Not-for-Profit

As a not-for-profit organization, you face unique challenges that make you unlike other industries. And those challenges are becoming more and more complex with tax, regulatory and legal changes, not to mention ever-tightening resources and increased public scrutiny. The business world is transforming, and it’s affecting not-for-profit organizations.

What if you had a trusted ally to help your organization through operational and regulatory challenges? What if you had a guide to identify your unique issues and help your organization achieve its not-for-profit mission? You do. We’re MSL, and we’re so much more than an accounting firm.

We are committed to serving not-for-profit organizations and are grateful for the valuable role you serve in the community. Our team is well acquainted with exempt organizations of all sizes, and how to help meet the special demands placed on them. We go beyond traditional accounting services to bring your not-for-profit organization the consulting and information it needs to protect itself now, and in the future.

Grant Experience

During the past several years, federal and state grantee compliance requirements have become increasingly complex. The steps associated with soliciting, securing and monitoring these funds have also become more complicated. Our audit team is prepared to meet the challenges presented by federal financial assistance programs. We have performed financial and compliance audits on:

• U.S. Departments of: Agriculture, Commerce, Health and Human Service, Housing and Urban Development, Justice, Labor, Transportation

• Federal Emergency Management Agency

• Federal Communications Commission

• Environmental Protection Agency

• Numerous Departments within the State of Florida

Clients Served

Over 220 Not-For-Profit Entities Including:

• Philanthropic Organizations

• Health Care Organizations

• Membership Organizations

• Foundations

• Charter Schools

Services Provided

• Annual financial and compliance audits, including Single Audits of federal and state assistance awards under OMB Circular No. A-133 and Chapters 10.550/10.600 Rules of the Florida Auditor General

• Issuance of certifications and special reports to document compliance with special provisions and/or covenants of outstanding debt issues

• Issuance of special reports to confirm the accuracy of amounts placed in escrow for advance refunding

• Calculation of estimated and actual federal arbitrage rebates

• Studying and evaluating the effectiveness of internal control structures

• Preparing procedural manuals

• Identifying federal and state financial assistance program compliance requirements and establishing control procedures

Here’s How We Can Help your Not-For-Profit Organization:

• Corporate organizational, operational and compliance consulting

• Development of indirect cost allocations

• Bylaws/articles of incorporation review

• Efficiency reviews and operational audits

• Assisting with donor and estate planning issues

• Pension plan development, compliance and related reporting requirements with the IRS, Department of Labor and ERISA

• Compliance audits (GAGAS, State Single Audit Acts, OMB Circular A-133 and HUD reporting requirements)

• Unrelated business income tax issues

• Preparation of federal/state information returns including form 990 and 990T

For more information on MSL's services, call us at 1.800.683.5401 or contact us.