At its most basic level, the schedule of expenditures of federal awards, commonly referred to as the SEFA, is a supplemental schedule to the audited financial statements required when an organization meets the threshold for a single audit under 2 CFR Part 200 Subpart F. However, the SEFA, if designed and used properly, can be a useful tool to track and manage expenditures for all grants in an organization.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Materiality is the concept that tells you what’s important enough to include (and exclude) from your financial statements
Materiality is the concept that tells you what’s important enough to include (and exclude) from your financial statements
Materiality is the concept that tells you what’s important enough to include (and exclude) from your financial statements
