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ALBUQUERQUE POLICE DEPARTMENT PROCEDURAL ORDERS SOP 216216Effective: 01/12/2022Review: 01/13/2023Replaces: 01/13/2016REPORTSRelated SOP(s), Form(s), Other Resource(s), and Rescinded Special Order(s):
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2-16 reports are financial reports that provide detailed information on an organization's activities, financial position, and cash flows.
Non-profit organizations, charities, and other entities that receive tax-exempt status from the IRS are required to file 2-16 reports.
2-16 reports can be filled out electronically using the IRS Form 990 or through third-party software. It is important to accurately report all financial information and follow the IRS guidelines.
The purpose of 2-16 reports is to provide transparency and accountability for tax-exempt organizations, donors, and the general public. It helps ensure that organizations are operating in accordance with their tax-exempt status and using their resources appropriately.
2-16 reports must include information on the organization's revenue, expenses, assets, liabilities, executive compensation, and other financial details. Additionally, organizations must disclose any significant transactions or relationships that could present a conflict of interest.
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