Other Not-for-Profit Organizations

Foundations

Though every foundation has its own identity, philosophy and purpose, they all face common economic challenges. Regardless of whether they are established and managed by a single family or by a large company, are supporting the arts, community involvement or international issues, each must commit to reliable and successful patronage.

At Brown Edwards, our tax, audit and advisory professionals have the knowledge and experience to offer solutions to improve the organization's effectiveness, help expand their endowments and distribute funds according to the foundation's mission statement. We offer guidance in financial, operation and fiduciary matters, including:

• Audit and Tax Services - Ensure compliance with accounting, financial reporting and tax reporting standards, responding to any investigations relating to "community foundations," and addressing other tax-exempt status matters
• Advisory Services - Providing advice on best practices, accountability and ethics, working with the leadership of the foundation as well as other key donors to develop and implement effective management, advise on operational and stewardship policies and procedures, and review information technology tools
• Financial Planning and Analysis - Consider the foundation's current and projected budgets and financial goals, and offer guidance on upcoming legislative issues

Religious Organizations

As the IRS increasingly examines not-for-profit organizations, religious organizations must strive to preserve their reputations, and avoid conflicts of interest. Brown Edwards' professionals work closely with the administrators and leaders to keep the organization on mission, providing financial, operational and fiduciary advice in areas, including:

• Audit and Tax Services - Assisting religious organizations to ensure compliance with accounting, financial reporting and tax regulations; respond to potential restrictions
• Business Advisory Services - Provide assessments - structural and technological - including analyses of roles, responsibilities and relationships within the organization
• Financial Planning and Analysis - Evaluate current and projected budget processes and financial strategies, examine revenues and costs associated with charitable and investment activities

 

Cultural Organizations

Cultural organizations have dual objectives - first, focusing on preserving the organizations uniqueness and second, ensuring compliance with the laws that regulate their tax-exempt status. The professional staff at Brown Edwards works with organizations to develop financial planning and operational effectiveness. Providing financial, operational and fiduciary advice in areas, including:

• Audit and Tax Services - Providing guidance on compliance, help in preparation of financial statements to members and boards, assistance in corporate structuring and reorganization
• Advisory Services - Assist leaders in identification, development, and implementation of proposals considered to attain strategic objectives, guidance in successful management and transitions, review and advise on information technology use
• Financial Planning and Analysis - Working with management to attain fiscal objectives, and developing control procedures to respond to rising issues.

Trade and Professional Associations

Many large professional, membership, industry, and trade organizations are diverse organizations that require the same level of efficiency as major corporations. Brown Edwards understands the financial needs for these associations and offers a wide range of services, including:

• Audit and Tax Services - Ensuring compliance with nonprofit accounting standards, financial reporting practices and tax reporting regulations
• Financial Planning and Analysis - Budget-process assessments, financial modeling of current and proposed strategies
• Strategic Planning - Examination of current and future market environments, development and execution of organization initiatives and long-term strategies.

Social Service Organizations

Social service organizations are facing financial and operational challenges as donor activity dwindles, public funding decreases and a demand for services increases. Brown Edwards has a professional staff that can work with organizations to assist in the success of their goals while maintaining their tax-exempt status.

Brown Edwards offers a wide range of financial, operations and fiduciary services, including:

• Audit and Tax Services - Making sure the organizations are compliant with applicable accounting standards, maintaining all financial and tax reporting is accurate, responding to potential sanctions and investigations
• Advisory Services - Providing inclusive integrated organizational and technological evaluations to improve efficiency of service
• Financial Planning and Analysis - Weigh current and projected budgets and financial strategies, including cost analyses and activity bases costing connecting donor activity to provided services
• Strategic Planning - Develop workable strategies to establish the organization's position within the service community through facilitated planning sessions and supply ongoing support during execution.