Kate,

This is so helpful. I needed the explanation of the “why” to communicate with my board.

I can see in the draft the accountant sent me that they include grants given in Part III, as you said.

Many thanks!

Kristin

I am in my first year as ED of a small nonprofit. We manage some public grants for a few of our member organizations. On our budget, those passthrough revenue and expenses are “below the line.” In the past, the passthrough funds were not included in our 990 at all – enabling us to file the EZ form. With a new finance consultant (who I trust) doing…

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