Nonprofit

Help drive your mission and plan for the future with FORVIS’ nonprofit knowledge and experience.

Our professionals support nonprofit management teams, boards, and audit committees with strategies surrounding revenue sources and operational efficiency while upholding donor trust in your ability to carry out the organizational mission.

We know nonprofits come in a multitude of shapes and sizes. FORVIS can leverage experience with a wide variety of nonprofit organizations to help you stay on track and reach your goals. Some of the types of organizations that we work with are:

Membership Organizations including: Professional Associations, Chambers of Commerce, Country Clubs, Unions & Employment Organizations
Foundations: Public, Community, Private & Family
Religious Organizations & Religious Affiliates
Community & Social Service Agencies
Cultural Arts: Museums, Fine Arts Programs, Theatres
Educational Institutions: Primary/Secondary (Private, Districts, Charter), Higher Education
Social Welfare Organizations
Public Co-ops
Employee Benefit Plans

We pride ourselves on working with nonprofits and their boards to provide a greater understanding of their financial resources and the risks they face. We understand your challenges and stay current on industry and regulatory changes that affect organizations like yours. The world is fast-moving, which is why we aim to provide proactive ideas ahead of your needs and work to develop innovative approaches to address issues you face.

2023 State of the Nonprofit Sector Report

This year’s report takes a deep dive into the industry, exploring how nonprofits are meeting urgent needs while adjusting to persisting global crises.

Download Your Copy

Assurance

Our team has the knowledge and on-the-ground experience to understand your funding sources and implement effective auditing and reporting. We view our role as business advisors while maintaining independence and objectivity to be one of our most important services.

Nonprofit organizations are faced with challenges, including increased regulation, heightened media scrutiny of organizational finances, and mounting stressors due to economic conditions. At the same time, they must take steps to help ensure they maintain their tax-exempt status, develop ways to increase revenue sources, maintain the public’s trust in their ability to provide services and programs, and show that funds are being spent wisely and appropriately.

FORVIS assists nonprofit organizations with audit, accounting, and assurance needs:

Financial Statement Audits & Reviews
Uniform Guidance/Single Audit & HUD
Internal Auditing & Internal Controls
New Accounting Standard Implementation
Agreed-Upon Procedures
Employee Benefit Plan Audits
Compilations, Preparations, & Accounting Assistance

Tax

Our tax services professionals work closely with clients to provide a thorough understanding of critical issues while offering practical insights and strategies. FORVIS has a dedicated group of tax professionals focused on providing quality professional tax services at a reasonable cost while helping address highly technical tax issues that specifically impact nonprofit organizations. We help clients with tax-exempt status application and maintenance as well as preparation of exempt and corporate tax returns.

Inflation Reduction Act (IRA) Clean Energy Tax Credits

To further promote new clean energy investments, the IRA allows direct payments from the IRS to specified entities, including nonprofit organizations, of clean energy tax credits, simplifying access to key incentives that support the environment. FORVIS professionals can work with your organization to identify tax credit opportunities under the Inflation Reduction Act, quantify the potential financial impact of these tax incentives, and help your organization stay in compliance if you claim any of these credits or deductions.

FORVIS’ tax-exempt services include:

Form 990 Preparation or Review
Unrelated Business Income (UBI) Consulting
Tax Risk Assessments
IRS Examination Representation
Transfer Pricing Studies
Foreign Withholding Tax Assessment
Foreign Reporting
Calculation on Tax-Exempt Bond Issues
Private Foundation Compliance & Consulting
Community Benefit Compliance
New Business and Joint Venture Consulting
Welfare Benefit Plan Compliance & Consulting
Risk Analysis Associated with Board of Director Membership

Advisory

Our nonprofit team at FORVIS performs advisory engagements for many nonprofit entities and their affiliates. Our team is available to work with your organization through any board education or presentations at the organization’s request. We will serve in the capacity that best fits your needs.

Strategic Financial Outsourcing & Accounting Support
Financial & Operational Assessments
Budget & Cash Flow Planning
Grants Management & Compliance
Implementation of Accounting Standards
Policies, Procedures, & Processes
Job Succession Planning
Capacity Planning
Nonprofit Governance, Strategy, & Communication Services
Nonprofit Impact Studies & Organizational Assessments
Compensation Consulting Services
Cybersecurity & IT Risk
Fraud & Ethics Hotline
Technology Solutions
Environmental, Social, & Governance (ESG) Consulting

Client Experience Stories

The American Board of Trial Advocates (ABOTA) Foundation looked to FORVIS during a transitional time for the nonprofit.

The exceptional manner in which they have streamlined all of our efforts to be able to report to our leadership in a consistent manner has given us a comfort level that you just can’t get from any organization."

Brian Tyson, Executive Director – ABOTA