What is an Annual Report and why do I have to file one?
We require that all projects report to us on how they spent the money we disbursed to them annually because of our obligations to the IRS as an exempt organization. Every year, Fractured Atlas has an independent audit performed by an accounting firm at the close of our fiscal year and the information reported to us through the Annual Report is required for that process. Fractured Atlas’s fiscal year is September 1- August 31, so your Annual Report would detail what you did with money we gave you specifically for that time period. The Annual Report form is another online form that we provide via our website (accessible only when logged in). It contains a narrative section and a basic budget form that all projects must complete. If you have kept decent records, it shouldn’t take more than 15 minutes or so to do this. Any project that does not complete an Annual Report by the deadline will have their fund frozen until it is completed.
