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Non-Profit

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Since our founding in 1921, Tait Weller has had the privilege of serving as auditors and business advisers to hundreds of local and global not-for-profit organizations. Today, non-profits are expected to run and behave like a business, with the same transparency and effective communication of their financial condition and performance as their for-profit counterparts.

Many of our non-profit clients are actively focused on their mission and may not have the requisite internal operational resources to ensure regulatory compliance and contributor scrutiny, or to respond to economic pressures. In addition to performing annual audits, Tait Weller has provided the independent, outside consultative expertise and support to guide governing boards and to enable organizations to reach their ultimate goals and programmatic success.

  • Our Audit and Assurance department serves a substantial number of non-profit organizations, including many organizations which receive federal, state and city funding. As a result, we are very familiar with the current operational, accounting, tax and reporting issues as well as the complex financial, regulatory and compliance requirements.
  • Our tax department provides our clients with assistance to operate under today’s frequently changing and increasingly complex tax laws and regulations, and prepares and ensures compliance with all federal, state and local tax requirements. We provide your organization with a full range of services to address such issues as unrelated business income on alternative investments and other vehicles, taxable and nontaxable compensation and fringe benefits, taxable arbitrage on tax-exempt financing, deferred giving programs and joint ventures with for-profit entities.
  • Our Consulting Practice offers accounting and management advising focused on strategic planning, risk assessments, cost and control analysis, and compliance, as well as technology advising to assess and optimize your data processing infrastructure and implement specific technology solutions.

Each of our offices has engagement partners who are non-profit experts and have many years of experience and intimate working knowledge of the complex financial, regulatory and compliance reporting requirements, including:

  • AICPA Audit and Accounting Guide, "Not-for-Profit Entities", which covers such topics as contributions, financial statements, investments, split-interest agreements, asset transfers, and other pronouncements impacting non-profit organizations
  • GAO Government Auditing Standards
  • OMB circulars, including A-133 Compliance Supplement
  • Compliance audits and attestation engagements.

In addition, we have assisted our non-profit clients in the preparation of financial information for public debt offerings, including construction financing for nursing homes, college and independent school facilities, and office buildings, and circulars for mission investment certificates for religious and other organizations. 

Organizations that we service include:

Membership Organizations
Colleges and Universities
Independent Schools
International Relief and Development Organizations
Religious Entities
Foundations
Social Mission Organizations
Museums and Other Cultural Institutions
Providers of Healthcare Services
Refugee Assistance Organizations
Mental Health/Mental Retardation Assistance Organizations
Labor Unions.

These organizations operate globally, nationally and/or locally.

View or print our Non-Profit brochure

© 2016 Tait Weller, All Rights Reserved    Philadelphia, PA   215.979.8800    New York, NY   212.907.6496    Iselin, NJ   732.634.7940

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