Not-for-Profit Organizations
As consultants, auditors and tax professionals for not-for-profit organizations and private foundations, Raich Ende Malter & Co. LLP can assist clients with the financial, planning and assurance aspects of their organization’s operation. We have worked with clients on the complex accounting issues and practices exclusive to not-for-profits, helping create solid financial plans and reporting packages, supporting management and helping each organization make effective decisions.
Not-for-Profit clients include tax-exempt entities under the following IRC sections:
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501 ( c ) (2) |
Title-Holding Corporation for Exempt Organization |
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501 ( c ) (3) |
Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations |
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501 ( c ) (4) |
Civic Leagues, Social Welfare Organizations, and Local Association of Employees |
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501 ( c ) (5) |
Labor, Agricultural, and Horticultural Organizations |
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501 ( c ) (6) |
Business Leagues, Chambers of Commerce, Real Estate Boards, Etc. |
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501 ( c ) (7) |
Social and Recreational Clubs |
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501 ( c ) (8) |
Fraternal Beneficiary Societies |
Our services include:
- Audit and Accounting
- Audits, reviews and compilation of financial statements
- Audits of cost reports required by government agencies
- Audits in accordance with Governmental Auditing Standards, OMB A-133, HUD and other specific government requirements
- Preparation of management letters with recommendations for improvements
- Strategic Business Planning
- Assistance in the development of outcome and performance measurement programs
- Reorganizing the corporate structure to incorporate not-for-profit and for-profit subsidiaries
- Assistance in evaluating and establishing internal control procedures
- Developing, recommending and implementing accounting systems
- Obtaining banking and other credit facilities
- Preparing financial projections and forecasts of planned facilities
- Evaluating different sources of financing
- Tax and Employee Benefits
- Preparation of forms 990, 990-T and state filings for tax exempt not-for-profit entities
- Planning for not-for-profit and for-profit subsidiaries or combinations thereof
- Assistance with the completion of the request for exemption (Form 1023) to be filed with the Internal Revenue Service
- Addressing unrelated business income tax and sales tax issues in related and unrelated trade or business income
- Providing benefit and retirement planning for employees
For further information please contact:
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