INDUSTRIES
Not-for-Profit
Services to Not-for-Profit Organizations & Agencies
Depth of understanding of the unique challenges facing not-for-profit organizations is one advantage our firm brings to the success of our not-forprofit clients. Experience and professionalism combine to give us a competitive edge.
We believe that, in addition to presenting accurate and comprehensive financial information, the financial statements of a non-profit organization should educate users about the program and objectives of the organization. We emphasize the "big picture" without sacrificing details which are important to you. We realize that it is vitally important to board members of non-profit organizations that the entire operation of the organization from board structure to program services is efficient and cost effective. We focus not just on the accounting function but also on the organization's structure, including systems and procedures.
Non-profits must have financial stability if they are to be effective in fulfilling the purposes for which they are organized. Many organizations find themselves negotiating the government grant maze without a road map. We can assist in evaluating control structure to improve your use of grant funds and to satisfy grant requirements.
Because of our extensive experience with non-profit organizations, we have developed our own specific procedures to test key operational areas. Our professionals will use these procedures to develop valuable insights into your organization's strengths and weaknesses. We specifically direct recommendations relating to material weaknesses in accounting systems or policies to the appropriate board members or committee. We believe that an informed board and responsible management are the best controls.
We have a long history of service to the not-for-profit industry. Regardless of the type of organization, we can help you fulfill your mission by improving your financial condition. In addition to the traditional services of auditing and accounting, we offer these services to meet your specialized needs:
- Compliance and financial audits under OMB Circular-133
- Cost allocations and indirect cost rate review
- Budgeting and forecasting
- Compliance reviews with grant agreements
- Tax exemption application
- Tax planning, preparation and compliance
- Unrelated business income tax planning
- Deferred compensation and fringe benefit package
- Operations analysis
- Internal control studies and reviews
- Accounting policies and procedures manual
