Not-For-Profits

Our team has extensive experience in providing audit, accounting and tax professional services to the not-for-profit­­­ industry. At Sansiveri, we understand that each not-for-profit organization is unique, requiring a customized working-relationship; one that will meet your demands and exceed your expectations.

Audit, Accounting and Tax Services
Audits, reviews and compilations of financial statements
Assistance with preparation of financial statements, including required disclosures
Tax preparation, including Federal Forms 990, 990-T, and 990-PF
Assistance with Unrelated Business Income Tax (UBIT) matters and related tax reporting requirements
Preparation of Federal Form 1023, Application for Recognition of Exemption Under Section 501(c)(3)
Financial statement audits in accordance with Government Auditing Standards
Single Audits under the OMB Uniform Guidance
Audits of employee benefit plans of not-for-profit organizations, including section 401(a) and 403(b) plans
Consulting Services
Endowment accounting and reporting requirements
Internal control consultation
Guidance related to properly accounting for donor restrictions
Consultation related to compliance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
Assistance in developing joint cost allocation methods
Review of governance policies

IMG_5928Since inception, we have been providing professional audit, accounting and tax services to the not-for-profit industry, including civic and community organizations, elementary and secondary schools, private and community foundations, professional associations, social and country clubs, trade associations, human service organizations, libraries, museums, other cultural organizations, performing arts organizations, and religious organizations. We have a group of highly-qualified, dedicated individuals who work together as a team to ensure that we provide the highest level of service to our not-for-profit clients. Our not-for-profit team understands the unique challenges that face not-for-profit organizations. We monitor changes to the accounting and tax reporting requirements affecting the not-for-profit industry by closely monitoring emerging issues that impact our not-for-profit client base. We develop individualized solutions for our clients to assist them in remaining compliant with all accounting and tax reporting requirements. Together, our team has a significant amount of collective experience providing tailored services for each client.

In addition to our core audit, accounting and tax service offerings, our team’s knowledge base includes providing consultation and guidance with respect to unrelated business income tax (UBIT) matters, endowment policies, the development of tools for tracking donor restrictions, and policies and procedures to ensure compliance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA).

By selecting us as your independent accounting firm, you will experience the enthusiasm, professionalism, and technical expertise that our not-for-profit team exhibits and offers. For more information, please contact Linda M. Pearson, CPA, CFE at 401-752-0566.

Read more Not-for-Profits News

Not-For-Profit Affiliations & Related Links