(541) 388-7888 | cpa@sgabend.com

Not-for-Profits

Accounting Services Customized for Not-for-Profit Businesses

Managing a non-profit organization requires a deep understanding of the complexities of operating in the public sector. Our Not-for-Profit group understands your challenges. Our professionals will get to know your organization from the inside out—establishing relationships with key members of your team, and work with you to develop customized strategies to meet your particular accounting and auditing needs. Our services to non-profit organizations include:

  • Audits
  • Agreed upon procedures
  • Tax services
  • Fraud analysis

Audits

We perform audits to meet a variety of reporting standards:

  • Generally Accepted Audit Standards (GAAS) – basic financial statement audit according to AICPA standards
  • Governmental Audit Standards (GAS) – GAS audit plus reports on internal controls and compliance with laws and regulations
  • Single Audits, OMB A-133 – GAS audit plus reports on internal controls over compliance and compliance with general and specific requirements.
  • Other state and local audit requirements as necessary

Agreed-Upon Procedures

You may have assurance needs that don't require an audit or review of financial statements, but do require specific procedures to be applied to your financial reporting processes and controls. We can provide agreed-upon procedures when you are preparing to sell your business, purchasing a business or need special reporting for other reasons.


Tax Services

With nonprofit tax returns visible on internet sites such as GuideStar, professional and accurate tax preparation is important. Our tax preparation services include:

  • Federal Form 990, 990EZ, 990PF, and 990T
  • Exempt applications as needed

Fraud Services

“Small organizations are disproportionately victimized by occupational fraud. These organizations are typically lacking in anti-fraud controls compared to their larger counterparts, which makes them particularly vulnerable to fraud.” (“2010 Report to the Nations on Occupational Fraud and Abuse,” Association of Certified Fraud Examiners)

Your organization is at serious risk for fraud if any of the following statements apply:

  • My organization’s bookkeeper takes in receipts, enters them into the accounting system and deposits the money into the bank account.

  • My organization’s bookkeeper cuts the checks, mails the checks, enters the checks into the accounting system and reconciles the bank account with no higher level detailed review of the bank statements or canceled checks.
  • My organization’s bookkeeper has access to our online bank account.

  • My organization’s bookkeeper has the ability to transfer money between accounts, prepare direct deposit for payroll, or pay bills with online bill pay or ACH. 

  • I have seen red flags of fraud in my organization’s bookkeeper or manager including living beyond his/her means and/or apparent financial difficulties.

  • My organization has fewer than 100 employees putting it at greatest risk of fraud. The median loss for organizations of this size is $155,000.


We can help - businesses come to SGA because something just didn’t feel right, or an employee provided a tip that $500 or so may have been stolen. In most cases, the actual dollar amount of the theft was $100,000 - $200,000. Most of these fraudsters were employed by the organization for over 5 years and highly trusted with no prior criminal conviction.

Fraud Investigation Services

Our professionals are trained to focus in on your organization’s weakest areas and to seek out fraud by analyzing records and trends. We quantify the damages, prepare written reports for management and law enforcement, work closely with management and law enforcement throughout the investigation, and provide litigation support and expert witness testimony.

Internal Control Evaluations

We are also trained to review your organization’s accounting processes and to provide a written report with recommendations for improvements giving your organization a competitive edge to protect your assets in this vulnerable economy.

Employee tips account for 40% of thefts detected, which is 25% higher than the next closest method of detection. Providing your employees with a phone number to call if theft is suspected will be your first step to protecting your organization.


In three easy steps, our team can help you
find your path to a sustainable, profitable business
and more individual freedom.

 

Check out the latest issue
of our client magazine

 

VFO Virtual Finance Officer

Put your focus back on your business by handing your accounting work over to our firm. When you outsource your accounting function to us, you get a team of professionals working for you. We handle your complex tax and accounting work while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.

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