Ted Flack | Queensland University of Technology (original) (raw)
Papers by Ted Flack
Qut Business School School of Accountancy, 2007
Journal of Contemporary Issues in Business …, 2003
Form 990, the reporting document required by the Internal Revenue Service for public charities wi... more Form 990, the reporting document required by the Internal Revenue Service for public charities with at least $25,000 in gross receipts, has a roughly 60 year history. It was first required in the early 1940s, became a uniform reporting document for all states in the 1980s, and became widely available to donors via the World Wide Web in the late 1990s. Since nonprofit organizations are not legally obligated to divulge audited financial statements to the public, Form 990 is the only publicly available document that reports on the finances of the majority of nonprofit ...
Form 990, the reporting document required by the Internal Revenue Service for public charities wi... more Form 990, the reporting document required by the Internal Revenue Service for public charities with at least $25,000 in gross receipts, has a roughly 60 year history. It was first required in the early 1940s, became a uniform reporting document for all states in the 1980s, and became widely available to donors via the World Wide Web in the late 1990s. Since nonprofit organizations are not legally obligated to divulge audited financial statements to the public, Form 990 is the only publicly available document that reports on the finances of the majority of nonprofit ...
In Australia, charitable organisations are important providers of a wide range of services and ma... more In Australia, charitable organisations are important providers of a wide range of services and make an important contribution to the economy. The regulatory reform that has been occurring in the private and public sectors has not been felt by the nonprofit sector to the same extent.
Form 990, the reporting document required by the Internal Revenue Service for public charities wi... more Form 990, the reporting document required by the Internal Revenue Service for public charities with at least $25,000 in gross receipts, has a roughly 60 year history. It was first required in the early 1940s, became a uniform reporting document for all states in the 1980s, and became widely available to donors via the World Wide Web in the late 1990s. Since nonprofit organizations are not legally obligated to divulge audited financial statements to the public, Form 990 is the only publicly available document that reports on the finances of the majority of nonprofit ...
Qut Business School Faculty of Law School of Accountancy, 2002
Australian Centre For Philanthropy and Nonprofit Studies Qut Business School School of Civil Engineering Built Environment School of Accountancy, 2014
Australian charities are facing increased public scrutiny of their financial reports, which will ... more Australian charities are facing increased public scrutiny of their financial reports, which will now be submitted to the national regulator, the Australian Charities and Not-for-profits Commission. Some may wish to use reports to create so-called 'fundraising efficiency league tables'. This article seeks to provide a description of current best practice in fundraising financial reporting by examining annual reports that have been recognised with industry awards. We find a wide variation in how terms have been used, with no patterns discernible. Moreover, reporting is influenced by regulatory requirements in the relevant jurisdiction. It is unlikely that league tables will be meaningful if constructed from charities' current annual financial statements. (108 words)
ABSTRACT Defining and Accounting for Fundraising Income and Expenses
Australian Centre For Philanthropy and Nonprofit Studies Qut Business School School of Accountancy, Sep 1, 2014
Large and medium Australian charities are facing renewed scrutiny of their financial reports whic... more Large and medium Australian charities are facing renewed scrutiny of their financial reports which will be collected by the Australian Charities and Not-for-profits Commission (ACNC). The ACNC is charged with maintaining, protecting and enhancing public trust and confidence in the sector through increased accountability and transparency. It plans to achieve this in part by maintaining a free and searchable public internet database of registered charities' information, including their financial statements. The ACNC expects that there will be public, media and sector scrutiny of the register, and this will promote appropriate behaviours by donors, funders and charities themselves. In turn, this will enhance public confidence in charities.
ABSTRACT Defining and Accounting for Fundraising Income and Expenses
Journal of Contemporary Issues in Business …, 2003
As the boundaries between the nonprofit sector, the government and the for-profit sector become b... more As the boundaries between the nonprofit sector, the government and the for-profit sector become blurred, the nonprofit sector is being subjected to pressures to conform to the accountability practices of the other two sectors. The response of nonprofit organisations to these pressures may mean that the sector is in danger of losing some of the attributes that have long been asserted as the special contributions that nonprofit organisations can make to both the delivery of public goods and to a more inclusive and participatory civil society. This paper uses institutional and legitimacy theory as the theoretical lens to examine the disclosures contained in the annual reports of four nonprofit organisations. Using this approach, the paper identifies the ways in which the preparers of these annual reports respond to the pressures to be perceived as more accountable.
