Not-for-Profit Organizations

The nonprofit industry spans the gamut from community-based organizations to world-class healthcare, cultural, and educational institutions. Yet they all share many of the same challenges from a tax and accounting perspective: complying with complex financial requirements, maintaining transparency, and looking for ways to do more with less.

At DGC, our specialized nonprofit team provides a perspective few accounting firms can match. That expertise is strengthened by a curiosity that’s always searching for new and smarter solutions. Working shoulder-to-shoulder with our clients in the not-for-profit sector, we help these organizations find ways to fulfill their missions while maintaining the public’s trust.

Our services:

  • Audits and reviews of financial statements
  • Preparation of annual federal and state information returns
  • Compliance with Attorneys General requirements for nonprofit organizations in various states
  • Tax planning services associated with unrelated business income and public support percentage issues
  • Identifying and consulting on excess benefit transactions and related intermediate sanctions
  • Assistance with debt financing matters, including banks and tax exempt bond issuances
  • Support in the presentation of functional allocation of expenses
  • Assistance with obtaining tax exempt status – Forms 1023 and 1024
  • Internal control review and evaluation services
  • Cash flow forecasting and budget preparation
  • Lease vs. buy decisions
  • Risk assessment analysis
  • 403(b) plan audits
  • Cybersecurity assessments, penetration testing, and compliance