University of Maryland Global Campus Charity Waters Website Form 990 Discussion

The single audit is an example of changes related to the Federal government and NFP organizations as may be applicable.

1. Visit your NFP organization web site and their IRS Form 990. What do you learn? Comment on disclosure issues (how is finacial information provided at the web site?).
A. Who is their auditor (name and city/state) if they prepared the IRS Form 990. If not, who signed the IRS Form 990?
B. 1st page of IRS Form 990: type of organization: 501 (c) 3?
C. Assets, Liablities, and Net Assets: how are things changing, especially at the Net Asset Level?
D. Revenues and Expenses: how do these relate?
E. Program Activities and Major funding sources and / or expenses
F. Highest paid employees or officiers – any surprises?

Separately, the Government Enttity:

Same concepts as above, but now you are looking at the Fund Balance. No IRS Form 990 but now review the CAFR. The GASB is moving foward the pension disclosure requirements that require disclosure by government entities beyond previous levels.

1. Review the CAFR for the most recent year. What do you learn?
A. Who is their auditor (name and city/state)?
B. 1st page of IRS Form 990: type of organization: 501 (c) 3?
C. Assets, Liablities, and Fund Balances: how are things changing, especially at the Net Asset Level?
D. Revenues and Expenses: how do these relate?
E. Program Activities and Major funding sources and / or expenses
F. OTher disclosure issues?

https://www.hagerstownmd.org/272/Annual-Reports

charity water.

https://www.charitywater.org/global-water-crisis

Form 990

https://assets.ctfassets.net/2w85ks0ylymt/535vBICqEGeXfNGzTy6I2m/64586615a87949337b0742aaea82dd28/2018_Form_990_Public_Inspection_Copy.pdf?