Nonprofit Practice

A Passion for Adding Value

Nonprofit organizations need accountants who understand the heightened regulatory environment in which they operate, their need for transparency, their cash-flow issues, how best to manage unrelated business income taxes, and the Board’s responsibilities for governance.

For decades our Nonprofit Practice has been guiding schools, churches, cultural and community organizations, and foundations through the often complex financial and regulatory landscape. Our passion for serving mission-based organizations is an extension of 30 years of personal and firm-wide commitment to our community. We go above and beyond to add value to our nonprofit clients’ organizations through:

  • Thorough, efficient audits and financial statements delivered on schedule
  • Accurate and timely preparation of tax compliance requirements
  • Coaching for Boards and financial teams on best practices, policies and procedures
  • Practical, effective business solutions
  • Innovative approaches to address risk, resolve issues and overcome obstacles
  • QuickBooks consulting and training

Customized Services for a Perfect Fit

WBL customizes our services to achieve a perfect fit with the needs of our nonprofit clients. Below is a partial list of our areas of expertise.  If you have a need that is not mentioned below, let us know.  It’s likely we have “been there and done that.”

  • Preparation and review of financial statements
  • Audits in accordance with Government Auditing Standards and Office of Management and Budget Circular A-133
  • Preparation of Form 990 and other tax reporting and compliance requirements
  • Unrestricted, temporarily restricted and permanently restricted contributions and assets
  • Board education and development
  • Capital campaigns and other fundraising events
  • Government and private grants
  • Accounting for investments and major construction
  • Endowment spending formulas
  • Nonprofit industry accounting and fund-raising software
  • Organization-specific issues (e.g., tuition deposits and unearned tuition at private schools)