Not For Profit

Overview

Warren Averett's Not-for-Profit Services Group knows and understands the unique issues that face not-for-profit organizations. We have dedicated professionals who work hard to stay up-to-date on current and emerging issues that relate to the not-for-profit community.

Our not-for-profit clients represent a wide variety of tax-exempt activities. These not-for-profit clients represent research, life sciences, healthcare organizations, higher education, performing arts, private foundations, private clubs, health and welfare entities, religious entities, senior health and housing, and governmental entities.

In addition to providing compliance services - financial statement audits and tax returns, we also provide other services, tailoring them to suit the needs of higher education and other not-for-profit clients. These services include:

Policies and Governance

• Organizing of audit committees
• Establishing conflict of interest policies and codes of conduct
• Developing accounting policies and procedures
• Developing donation, endowment, and gift acceptance policies
• Developing federal compliance/grants management policies and procedures
• Developing investment and spending policies
• Assisting with strategic planning

Compensation and Personnel

• Assisting with the design of compensation systems
• Consulting on compensation levels and performing salary surveys
• Recruiting and screening financial personnel
• Formation and structuring Issues
• Writing business plans
• Applying for not-for-profit status with the IRS
• Structuring joint ventures
• Structuring and formation of subsidiaries

Management Information Systems and Tools

• Developing cash flow projection spreadsheets
• Developing benchmarking criteria
• Developing systems for tracking restricted net assets and allocating earnings
• Developing customized complex budgeting/forecasting models
• Developing tax estimating tools
• Performing accounting department "Best Practices" reviews
• Consulting on fund-raising, HR, payroll and fixed asset software

Training

• Conducting not-for-profit accounting and tax update seminars
• Conducting educational workshops on the basics of not-for-profit accounting and taxes
• Providing training on federal grant compliance

Internal Controls

• Performing internal control reviews
• Performing fraud investigations

Tax Consulting

• Consulting on federal tax issues
• Consulting on state tax issues, including property tax exemptions
• IRS controversy resolution and ruling requests
• Performing an unrelated business income tax study

Other Consulting

• Monitoring compliance with self-dealing and intermediate sanctions rules
• Determining payout requirements and excise taxes for private foundations