Not-For-Profit Organizations
Sophisticated advice and solutions that work, all with a keen appreciation for your resources
Experience in the not-for-profit sector
Working with not-for-profit organizations is important to us. Our Boston-area offices, in particular, have a long tradition of working with organizations involved in education, human services, health care and the arts. Currently we serve more than 200 non-profit organizations including colleges, private and special education schools, professional associations, human service and home health agencies, long-term-care facilities, arts organizations and many others.
The knowledge we have gained in serving these clients allows us to address technical issues quickly and effectively. Since we have a depth of knowledge in your industry, we are prepared to get down to business. Our not-for-profit team is comprised of approximately 15 partners, directors and managers along with numerous other staff dedicated to serving the needs of not-for-profit organizations.
Locally, we serve many 501(c)(3) organizations who receive federal funds. The accounting and consulting professionals in our not-for-profit group have a comprehensive knowledge of accounting requirements, grant administration regulations, federal procurement regulations and cost-accounting standards and their impact on organizations doing business with the government.
Not-for-profit Best Practices Survey
To demonstrate our commitment to the not-for-profit industry, each year our Boston-area offices sponsor the Not-for-profit Best Practices Survey.
To see this year’s results please Read More.
Dedicated tax-exempt team
We have an experienced consulting team dedicated to improving the accountability and efficiency of tax-exempt organizations, including counseling on their ongoing compliance with federal, state, local and various other regulatory agencies. The group is experienced in the review of organizational tax and reporting compliance such as: intermediate sanctions, unrelated business income, advertising versus sponsorship issues, disclosure requirements, lobbying issues, website reviews, merchandise sales, charitable solicitation, IRS representation and industry specific issues affecting the varied components of the not-for-profit sector.
Staying abreast of the issues
Backed by the resources of a national firm, we monitor governance and operational issues, tax law changes, and other relevant developments, and communicate them through association conferences, client workshops, e-mail alerts, seminars, board and management training sessions and newsletters.
Industry involvement
We demonstrate our commitment to the not-for-profit sector through our active involvement with:
- Massachusetts Society of CPAs Not-for-Profit Committee
- Health Care Financial Management Association
- Association of College and University Auditors
- National Association of College and University Business Officers
- Eastern Association of College and University Business Officers
- Massachusetts Association of 766 Approved Private Schools
- Association of Independent Schools in New England
- Massachusetts Council of Human Service Providers
- Association of Developmental Disability Providers
- We also serve on a liaison committee consisting of representatives from the MSCPA and the Commonwealth’s Operational Services Division.
Comprehensive services
We offer a full spectrum of services for not-for-profit organizations:
- Hardship and penalty abatements
- Web site review for UBIT and compliance issues
- Advertising versus sponsorship issues
- Merchant Affiliation Programs (i.e., Amazon.com)
- Contribution and disclosure requirement issues, contribution (i.e., grants) versus program revenue compliance issues
- Fundraising compliance, reporting and allocation issues
- E-filing issues and requirements
- Lobbying versus advocacy
- Merchandise sales subject to UBIT
- Various solicitation requirements and compliance, web solicitation compliance requirements, and Attorney General and Secretary of State compliance issues
- Sales tax exemption issues
- General UBIT issues and filing requirements (i.e., debt financed property/merchandise sales/advertising)
- Special tax exemptions (i.e., meals tax/sales tax/property tax/postal rate reduction/Federal communication tax/payroll tax exemptions)
- Private Foundation preparation, review and consultation on various issues
- Market segment review and compliance issues
- Organizational and purpose compliance issues
- Executive compensation planning, including intermediate sanctions reviews, deferred compensation plans, and benefits consulting
- Development planning, including assistance in structuring planned giving arrangements and general fundraising campaigns
- Financing issues, including private placement and quasi-public (MDFA and MHEFA) financing opportunities, arbitrage services, and accounting for derivative investments
- Construction cost reviews for major construction and renovation projects.
- Indirect Cost Methodology
