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Posts: 11559
May 6 14 11:38 AM
colorisnteverything wrote:That is a really bare bones 990. When I was in a nonprofit class last year, we were far more detailed in the fake 501(c)(3) paperwork we set up. I don't think there's anything suspicious necessarily in the 990 but it's pretty bare. The section O is WAY more simplistic than almost any I've seen for a legit charity in the past. Also, depending on the state, you *can* have family members on the board. However, they all should have to fill out conflict of interest information and I was told it was a "red flag" at least when it comes to grant funding. I'm comparing this to service orgs, though, which are a pretty different type of organization altogether. So I'm not sure how "normal" that is. Running a nonprofit is really hard and really stressful.
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