We understand that the government and donors are pushing for better management and governance for not for profit organizations across the board. This has resulted in an increase of administrative expenses for many organizations while at the same time pressure from the oversight community to reduce administrative expenses as a percentage of total expenses and ensure proper allocation of expenses between administrative and program costs. Other issues that nonprofit organizations face include program effectiveness, benchmarking, accountability and transparency. We understand that these are very critical issues that your organization faces today.

Although, transparency is just one component with the general public, it is the very foundation for trust and proves that the only agenda at work is the accomplishment of your mission. According to a recent survey of nonprofit organizations, 89% stated that their primary means of demonstrating their accountability and transparency was through annual audited financials followed closely by the annual Form 990 and 990-PF. Therefore, we believe that our audit and tax nonprofit experience can enable you to build on the trust you already have with donors and the general public.

On a periodic basis, Tarpley & Underwood can provide you with a description of specific accounting, auditing and tax developments that affect nonprofit organizations, such as accounting for restricted gifts, beneficial trusts, revenue recognition, charitable giving legislation, fair value measurement, pension and postretirement benefits and new AICPA audit and FASB standards.

As a CPA firm catering to Not for Profit organizations, we understand the unique accounting, financial and consulting requirements facing your industry. Not only do we understand these issues, but we proactively anticipate them before they occur to ensure proper preparation and we help you react to them when they do occur.

Tarpley & Underwood is now a proud member of the Christian Management Association.

T&U Not For Profit Industry Services

• Consult and assist in the year end close out
• Preparation of Form 990
  
• Preparation of Internal financial reports
  
• Consult with Staff and Management about necessary changes to financial reporting and infrastructure
  
• Balance Sheet Audits
  
• Full Scope Audits