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NONPROFIT Page No. NP 1 Date Issued: 7/2012SAMPLE OF AUDIT REPORTNONPROFIT SCHOOL ABC SCHOOL FOR STUDENTS WITH DISABILITIESREPORT OF AUDITOR THE FISCAL YEAR ENDEDJUNE 30,NONPROFIT Page No. NP 2 Date
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What is np - 1?
np - 1 is a form used to report non-profit organization's financial information to the IRS.
Who is required to file np - 1?
Non-profit organizations with gross receipts of $200,000 or more or total assets of $500,000 or more are required to file np - 1.
How to fill out np - 1?
NP - 1 form can be filled out online or by mail. Organizations need to provide detailed financial information including income, expenses, assets, and liabilities.
What is the purpose of np - 1?
The purpose of np - 1 is to provide transparency and accountability of non-profit organizations by disclosing their financial status to the public and IRS.
What information must be reported on np - 1?
Non-profit organizations must report their revenue, expenses, assets, liabilities, program activities, governance structure, and executive compensation on np - 1.
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