Since nonprofits don't have owners, identifying the "consolidated" entity among intertwined organizations has dogged accountants of nonprofits for some time. This problem isn't going away any time soon and actually forms the source of much confusion about reported spending by nonprofits. Currently, accounting reports provide a snapshot of where one organization's funds are spent but do not go the extra step of reporting how recipients of these funds spend them, leaving a gap between what donors want to know and what they can learn from the financials.
Monday, February 8, 2016
Following the Money Trail through Multiple Organizations
at 9:00 AM