Nonprofit Organizations

As a nonprofit organization you serve others and make a positive difference in the community. Along with good works, you must manage resources in the light of federal and state oversight and public scrutiny. That’s where we shine. While other accounting firms can perform the basic accounting, we have an extensive history with nonprofit organizations that brings essential knowledge to the table.

We verify that your accounting and reporting requirements are compliant for maintaining your nonprofit status. And, we help you evaluate internal controls to prevent fraud and look for ways to maximize revenue in your operations. With Salmon Sims Thomas, you are assured integrity when under scrutiny by your board, donors or outside interests.

Team members typically serve or have served on committees and boards for numerous charitable groups. In fact, we are often asked to train and educate professionals in accounting for nonprofit organizations. We have a head and a heart to work for your success.

Nonprofit clients served include:

• Churches and Ministries
• Health and Welfare Agencies
• Trade Associations
• K -12 Private Schools

Our services for nonprofit organizations include:

• Audits in accordance with Government Auditing Standards, OMB Circular A-133, and other state and local requirements
• Tax return preparations: IRS Forms 990 and 990-T, tax compliance reviews
• Tax consultation regarding selection of optimum organizational structure, unrelated business income tax, excess benefit issues and intermediate sanctions, pastoral tax issues, application for exemption, representation before the IRS
• Preparation of required reports for funding agencies
• Consultation regarding internal controls, budgeting and expense allocations by functional area

Please contact Lisa Potter, our nonprofit specialist, for more information about our services for nonprofit organizations. Click here to read more about Lisa.