Non-profit organizations operate under intense donor scrutiny and oversight from regulatory and tax authorities. Non-profit organizations are confronted with the pressure to obtain financial resources and experience increased competition for grants and funding. As a result, these organizations must comply with the best practices in accounting and financial management to protect their tax-exempt status while maintaining focus on their mission. Louis Plung and Company is proud to serve many leading organizations which have a profound impact on those that they serve.
Louis Plung & Company provides a wide variety of services to our non-profit clientele including financial statement audits performed in accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards (the Yellow Book), Single Audits performed in accordance with the Uniform Guidance, tax and consulting work. We understand the need of a not-for-profit organization to be in compliance with applicable laws and regulations, to meet reporting deadlines, and to be fiscally prudent.
Louis Plung & Company has been working with not-for-profit organizations for decades. Our professional team is comprised of audit, accounting and tax professionals who have expertise in this field. Specialized training, including Yellow Book certification, and a consistent team provide valuable insight as we conduct audits and provide business counsel to our non-profit clients. Our team also attends professional conferences to further enhance its depth of knowledge and expertise.
Below is a list of some of the many services we can offer to meet the demands of non-profit clients:
- Financial statement and Yellow Book audits
- Internal accounting control evaluation
- Single Audits performed in accordance with the Uniform Guidance
- Donor Restrictions
- Budget review and analysis
- Preparation of IRS forms including the 990, 990-T
- Preparation of various state information returns
- Employee benefit plan audits
- Agreed-upon procedures engagements
- Special procedures/due diligence
- Not-for-profit consulting