Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.
Just got my copy of this fall 2008’s “Nonprofit News” and came across an article from Jon Pratt (Executive Director for Minnesota Council of Nonprofits’) on 990 changes.
In it he points out that the new Part VI – Governance, Management and Disclosure – has 22 new yes/no questions about organizational policies and board procedures. The suggestion he has is to take a dry run at the document now, if you have not already done so.
This is very good advise and I am hoping that everyone reading this will take that advice and make sure they can answer the questions, just don’t leave it to the accountants to do.
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