Internal Revenue Service (IRS) Form 990 is an exhaustive, complicated tax filing that goes well beyond simply reporting annual financial results. Further, the report is available publicly, seen by prospective donors, nonprofit analysts, the news media and others interested in the tax-exempt arena. This means nonprofit leaders should make time to become familiar this report and understand the information it communicates to these many audiences.
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The nonprofit facility is often constantly evolving. From routine and cyclical maintenance to meeting the needs of a new mission-critical program, existing facilities may need to be expanded, renovated, or reconfigured; or a new facility may need to be planned and built. Projects have to be put together to achieve those results.
First Step Staffing already won a Nonprofit Revolution Award in 2011, when it was pioneering a novel way to secure sustainable income for people without homes. Their new idea, business acquisition, is set to replicate their impact in cities across the U.S.
In 2011, the Metropolitan Atlanta Arts Fund (MAAF) surveyed the financial health of 40 nonprofits they’d supported over the years, and found that “this cohort of fantastic, creative, mature, highly productive arts organizations had extremely low liquidity,” said founding Director Lisa Cremin. “This was no way to do business.”