In The News

E-News Update - Private Inurement and Benefit - The Basics   August 21, 2014
The concepts of private inurement and private benefit in the exempt organization world are oftentimes the silent killer. Most exempt organizations must be organized so that no part of earnings benefit any private individual. Read More

E-News Update - Things to Keep in Mind When Investing for a Nonprofit   August 14, 2014
Whether you are a newly formed organization looking to take your first step into the investing arena or your organization is a seasoned professional, there are certain items to take under consideration when a tax-exempt organization invests. Read More

E-News Update - Legal Obligations and Best Practices of Board Members   August 7, 2014
Serving on the board of a nonprofit organization can be an honor; however, it is important to keep in mind that board members can be held accountable for the organization’s actions. This article discusses some of the legal obligations and best practices to consider when creating an effective board. Read More


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Industries [ Not-for-Profit ]

 

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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.

 

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