Qut Business School School of Accountancy, 2007
Journal of Contemporary Issues in Business …, 2003
Form 990, the reporting document required by the Internal Revenue Service for public charities wi... more Form 990, the reporting document required by the Internal Revenue Service for public charities with at least $25,000 in gross receipts, has a roughly 60 year history. It was first required in the early 1940s, became a uniform reporting document for all states in the 1980s, and became widely available to donors via the World Wide Web in the late 1990s. Since nonprofit organizations are not legally obligated to divulge audited financial statements to the public, Form 990 is the only publicly available document that reports on the finances of the majority of nonprofit ...
Form 990, the reporting document required by the Internal Revenue Service for public charities wi... more Form 990, the reporting document required by the Internal Revenue Service for public charities with at least $25,000 in gross receipts, has a roughly 60 year history. It was first required in the early 1940s, became a uniform reporting document for all states in the 1980s, and became widely available to donors via the World Wide Web in the late 1990s. Since nonprofit organizations are not legally obligated to divulge audited financial statements to the public, Form 990 is the only publicly available document that reports on the finances of the majority of nonprofit ...
In Australia, charitable organisations are important providers of a wide range of services and ma... more In Australia, charitable organisations are important providers of a wide range of services and make an important contribution to the economy. The regulatory reform that has been occurring in the private and public sectors has not been felt by the nonprofit sector to the same extent.
Form 990, the reporting document required by the Internal Revenue Service for public charities wi... more Form 990, the reporting document required by the Internal Revenue Service for public charities with at least $25,000 in gross receipts, has a roughly 60 year history. It was first required in the early 1940s, became a uniform reporting document for all states in the 1980s, and became widely available to donors via the World Wide Web in the late 1990s. Since nonprofit organizations are not legally obligated to divulge audited financial statements to the public, Form 990 is the only publicly available document that reports on the finances of the majority of nonprofit ...
Qut Business School Faculty of Law School of Accountancy, 2002
Australian Centre For Philanthropy and Nonprofit Studies Qut Business School School of Civil Engineering Built Environment School of Accountancy, 2014
Australian charities are facing increased public scrutiny of their financial reports, which will ... more Australian charities are facing increased public scrutiny of their financial reports, which will now be submitted to the national regulator, the Australian Charities and Not-for-profits Commission. Some may wish to use reports to create so-called 'fundraising efficiency league tables'. This article seeks to provide a description of current best practice in fundraising financial reporting by examining annual reports that have been recognised with industry awards. We find a wide variation in how terms have been used, with no patterns discernible. Moreover, reporting is influenced by regulatory requirements in the relevant jurisdiction. It is unlikely that league tables will be meaningful if constructed from charities' current annual financial statements. (108 words)
ABSTRACT Defining and Accounting for Fundraising Income and Expenses
Australian Centre For Philanthropy and Nonprofit Studies Qut Business School School of Accountancy, Sep 1, 2014
Large and medium Australian charities are facing renewed scrutiny of their financial reports whic... more Large and medium Australian charities are facing renewed scrutiny of their financial reports which will be collected by the Australian Charities and Not-for-profits Commission (ACNC). The ACNC is charged with maintaining, protecting and enhancing public trust and confidence in the sector through increased accountability and transparency. It plans to achieve this in part by maintaining a free and searchable public internet database of registered charities' information, including their financial statements. The ACNC expects that there will be public, media and sector scrutiny of the register, and this will promote appropriate behaviours by donors, funders and charities themselves. In turn, this will enhance public confidence in charities.
ABSTRACT Defining and Accounting for Fundraising Income and Expenses
Journal of Contemporary Issues in Business …, 2003
As the boundaries between the nonprofit sector, the government and the for-profit sector become b... more As the boundaries between the nonprofit sector, the government and the for-profit sector become blurred, the nonprofit sector is being subjected to pressures to conform to the accountability practices of the other two sectors. The response of nonprofit organisations to these pressures may mean that the sector is in danger of losing some of the attributes that have long been asserted as the special contributions that nonprofit organisations can make to both the delivery of public goods and to a more inclusive and participatory civil society. This paper uses institutional and legitimacy theory as the theoretical lens to examine the disclosures contained in the annual reports of four nonprofit organisations. Using this approach, the paper identifies the ways in which the preparers of these annual reports respond to the pressures to be perceived as more accountable.