• Kate

    Member
    May 31, 2024 at 12:00 pm

    Kristin,

    Your new accountant is correct that any revenue that is received by the nonprofit should be reported on the 990. While there isn’t a way to report them “below the line”, you can communicate how the funds are re-distributed by how you complete Part III: Statement of Program Accomplishments. You can describe this aspect of your work as a program. You’ll see that this includes a line for revenue and grants made for their program. The fact that those amounts offset will help tell your story. You’ll find with the full 990 that you have more opportunity to tell your story on this form.

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