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NON-PROFIT

Excellence in Serving Non-Profit Organizations

Non-profit organizations’ missions are focused on improving the lives of those in their communities and across the globe. Dedicated to the advancement of others, non-profits often face heightened levels of scrutiny from the public regarding its effectiveness and fiscal responsibility. It is imperative for non-profit boards and management to use their financial statements as a tool to understand and inform regarding the operations of the organization.

DHG Non-Profit prides itself on working with non-profits and their boards to provide a greater understanding of their financial resources and the risks they face. We understand your challenges and stay current on industry and regulatory changes that affect organizations like yours. The world is fast-moving, which is why we aim to provide proactive ideas ahead of your needs and work to develop innovative approaches to address issues you face. At DHG, we have built a team of professionals that have the passion, drive and experience to assist our clients in serving their constituencies, members and communities.

This team helps provide guidance in the following key areas:

Insurance Differentiators

KNOWLEDGE SHARE

Alert

IRS Issues Proposed Regulations on Excise Tax for Tax-Exempt Organizations

On Friday, June 5, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury (the Treasury) released proposed regulations that would provide comprehensive guidance for Section 4960 of the Internal Revenue Code (IRC) regarding the excise tax required for excess executive compensat...

Publication

FASB Votes to Delay Effective Date of ASC 606 and ASC 842 for Private Companies and Not-For-Profit Entities

On Wednesday, May 20, the Financial Accounting Standards Board (FASB) met virtually to discuss comment letter feedback on the proposed Accounting Standards Update (ASU), Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities.

Publication

Fixed Asset Inventory Practices for Colleges and Universities

Publication

Software Implementation Considerations for GASB 87, Leases

Publication

FASB Issues Delay to Effective Dates of ASC 606 and ASC 842 for Private Companies and Not-For-Profit Entities

Publication

Grant Compliance Begins with Board Oversight

Publication

Two Important Updates for Non-profits to Consider for PPP Loans

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SERVICES

A higher standard of accountability and transparency

Our services are designed to support non-profit management teams, boards and audit committees. We can assist in strategy surrounding revenue sources and operational efficiency while upholding donor trust in your ability to carry out the organizational mission. This process includes identification and help with implementation of best practices surrounding your accounting and financial systems along with board reporting and oversight.

Guidance in acquiring and divesting assets

DHG’s 80-plus years of experience in working with real estate transaction structuring offers value to non-profit groups. Recognizing that many organizations, trade associations, healthcare systems, retirement communities and shelters are owners of real estate, we can help you minimize risk in the acquisition and divestiture of property, resolve complex tax issues and structure debt to reduce costs and improve cash flow. The ability to integrate professional specialists from other DHG practices adds substantial value to our advisory services.

Assurance

Our team has the knowledge and on-the-ground experience to understand your funding sources and develop effective auditing and reporting models. We view our role as business advisors while maintaining independence and objectivity to be one of our most important services. Non-profit organizations are faced with challenges, including increased regulation, heightened media scrutiny of organizational finances and mounting stressors due to economic conditions. At the same time, they must take steps to ensure they maintain their tax-exempt status, develop ways to increase revenue sources, maintain the public’s trust in their ability to provide services and programs and show that funds are being spent wisely and appropriately.

Tax

Our tax services professionals will work closely with clients to provide a thorough understanding of critical issues while offering practical insights and strategies. DHG has a dedicated group of tax professionals in our Non-Profit Services Group focused on providing the highest quality professional tax services at a reasonable cost while resolving highly technical tax issues that specifically impact non-profit organizations. We help clients specifically with tax-exempt status application and maintenance as well as preparation of exempt and corporate tax returns.

Advisory

While a typical non-profit tax engagement involves the complete preparation and review of the Form 990, our DHG non-profit team also performs tax advisory engagements for many non-profit entities and their affiliates. Our team is available to work with your organization through most tax matters and as well as any board education or presentations at the organization’s request. We will serve in the capacity that best fits your needs. Our tax advisory services include: