[TheForge] Saving ABANA

[John Husvar]

gblacksmith wrote:
> Folks:  This is an interesting sidebar.  Under the IRS rules for 501 C 3
> corporations, financial statements are not only required, but they must also
> be made public to anyone wishing to view them.  This requirement exists
> because of the need for disclosure to potential donors.  If memory serves me
> correctly, there is a further requirement that financials for the preceding
> three years be available.  I am not sure that this makes for a de-facto
> requirement for an audit, but without one, how can the financials be
> certified as accurate....a rhetorical question, perhaps. However, this does
> not alter the fact that external audits are considered a standard business
> practice.  Grant
> 
> 

http://www.guidestar.org

Has recent Form 990 for most non-profit organizations in the US. Won't 
give specifics, but will show how much money came from where and was 
spent for what, more or less.

It's a start. Nobody is required to publicly reveal every jot and tittle 
of their accounting books, except for in an audit-- and often not even 
then, IIRC. (Well maybe to the IRS.) :)