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Nonprofit

Our mantra at SBC within the nonprofit world is to help our clients “manage or run their business”. Because the key to success is to balance the mission with the ability to build, grow and sustain financial performance. Our role with clients goes beyond the numbers – to helping the board enhance its governance practices and the management team manage, report and analyze the right information to make the best business decisions.

How We Serve Nonprofits

SBC’s partners have worked with hundreds of nonprofits ranging from start-ups to over $200 million in revenues providing Audit, Tax Compliance and Risk Management services for over 25 years. We work across charitable, trade and membership, religious, research and educational organizations, as well as, foundations. Our partners are involved with various Nonprofit Industry organizations (FASB, AICPA, MANO, NGMA) as leaders and members helping to establish standards and bring valuable information to our clients to make timely and informative accounting and business decisions. Our services specifically for nonprofit organizations include:

  • Tax and accounting services
  • Complex financial reporting and compliance requirements
  • Governance issues
  • Fiduciary responsibilities of nonprofit boards
  • IRS regulations
  • Interpreting and implementing the requirements of the Form 990
  • Understanding Uniform Prudent Management of Institutional Funds Act (UPMIFA)
  • NH regulations on Endowment Funds
  • Assessment of internal controls and fraud prevention measures
  • Understanding unrelated business taxable income
  • Grant compliance
  • OMB Circular A-133 compliance