In The News

E-News Update - Purchasing Cards   March 27, 2014
Purchasing cards can present a risk for all organizations. While they are convenient, it is imperative for organizations to monitor the activity of purchasing cards and even assess the necessity of their use. Read More

E-News Update - Online Fundraising Continues to Grow   March 20, 2014
Large non-profit organizations have been utilizing online donations to increase charitable giving through their websites and/or social media for some time now. These efforts continue to show results. Read More

E-News Update - Selling Property to a Tax-Exempt Organization for Less than Fair Market Value   March 13, 2014
If an individual sells property to a qualified tax-exempt organization for less than the fair market value, can the individual claim a charitable contribution for the difference? Read More


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Not-for-profit organizations face challenges similar to those of any other business. Those challenges include identifying the best use of available resources, growing to support increased services, remaining financially viable while maintaining a strong focus on efficiency. However, the approach to meeting those challenges and the manner to which the issues are addressed have to be tailored to fit within the overall mission and the demands of the stakeholders of each individual not-for-profit.

Not-for-profit organizations face challenges similar to those of any other business. Those challenges include identifying the best use of available resources, growing to support increased services, remaining financially viable while maintaining a strong focus on efficiency. However, the approach to meeting those challenges and the manner to which the issues are addressed have to be tailored to fit within the overall mission and the demands of the stakeholders of each individual not-for-profit.

 

Our growing list of not-for-profit clients is proof of the ability our experts demonstrate in areas that are relevant to not-for-profit organizations. For our clients this means we are able to accurately identify with the day-to-day management issues and operational concerns such as internal controls, segregation of duties, management effectiveness and board development and are able to offer practical solutions that add value.

 

Proven areas of expertise include:

 

 

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Implementation of new audit and accounting standards
- Identification of best practices resulting from the new Form 990
- Benchmarking - Meaningful financial statements and management reports
- Improve tracking of restricted resources - Provide financing alternatives
- Legislation and litigation monitoring - Income sources structuring
- Exempt status consulting - Indiana property tax exemptions and minimization
- Federal tax compliance and state reporting requirements - Planned giving
- Intermediate sanctions legislation and regulations - Corporate sponsorship and royalty transactions structuring
- Current e-updates - Representation before IRS and state tax authorities
- Employee benefit plan review and administration - Information systems consulting
- Estate and family wealth planning - Business valuation services
- Bond issue analysis - Structuring of transactions between related entities
- Consulting on budget preparations - Accounting and financial reporting systems design and interpretation
- Cost allocation between funds and programs