Nonprofit Services

Audit and Accounting Services | Tax Services | Consulting Services

Although Hoffman, Stewart & Schmidt, P. C. provides services to a wide variety of industries, it is well known for its long-time specialization in the nonprofit field. Today, the firm provides audit, accounting, tax and consulting services for over 150 nonprofit organizations, ranging in size from large, well-established entities with a national scope to mid-size, community-based organizations and smaller public charities and start-up organizations.

Due to the size and scope of our nonprofit client base, everyone in our firm works with a nonprofit organization in some capacity. As such, all professionals in our firm are familiar with the unique accounting, tax, and operating characteristics that are applicable to these organizations. Our nonprofit clients have available the full resources of our firm and its professionals.

Audit and Accounting Services

  • The financial statement audit, including significant areas of audit emphasis
  • Audit requirements under OMB Circular A-133
  • ERISA audits
  • Cost accounting, including allocation procedures and practices
  • Trend and ratio analysis

Tax Services

  • Preparation of Forms 990, 990-T, 990-PF, CT-12, and other tax compliance services
  • Assessment of vulnerability to unrelated business income tax and related positioning
  • Advice concerning lobbying, political activities, commercial ventures, complex operating structures, and other areas
  • Implications of intermediate sanctions legislation

Consulting Services

  • Financial systems and procedures
  • Performance measurement
  • Benchmarking
  • Budgeting
  • Cash forecasting and needs analysis
  • Trust administration
  • Federal grant and contract compliance
  • Formation of new organizations
  • Bookkeeping and related services

 

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