Business People Working on Documents

Charity and Nonprofit Audits

Organizations are selected for reviews for a variety of reasons, and the scope of the audit or compliance check will vary based on the type of review. An audit starts with the initial contact and continues until a closing letter…
Gregory J. Cook, EA, CPA

Private Foundations

Every organization that qualifies for tax exemption as an organization described in section 501(c)(3) is a private foundation unless it falls into one of the categories specifically excluded from the definition of that term (referred to in section 509(a)). In…