Not for Profit Organizations
One of the firm's specialties and areas of expertise is
working with not-for-profit, tax exempt organizations. We
understand how not-for-profit organizations operate, and we are
knowledgeable about the unique challenges that not-for-profit
organizations face in managing their short-term operations
while working toward their long-term goals. Our not-for-profit
industry specialty group is experienced in accounting for and
advising not-for-profit organizations in areas the information
tax returns required of not-for-profit organizations by the
Internal Revenue Service. They can also assist your
organization with planning and the minimization of unrelated
business income taxes and excise taxes.
- Preparation of Financial Statements in accordance with
Statements of Financial Accounting Standards Numbers 116
and 117
- Unrestricted, temporarily restricted, and permanently
restricted contributions
- Unrestricted, temporarily restricted, and permanently
restricted net assets and release of restricted net
assets
- Board-designated net assets
- Capital campaigns and other fund-raising events
and campaigns
- Pledges receivable
- Accounting for investments by not for profit
organizations
- Government and private grants
- Audits in accordance with Government Auditing Standards
and Office of Management and Budget Circular A-133
- Sponsorships
- Agency Transactions
- Fund-raising costs
- Reporting of related entities for not for profit
organizations
- Contributed Services
- Parents' organizations at private schools
- Tuition deposits and unearned tuition at private
schools
- Salary payment options for teachers
We take pride in the successful working relationships we
consistently achieve with our audit clients. Our auditors are
attuned to our client's needs and respectful of the demands of
their daily routines. We strive at all times to minimize
disruption of our client's staffs during the audit process.
Audit engagements are planned in sufficient detail to enable
your personnel to provide maximum client assistance, thereby
reducing your audit costs. Continuity of staffing is maintained
on virtually all of our client engagements to reduce the time
that your staff must spend answering questions during the
audit. Partner involvement is stressed on each engagement.
|
