Will NGOsource review the accuracy of financial information submitted by the NGOs?
NGOsource will review the financial information, but we will not be verifying the accuracy of financial information at launch. Our services will include: • The review team will check that the five-year financial numbers presented in the NGO questionnaire correspond with the organization’s annual budget number. • The review team will check that the five-year financial numbers presented in the NGO questionnaire appear to be reasonable. • The review team will verify the source of the grants/funds and ensure that each organization is properly classified under the 2% rule for publicly supported organizations. • In the future, NGOsource anticipates that it will offer grantmakers the option of downloading the file containing all of the questionnaire responses. This will allow grantmakers to do a quick check of the financial numbers against financial statements, which are collected by many grantmakers as part of their standard granting due diligence process. While NGOsource will be conducting
