Non-Profit Organizations

RPB is one of the premier support providers for non-profit organizations. We provide financial reporting and advice for over 500 non-profit organizations of all different sizes and missions. As your auditor or advisor, we will help you address governmental issues, assess your operating environment, interpret new regulations, and address compliance.

Compliance is only one objective. The reason to engage our firm is our value-added ability to develop a financial reporting model that accurately tells your story. Every non-profit is competing for funding resources. As your auditor, we will help develop financial reporting to best reflect the success of your mission.

Prospective donors will want to invest in successful entities. One critical element reviewed when seeking grants or donations is the financial stability of the entity. Will the entity be in business next year? Donors do not want to support organizations that may not stand the test of time regardless of the cause. A second and vital factor is accounting for how funds were managed. Donors want to know how much of every dollar actually gets spent on the mission being supported.

Our services include:

• Financial Statement Preparation
• Tax Return Preparation (990, 990T, 4T, etc.)
• Preparation of Registration Statements (RL308, 1952, etc.)
• Proxy Tax Matters
• Exempt Status Applications
• Operational Consulting
• Cash Flow Planning
• Financial Statement Audits
• Single Audits
• Compliance Audits
• Forensic-audits to uncover fraud schemes

Exempt Organization Tax Services

The terms exempt organization or non-profit may lead some to believe these entities avoid the world of taxation completely. However, this couldn’t be further from the truth. Perhaps surprisingly, non-profits and other exempt organizations often have more tax filing obligations than some for-profit businesses. For instance, failure of for-profit organizations to file business or individual income tax returns comes with monetary penalties. But the failure of exempt organizations to file the required tax returns may mean the potential loss of its tax-exempt status, which could result in dire consequence.

From non-deductibility of contributions from donors, to massive tax obligations for the organization, the loss of tax exempt status is massive. The exempt organization filing process includes not only a monetary report, but also a report on the operations of the organization. Improper completion can also have negative consequences when viewed by potential donors.

The RPB Difference

Reilly, Penner, & Benton is pleased to have the privilege to work with numerous exempt organizations. Our tax department has extensive training in the completion of the Federal and State exempt forms along with the taxable returns that sometimes are required to be filed by these organizations. From donor organizations to schools, churches and union funds to private foundations; we can help your tax exempt organization jump through all the required hoops and retain its exempt status.