Katie New

CPA, Senior Manager in Business Advisory & Tax Services, McGowen Hurst Clark Smith, West Des Moines, Iowa

Katie joined MHCS in December of 2016. Katie specializes in exempt organizations and real estate. Katie is originally from Indianola, Iowa and received bachelor’s degrees in accounting and management from Iowa State University. Currently, Katie lives in Indianola with her husband and two daughters. Outside of work, she enjoys reading and spending time with her family. In addition to being a member of the American Institute of CPAs and the Iowa Society of CPAs, Katie stays involved with her community through her kids. She assists with her children’s basketball and softball organizations throughout the year. Katie is also the Treasurer for IRUN of Warren County and a board member of the Midwest Basement Systems Charitable Foundation.

Authored by Katie New

Understanding Nonprofit Financial Statements and the Form 990

Thursday, January 16, 2020

Many nonprofit board members and employees come from a for-profit, corporate background. While this may lay the groundwork for reviewing and understanding financial statements and tax returns, nonprofit organizations have unique accounting and reporting nuances that can make the transition more complicated than expected.