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IL NFL AUDIT AND TAX, LLP 564 W. RANDOLPH STREET, SUITE #200 CHICAGO, IL 60661 3129985500 November 14, 2019Kishwaukee United Way 115 N. First Street DeKalb, IL 60115Dear Dawn:Your 2018 Federal Return
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Gather all necessary financial documents and records related to the nonprofit organization.
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Review the audit requirements and guidelines provided by the Chamber of Commerce in Illinois.
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Nonprofit organizations operating in Illinois.
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The Illinois NFP audit refers to the audit requirements for Non-Profit Organizations (NFP) based in Illinois, ensuring compliance with the state's financial reporting standards.
Non-Profit Organizations (NFPs) in Illinois that meet certain revenue thresholds are required to file financial audits.
To fill out the NFP audit, organizations must provide detailed financial information, including income, expenses, assets, and liabilities, along with accompanying documentation.
The purpose of the Illinois NFP audit is to ensure transparency, accountability, and compliance with financial regulations among non-profit organizations.
Organizations must report financial statements, a statement of cash flows, and details on contributions, expenses, and net assets.
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