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NEW YORK CITY GAY AND LESBIAN NONVIOLENCE PROJECT Form 990 (2021) Part III Statement of Program Service Accomplishments133149200Page 2Check if Schedule O contains a response or note to any line in
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Financial and annual reports are formal records that outline the financial performance and position of a company over a specific period, typically a fiscal year. They provide comprehensive insights into revenue, expenses, profits, and overall financial health.
Publicly traded companies, as well as certain private companies and organizations, are required to file financial and annual reports to adhere to regulatory requirements set by government authorities, such as the Securities and Exchange Commission (SEC).
Filling out financial and annual reports involves collecting relevant financial data, preparing financial statements (such as income statement, balance sheet, and cash flow statement), and writing a narrative that discusses company performance, risks, and outlook before submitting it to the required regulatory bodies.
The purpose of financial and annual reports is to provide stakeholders, including investors, regulators, and management, with a transparent view of the company's financial performance and position, which assists in decision-making processes and ensures accountability.
Financial and annual reports must include financial statements (income statement, balance sheet, cash flow statement), management discussion and analysis (MD&A), notes to the financial statements, and information regarding corporate governance, risks, and future outlook.
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