives, how to approach the questions on page 6, Part VI, Lines 11a and 11b of the Form 990, and more.

CHAPTERS:

00:00 - Intro

01:50 - Why many organizations don’t have a Form 990 review and approval process

04:05 - The importance of reviewing answers to the non-financial parts of the Form 990 every year

06:00 - Steps to improve your Form 990 review and approval process

12:00 - How this process gets reported on the Form 990 itself (page 6, Part VI, Lines 11a and 11b).

19:30 - The process of distributing the final draft of the Form 990 to the Board

20:19 - Documenting the Form 990 review and approval process

22:00 - Selecting the people from your organization who will be involved in Form 990 preparation

23:56 - Tips for explaining the Form 990 to the Board

26:30 - Closing thoughts