Red Flags
Common red flags and suspected violations among nonprofits
- Reporting zero fund-raising costs while raising millions in funds
- Reporting zero administrative costs or allocating accounting fees to programs
- Reporting a percentage of administration and fund-raising costs as programs
- Conflicting numbers on the Form 990 filed with the IRS and on audited financial statements
- Misreporting what is spent on professional fund-raising
- Incomplete and inaccurate 990s
- Using unreliable methods to track staff time among expense components
Reader CommentsDisplaying 1 of 1
Emmanuel Daniel
Jan 9, 2007 10:08 PM ET
Non-profits under scrunity in Singapore
Your story on the accounting standards of non-profits is timely. Right this week, there is a trial raging in the … more
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