Board Review of Form 990

As treasurer of a non-profit here in Ft. Worth I reviewed the Form 990 with our board. We have a 15+ member board and the process took an hour. Significant discussion regarding governance policies, program descriptions/achievements, mission, etc, occurred.

Was this a valuable process for each new member. YES.

Was it time-consuming to review each section? YES.

Was the board educated in financial transparency? YES!

Therefore based on this experience and others that I have had the privilege to review with our clients, treasurers please take this opportunity to understand and review this return with your governing board. Valuable input and perspectives come from continuity and longevity.