An audit is an official inspection of an organization’s accounts that is undertaken by an outside party – either a CPA or a tax attorney.
Many people associate audits with being in trouble with the IRS, but charitable organizations, especially those who receive federal funds (even “pass through” ones) of more than $750,000, must undergo yearly audits. Even organizations who are not required by the IRS to have regular audits may want to have them because many funders and some state tax authorities require audited financial statements.
The cost of audits varies based on the amount of time needed to complete them. Generally, expect to budget a few thousand dollars for this expense. The good news is that audits are considered a normal business expense and can come out of “direct” or “overhead” costs.
During our development Harm Reduction Hacks have collected together a large number of resources from around the web you can find these in our resource folder in Google Docs. We are also always looking for more so help us by suggesting any resources we may have missed.
We do not claim that this is an exhaustive set of strategies, shortcuts, or tips for running an SSP. What we do suggest is that Harm Reduction Hacks offers down-to-earth, practical information for being a better leader, starting and running an SSP, and providing syringe access services. We feel we can say this with confidence because the Hacks are based on interviews with, and the experiences of, literally generations of people who have been doing harm reduction work.
Please note that nothing in this guide should be construed as legal advice. Please consult an attorney local to your area to ensure your program is in compliance with all local, state and federal regulations that apply to your situation.