Commitment + Passion for
Our nonprofit team brings experience and technical acumen, and even more important, our nonprofit team has a genuine passion and commitment to the community of associations, foundations, and other nonprofits we serve.
You will find members of our nonprofit team at ASAE, Association Forum, and FAR events as well as at nonprofit conferences conducted by the AICPA, GWSCPA, IL CPA Society, and NCACPA. Our nonprofit team members serve on various boards, committees, groups, and task forces for these and other nonprofit industry organizations.
We’re very involved, and we want to be. We care deeply about having a seat at the table of the most influential and important industry groups because we’ve invested in the nonprofit community, its opportunities, its challenges, and its triumphs.
It is imperative to us that we share our knowledge gained through our industry involvement and through serving hundreds of nonprofit clients with both our clients and our employees who are nonprofit focused. As such, our external webinar series and our internal education program enable us to exceed our clients’ expectations with both efficient engagements and exceptional client service.
Our firm is also committed to many of the same ideals and values that the nonprofit community values: a strong culture for our employees and our clients as well as an investment in our communities and in diversity, equity, and inclusion initiatives.
Services for Nonprofit Organizations
We add value to our clients through efficient engagements, knowledge sharing, best practice advising, and tailored synergistic and communicative approaches.
We believe an audit is about more than ensuring compliance with board requirements. An audit is an opportunity to improve processes and optimize your financial operations. Johnson Lambert believes in partnering with you to help move your organization forward and to achieve your mission.
For these reasons, we work with each individual client to customize our approach based on the unique operations and risk profile of the organization. We take a solution-focused approach in completing our audit both thoroughly and efficiently. We value the ongoing partnership with management and board, which is why we share best practices for continual improvements.
Nonprofits have unique challenges, and we are passionate about solving them with you. We will ensure that you have the best information available to make critical financial decisions for your organization, and we will navigate new standards and reporting guideline changes with you.Our Audit Services
The Johnson Lambert nonprofit tax compliance and consulting team works with nonprofits day in and day out; they are a team dedicated to serving nonprofit tax compliance needs. You can be confident that no matter how routine or complicated your need or question, the nonprofit tax team will get you an answer in a timely manner. Our audit and tax teams work closely together to ensure seamless interaction with our clients and efficient service delivery.
Some of the services our nonprofit tax team provides to our clients include tax return preparation; identifying and structuring UBIT exposure transactions; addressing, assessing, and restructuring transactions jeopardizing tax-exempt status; evaluating sponsorship agreements; compensation and related reporting issues; analysis of the taxability, reporting, and disclosure of alternative investments; entity formation and related issues; and more.Our Tax Services
Single Audit Services
We have substantial experience in performing audits in accordance with Government Auditing Standards and Single Audit [Uniform Guidance (2 CFR 200)].
Federal awards that we routinely audit come from the Corporation for National and Community Service, Department of Health and Human Services, Department of Commerce, Department of Defense, Department of Education, Department of Energy, Department of Labor, Department of Justice, Department of the Interior, Department of Transportation, Environmental Protection Agency, National Science Foundation, National Telecommunication and Information Administration, U.S. Department of Agriculture, U.S. Agency for International Development, and more.
We also provide a variety of services surrounding the compliance, administration, and reporting issues with federal grants and awards beyond the compliance audit requirement, including: interpretation, application, and implementation of cost and administrative circulars; internal controls surrounding grant administration and compliance; and teaching continuing professional education courses in administration and compliance.Single Audit Services
Advisory and Consulting Services
We offer a broad range of risk advisory and assurance services as well as technology and systems advisory services. Some of our service offerings are internal audit solutions, process documentation, System and Organization Control (SOC) reports, ERM services, cybersecurity assessments, system implementation reviews, and more.Our Advisory Services
Know What’s Happening
The Internal Revenue Service (“IRS”) issued Rev. Proc. 2021-54 on December 13, 2021, which contains the new discount factors for the 2021 tax year. These factors were determined using the applicable interest rate for 2021 under code section 846(c) of 2.84%, compounded semiannually. Linked below is a table that summarizes […]
Expertise and Involvement
Nonprofit-Focused AICPA Involvement
We have current representation on the AICPA’s Not-for-Profit Advisory Council, as well as previous representation on the AICPA’s Not-for-Profit Organizations Expert Panel and Not-for-Profit Guide Overall Task Force. Our professionals are also members of the AICPA Technical Standards Subcommittee and the AICPA Nonprofit Industry Conference Planning Committee.
Key Industry Group Immersion
Johnson Lambert professionals are board members, volunteers, speakers, and conference attendees for major industry groups, including ASAE, Association Forum, the Greater Washington Society of CPAs, and more. The firm proudly sponsors these organizations and their events as well.
Additionally, we are an independent member of DFK International/USA, a global association of independent accounting and management consulting firms. Our membership enhances our worldwide reach, provides us with additional resources, and expands the world of opportunity for our clients.
Types of Nonprofits Served
We serve hundreds of nonprofit entities of various sizes, complexities of operations, and organizational types, including: trade associations, community development financial institutions (CDFIs), political action committees (PACs), membership organizations, professional societies, private foundations, public charities, religious-affiliated organizations, cultural & arts organizations, community development groups, social service organizations, and more.
December 7, 2021 | 2:00 pm - 3:15 pm ET