Nonprofit Financial Disclosure Requirements As a tax-exempt “public charity,” we embrace the values of accountability and transparency as a matter of ethical leadership, as well as legal compliance.
Our leaders know that financial transparency will help preserve the very-important trust each donor places in us with each contribution. Additionally, and no less importantly, conduct that is accountable and transparent earns our employees trust and creates a positive workplace culture. Earning trust through financial transparency and accountability goes beyond what the law requires. But, what does the law require? Nonprofits are required to disclose certain financial information to the public upon request; board members have access to financial information in order to fulfill their fiduciary duty to the nonprofit.
What must a nonprofit disclose to the public? Tax-exempt nonprofits are required, upon request, to provide copies of the three most recently filed annual information returns (IRS Form 990) and the organization’s application for tax-exemption. To demonstrate a commitment to transparency and to make it easier for those seeking financial information to view these documents, we’ve made them available to you here. If you desire any additional information, please drop us an email at kbolton@elwilliamsfoundation.org.
Our leaders know that financial transparency will help preserve the very-important trust each donor places in us with each contribution. Additionally, and no less importantly, conduct that is accountable and transparent earns our employees trust and creates a positive workplace culture. Earning trust through financial transparency and accountability goes beyond what the law requires. But, what does the law require? Nonprofits are required to disclose certain financial information to the public upon request; board members have access to financial information in order to fulfill their fiduciary duty to the nonprofit.
What must a nonprofit disclose to the public? Tax-exempt nonprofits are required, upon request, to provide copies of the three most recently filed annual information returns (IRS Form 990) and the organization’s application for tax-exemption. To demonstrate a commitment to transparency and to make it easier for those seeking financial information to view these documents, we’ve made them available to you here. If you desire any additional information, please drop us an email at kbolton@elwilliamsfoundation.org.