Accounting Services For Nonprofit Organizations
Nonprofit organizations represent one of the largest and most diverse segments of the US Economy, and they are faced with specific and often complex accounting, tax, and operating regulations. At HSS, we partner with our clients to help them successfully comply with those regulations, so our clients can remain focused on the important work associated with their missions. We keep abreast of new and pending regulations to not only keep our clients informed about important changes that may impact them, but also to work with them to determine how they might effectively respond to those changes.
HSS is well known for its long-time specialization in the nonprofit field. Today, the firm provides audit, accounting, tax, and consulting services for over 150 nonprofit organizations. Our clients range in size from large, well-established entities with a national scope to mid-sized, community-based organizations to small public charities and start-up organizations.
We work with all types of nonprofit organizations, including:
- Alternative energy
- Arts organizations
- Colleges and universities
- Environmental
- Health & welfare organizations
- Healthcare provider
- Labor unions
- Low income housing
- Private schools
- Public & private foundations
- Research & development
- Social clubs
- Trade associations
- Alternative energy
- Arts organizations
- Colleges and universities
- Environmental
- Health & welfare organizations
- Healthcare provider
- Labor unions
Low income housing- Private schools
- Public & private foundations
- Research & development
- Social clubs
- Trade associations
Let our experts help
Due to the size and scope of our nonprofit client base, virtually everyone in our firm works with a nonprofit organization in some capacity. As such, all professionals in our firm are familiar with the unique accounting, tax, and operating characteristics that are applicable to nonprofits.
Our nonprofit organization clients have available the full resources of our firm and its professionals to support them by providing:
Accounting and Attestation Services
- Financial statement audits, reviews, and compilations
- Federal compliance audits in accordance with the Uniform Guidance
- Agreed-upon procedures engagements
- Retirement plan audits
- Trend and ratio analysis
Tax Services
- Preparation of Federal Forms 990, 990-T, 990-PF and related state filings
- Preparation of required tax filings for related commercial entities such as tax credit partnerships or wholly-owned corporate subsidiaries
- Assessment of vulnerability to unrelated business income tax and related positioning
- Advice concerning lobbying and political activities
- Assessment of activities which may impact tax-exempt status
Consulting Services
- Performance measurement and benchmarking
- Budgeting and cash forecasting
- Financial systems and procedures
- Formation of new organizations
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