Not For Profit

Operating a successful nonprofit takes work, and usually, it’s a few dedicated individuals wearing a lot of different hats. That doesn’t often leave room for strategic planning or a high-level perspective of how to improve organizational processes and procedures. Windham Brannon works with nonprofit leaders and Boards to provide advisory services that include budget analysis, expense allocation calculations, client accounting services, internal control assessment, and grant application consulting.

Perhaps your organization’s corporate donors are requesting financial assurance before committing to a major campaign, or a lender is requiring additional assurance of materiality before extending the line of credit. When properly understood and managed, financial statements allow users to see where the money is being used, how efficiently, and how different aspects of the organization are working together – or not. Whether your nonprofit requires a full scope audit or simply organized financials compliant with GAAP standards, Windham Brannon’s assurance services for nonprofits ensure that financial statements are up to industry standards. We also provide audits of 403(b) and other nonprofit retirement plans.

The members of your Board of Directors serve important roles as financial stewards, representatives, and strategic advisors. They also have a legal duty to help guide your organization, but many Board members are unaware of how to do this, or what’s involved. Windham Brannon works with Boards of Directors and nonprofit management on a range of governance issues, like setting appropriate policies, providing financial training, and other issues that affect how the organization operates.

Timely filing the Form 990 is the simplest part of nonprofit tax compliance. When more fundraising activities are taking place online, and larger organizations are entering into joint ventures, the tax implications are meaningful not just for management and Board members, but also donors and beneficiaries. Windham Brannon can advise on a range of specialty consulting issues, like choosing the right tax structure for your charitable organization and related entities, obtaining or restoring tax-exempt status, drafting gift acceptance policies, state and local tax planning, risk assurance and advisory services, strategic growth services, and representation before the IRS and other taxing bodies.

Nonprofits need to carefully evaluate every aspect of cash flow to keep the organization running smoothly. When your organization operates on donations, grants, and other funds, every dollar matters. And not every dollar is equal: some donations can be taxable or tax-exempt, some revenue streams are also taxable even in an exempt organization, and all expenses must be allocated properly. Windham Brannon’s comprehensive tax planning services for nonprofits spans the range of basic compliance – like annual tax return preparation and Form 990 filing – to strategic consulting, such as unrelated business income tax planning (UBIT).