Discussion Post: NFP-American Red Cross
Search for Audited Financial Statements. This report may have more information than the annual report. You may find, in your search, the A - 133 audit. Statements of Financial Position, Statements of Activities, Statements of Functional Expenses, Statements of Cash Flows, Notes to the Financial Statements.
• Comments on the Schedule of Findings and Questioned Costs (from the A-133 Audit).
• Access the IRS form 990. What is the FYE date? Comment on page 1 presentation, financial information, comparing from this year to last year. Who signed the form and what was the date.
• Using the IRS form 990, what do you learn about compensation and the management of the NFP entity? This is usually in Part VII, Section A.
• Part VIII Revenue: what are the major funding sources?
• Part IX Functional Expenses: what are the major functional expenses?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citatios.