[2-Part Series] Annual Nonprofit Reporting: Staying in Compliance with the Requirements

Every nonprofit is required to submit several different reports annually to both their federal and state regulators. The complexity of these reports depends on the size of your organization. The most well-known filings are the Federal Form 990 and your annual financial statements. These and other filings serve several purposes. In addition to ensuring that your organization has stayed mission focused, the IRS and other federal and state agencies, also, want to get a better understanding of your organization's overall health. It’s important that you follow all of the requirements and stay in compliance. Your annual filings will also be of interest to other parties including management, directors, donors, grant makers, and the community you serve so it’s important to get it right. What You’ll Learn: • Federal reporting forms, including Form 990 and annual financial reports• Complying with the requirements• Transparency and governance in the filing process• Documents and reports• Best pra