What is the rating of this nonprot by charity navigator or

Reference no: EM13576665

The objective of this exercise is to familiarize you with the audited ?nancial statements and IRS Form 990 of a Nonpro?t Entity, the American Cancer Society (www.cancer.org). Obtain the audited ?nancial statements for the ?scal year ended Dec. 31, 2010 and Form 990 for 2010. Form 990 can also be obtained from www.Guidestar.org (Hint: Please make sure that the ?nancial statements and Form 990 are for the same entity).

Respond to the following:

1. Identify the different kinds of receivables presented in the statement of ?nancial position. Is the detail the same as that presented on Form 990? What additional information have you been able to obtain from Form 990?

2. Calculate the program ratio (Total Program expenses/Total expenses) based on the ?nancial statements and the 990. Do the ratios differ? Why and by how much?

3. The 990 Schedule A identi?es the reason for the American Cancer Society's status as a public charity. What reason is identi?ed?

4. What is the rating of this Nonpro?t by Charity Navigator or Better Business Bureau Wise Giving Alliance or other watchdog agencies? Explain what this means.

Reference no: EM13576665

Questions Cloud

Eden contributed 30000 in cash to the business to receive a : the abcd partnership has the following balance sheet at january 1 2013 prior to the admission of new partner eden.cash

Eed sharp and tucker were partners with capital account : reed sharp and tucker were partners with capital account balances of 80000 100000 and 70000 respectively. they agreed

Muller corp pays its employees monthly the payroll : muller corp. pays its employees monthly. the payroll information listed below is for january 2013 the first month of

Matrix inc acquired 25 of neo enterprises for 2000000 on : matrix inc acquired 25 of neo enterprises for 2000000 on january 1 2011. the fair value and book value of 25 of neos

What is the rating of this nonprot by charity navigator or : the objective of this exercise is to familiarize you with the audited ?nancial statements and irs form 990 of a

Suppose both companies experience a 50 increase in sales : income statements for two different companies in the same industry are as

During 2011 towson recording company increased its : during 2011 towson recording company increased its investment in marketable securities by 40726 funded fixed-assets

Determine the balances of the t accounts having two or more : travis fortney an architect opened an office on april 1 2010. during the month he completed the following transactions

Produce a valuation estimate for cermco for december 31 : cermco produces and sells specialty customer relationship management crm solutions to small and medium-size businesses

User Account

All Pages