Nonprofit Organization Consulting Services

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Trust SVA for All Your Compliance and Audit Needs.

Each nonprofit organization measures success differently. One thing they all have in common is the need for adequate resources for long-term sustainability. Developing an engaged board, creating effective fundraising campaigns, and ensuring compliance with routine reviews and audits are all part of running a nonprofit. Executive directors and board leadership cannot do it all alone. That's why you should turn to professionals who provide specialized knowledge to define objectives, solve problems, and help you achieve your goals.

What Should You Be Focused On?

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Managing Financial Resources

  • Create innovative programs, build stability, and allow your organization to be flexible now and in the future with sound fiscal management practices that support your mission
  • Use technology to create effective budgeting, cash flow projections, and financial reports
  • Stay up to date on the latest laws, regulations, and accounting and audit standards by utilizing professionals with nonprofit industry expertise
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Assuring Public Trust

  • Establish accountability and transparency in the use of your financial resources with appropriate internal controls and policies
  • Comply with federal and state government regulations with required independent audits and reviews conducted by an independent firm
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Preparing for the Future

  • Create a plan for board recruitment and development to bring innovative ideas and energy to your leadership team
  • Develop a short-term and long-term strategic plan to use as a roadmap for future decisions
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Specialized Industry Services

Business professionals need easy access to information to make timely decisions. SVA has what you need, when you need it. Choose a topic below or just contact us directly. Our expertise is ready anytime you need it.

Nonprofit organization leadership and boards of directors are continuously challenged to keep up with new tax laws, reporting requirements, and practice standards. Our professionals provide various administration and governance resources to help you anticipate and prepare for new developments in nonprofit management.

Learn more about our Board Building Training Series.

Nonprofits who receive financial assistance from federal, state, or local government may be subject to audit requirements. Additionally, many states have charitable registration requirements that include submission of an annual report based on the organization's revenue. In Wisconsin, if a charitable organization receives contributions in excess of $500,000 during its fiscal year, an audit by an independent certified public accountant is required. If the annual contributions are over $200,000 but less than $500,000 a financial statement review, rather than an audit, is required. SVA will help you determine your organization’s federal, state, and local audit requirements and guide you through the process.

eGuide: Nonprofit Audit Preparation Checklist

SVA can help you with your reporting requirements to maintain your tax-exempt status. Each form has specific requirements on the information needed to verify and document your organization’s tax-exempt status. Maintaining your tax-exempt status is vital and SVA will guide you through completion and submission of the correct form.

  • Form 1023 (or Form 1023-EZ) is used by an organization seeking tax-exempt status under Section 501(c)(3) of the Internal Revenue Code.
  • Form 1024 (or Form 1024-EZ) is used by an organization seeking exemption under Section 501(a) of the Internal Revenue Code.

The board of directors is responsible for hiring and establishing the compensation (salary and benefits) of the executive director/CEO by identifying reasonable compensation attractive enough to retain the best possible talent to lead the organization. Nonprofits filing IRS Form 990 must describe the process they use to approve executive compensation as part of the nonprofit's annual return responses. The process starts with the board arranging for an independent body to review comparable salary and benefits data of organizations with relative size, geography, budget, and mission focus. SVA can help with the process of determining and documenting your organization's executive compensation.

Governments at all levels – local, state, and federal – that hire nonprofits to deliver services are required to reimburse nonprofits for the reasonable indirect costs (sometimes called "overhead" or "administrative" costs) they incur on behalf of governments when federal dollars are part of the funding stream. In addition, the OMB Uniform Guidance streamlines and clarifies cost allocation and other rules related to government grants and contracts, removing some areas of confusion and inconsistency while treating more of a nonprofit's expenses as direct (reimbursable) costs. SVA will help you understand your obligations with the OMB Uniform Guidance.

Tax-exempt organizations must file some version of Form 990 with the IRS each year to meet federal regulations. Private foundations must file Form 990-PF which includes disclosures of the foundation's assets, financial activities, trustees, officers, and a complete list of grants awarded during the year. SVA will help you complete and file the required forms for your organization.  

Resources

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Nonprofit Audit Checklist

Do you know how to prepare for an audit? Start with our checklist of over 35 items that your auditor will need.

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What Are the Roles and Responsibilities of Your Board Members?

If your organizational structure includes a board of directors, you may be wondering “What are the roles and responsibilities of our board members?” Your questions are answered in this eGuide!

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Board Building

SVA offers a Six-Part Training Program that can be customized based on your organization's needs.

This Six-Part Training Program covers:

one

Basic Responsibilities

two

Legal Considerations

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Overall Financial Considerations

Four

Fundraising Responsibilities

Five

The Board's Role in Mission, Planning, and Evaluation

Six

Building and Leading the Board

These customizable training modules include training for the leadership team as well as the board members, real-life examples, sample forms and policies, and key takeaways from each session.

Awards and Affiliations

Forbes Names SVA as 2021 America's Best Accounting Firms
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Locations

Madison, WI
1221 John Q Hammons Dr, Suite 100
Madison, WI 53717
(608) 831-8181

Milwaukee, WI
18650 W. Corporate Drive, Suite 200
Brookfield, WI 53045
(262) 641-6888

Colorado Springs, CO
PO BOX 62786
Colorado Springs, CO 80962
(719) 413-5551

Contact

(888) 574-4782
info@SVAaccountants.com
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