Conflict of Interest with Potential Business Partners

In this episode, we are looking at a New Orleans nonprofit who must answer questions on its financial makeup, regarding the services they provide, how they make money, and how much they have made. What makes the story even more interesting is that the founder of the nonprofit and the President of a for profit company that works with them are married, thus creating confusion and raising eyebrows into their financial standing. This also raises questions regarding potential conflict of interest and how funds are being allocated and spent with both organizations. 

Connect with Chyla and CNRG Accounting Advisory:

• Follow us on Instagram: https://www.instagram.com/cnrgadvisory/

• Like us on Facebook: https://www.facebook.com/cnrgadvisory/

• Follow us on Twitter: https://twitter.com/cnrgadvisory

• Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/

This Week’s Story

• https://www.wdsu.com/article/wdsu-investigates-few-records-available-for-nyx-subsidiaries-travel-spending/33586507

Podcast Resources

• https://www.cnrgaccountingadvisory.com/About/

• https://nonprofitnuggets.podbean.com/

DIY 990

• https://www.cnrgaccountingadvisory.com/990/