Not-For-Profit Organizations

Forging New Paths

The McGladrey Not-for-Profit team consists of professionals who meet the assurance, tax and consulting needs of organizations in areas such as: Federal Award Compliance, international, human resources, technology and more. Our objective is to maintain the most current information available related to developments for not-for-profit organizations so your organization can focus on success and not regulations.

Our not-for-profit clients include:

IRS releases Colleges and Universities Compliance Project final report
The IRS launched the Colleges and Universities Compliance Project in 2008 with the distribution of detailed questionnaires to 400 randomly selected colleges and universities and subsequently selected certain questionnaire respondents for examination. Issued after more than 90 percent of these examinations were complete, the final project report provides additional analysis of the questionnaire responses and focuses on the examination results. (5/6/2013)

Proposed OMB Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards issued for comment
These proposed reforms to various key grant policies are being proposed by OMB and federal agencies in an effort to increase the efficiency and effectiveness of federal programs, as well as eliminate unnecessary and duplicative requirements and focus in on areas that emphasize achieving better outcomes at lower costs.

Public charities receive a break under the new tax law
Public charities could see an influx of contributions for the month of January if their respective donor bases are aware of the changes enacted as part of the American Taxpayer Relief Act of 2012.

Election year dos and don’ts: A closer look at election activity processes within tax-exempt organizations
The general election is fast approaching. The current contests are considered close by many commentators, which has caused some tax-exempt organizations to ramp up their activities as the election date looms on the horizon.

IRS notice addresses deductibility of contributions to disregarded entities
For years, certain taxpayers have taken the position that contributions to an entity owned by a charitable organization and disregarded for tax purposes qualified for tax deductible treatment.

Working draft of proposed guide for not-for-profit entities released
The AICPA’s Financial Reporting Executive Committee has issued a working draft of the accounting content for a proposed Audit and Accounting Guide, Not-for-Profit Entities. The proposed guide addresses many new accounting issues that have emerged over the years and includes guidance dedicated specifically to not-for-profit entities.

Not-for-Profit Technology Trends
New communication platforms are emerging that make it easier than ever for not-for-profit (NFP) organizations to engage with donors, clients and employees.

Enterprise resource planning for not-for-profits
Today’s technologies offer not-for-profits a much wider array of accounting software choices than previously available. But which package is best for your organization?

How to determine if a not-for-profit organization needs specialized accounting software
A lack of communication between departments can make it nearly impossible for management to extract the information it needs to make critical decisions.

Audit committee guide for not-for-profit organizations
Audit committee roles and responsibilities are under increased scrutiny following financial and compliance reporting incidents in recent years. Integrity, accuracy and transparency are imperative to ensure an effective process.

There's a new sheriff in town: UPMIFA drives accounting and reporting changes for endowments
UPMIFA has been adopted by the majority of states, and it is imperative for institutions that invest and manage institutional funds to understand the new rules.