In this issue…

  • Evaluating Independence of Board of Director Members: Nonprofits must state on their IRS Form 990 the number of independent voting members on their board of directors. But what does being “independent” entail? Do contributions from board members affect their independence? What about paying your board of directors for their time?
  • Preparing for Your Audit or Review: Preparing for your annual audit (or review) can seem like a daunting task, but there are simple steps you and your team can take to make the process go smoothly.

Read more here: Profitable Solutions for Nonprofits – January 2018

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Peterson Sullivan is a Seattle-based CPA and advisory firm known for the expertise we bring to publicly traded and closely held middle-market companies, nonprofit organizations, and high-net-worth individuals throughout the Pacific Northwest and around the world.
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