Non Profit Organizations
Federal and State government agencies require nonprofit organizations to obtain audits dependent upon their size and spending. Nonprofit organizations have specialized audit, and tax reporting and operational needs that require specialized service.
Our nonprofit experts work extensively with tax-exempt organizations and have deep knowledge in not-for-profit entities, accounting and operational issues. Nonprofits benefit from our nonprofit accounting knowledge and expertise in audits, tax reporting Form 990, board recommendations and strategic planning.
Non Profit Audits
Our nonprofit experts work with your organization to ensure your audited financial statements tell an accurate and reliable story regarding your nonprofit organization. We provide constant communication throughout the process including board recommendations to improve your nonprofits efficiency and effectiveness in order to give you more time to dedicate to your mission. Your nonprofit organization will be kept up to date on all evolving nonprofit accounting standards including implementing ASU 2016-14 on the Presentation of Not-for-Profit Financial Statements.
California law requires a nonprofit organization with gross annual revenues of 2 million dollars or more and that is currently required to file a report with the General Attorney must file an audited financial statement, which must be prepared by an independent CPA.
Federal law requires a nonprofit organization that expends $750,000 in federal funds in a single year must file an audited financial statement.
An annual independent nonprofit audit is generally considered a best practice, even if not required by law. Donors may not even consider funding an organization without initially looking at results of an independent audit.
Non Profit Tax
Nonprofit organizations face unique tax rules, regulations and reporting requirements. As nonprofit tax experts, we’ll make sure your returns are done accurately and on time.
Nonprofit organizations typically don’t owe taxes, however, they’re still subject to significant IRS regulations. We stay focused on the unique tax rules and requirements that affect your nonprofit organization to ensure your returns meet the highest standard so there is no risk of losing your tax-exempt status. We file all required forms including Form 990, California nonprofit Form 199 and Attorney General Form RRF-1.
We service all nonprofit organizations including:
Higher Education and Schools
Health and Welfare Organizations
Foundations and Grant Making Entities
Trade and Membership Associations