Introduction

Budget cuts, competitive market for grants, loss of funding sources, slow pledge collection -- What else should Not for Profits be worried about? McGee, Hearne & Paiz, LLP has been providing value to Not for Profits for many years and we understand your concerns. We strive to provide cost effective services for clients with budget concerns, and we are able to adapt to the broad array of missions and activities that each client represents. We have in-depth experience with grant compliance and audit requirements and have contacts with Federal OIGs to assist you with more complex grant administration concerns.

Which bucket does it belong in - Permanently Restricted, Temporarily Restricted, or Unrestricted? Let us provide the guidance needed to understand donor intent and donor requested changes. The following topics include some of the more advanced areas we excel in:

• Restriction classification
• Pool allocations for earnings and costs
• Donor management with pledge tracking
• Endowment tracking

Regulatory complexity has been increasing for non-profit groups that receive Federal funds, while the Internal Revenue Service has been increasing oversight. We offer specialized services that may be of interest related to:

• Maintenance and updating of depreciation schedules
• Review of cost allocation models to maximize grant funding
• Board governance training for audit committees and boards of directors
• Training and education related to requirements under Uniform Grant Guidance, Yellow Book and generally accepted accounting principles

In addition to the Firm’s core tax and assurance compliance services, we also provide the following services that may be of value to non-profit organizations:

• Application for recognition of exemption (Form 1023)
• Form 990 filing and review of unrelated business income
• Other year-end tax reporting requirements, such as those associated with Form 1099s
• Audits performed under Yellow Book and Uniform Grant Guidance
• 403b employee benefit plan audits and related third party administration services
• Program specific audits
• Internal control reviews
• Best practices for donor receipts

• Governmental Audit Quality Center (GAQC)
• Wyoming Nonprofit Network