Argy, Wiltse & Robinson, P.C.

Focus on Non-Profit Organizations

Nonprofit organizations operate in a unique business environment. Increased scrutiny from the IRS, Treasury, Congress, the media and the general public places an increased burden on your efforts to focus on your mission. Transparency, efficiency and a thorough understanding of the rules and regulations are critical to the tax-exempt status of your organization.

At Argy, we understand your need for a trusted and knowledgeable advisor, one who can guide you through the ever-changing maze of legislation and regulation. We currently provide audit and tax services to over 150 nonprofit clients.

In addition, our professionals have assisted nonprofit clients with the following:

• Application for Recognition of Exemption
• Implementation of SOP 98-2 relating nonprofit organizations’ reporting of fundraising expenses.
• Analysis of fund-raising campaigns structure and accounting for donor restrictions.
• Interpretation and implementation of OMB Circular A-122 which relates to cost principles for nonprofit organizations receiving federal awards.
• Consultation regarding best practices for internal control over financial reporting.
• Consultation regarding structure and responsibilities of nonprofit governing boards.
• Due diligence for acquisition of other nonprofit organizations.
• Assistance with the establishment and use of for-profit subsidiaries and affiliates.
• Submission of IRS private letter rulings.
• Tax planning strategies for minimizing exposure to unrelated business income.
• Submission of Federal grant requests.
• Understanding minimum distribution requirements and exercising expenditure responsibility.
• Meeting tests for operating foundation status.
• Understanding and avoiding acts of self-dealing.
• Termination of private foundation status.

We have numerous professionals with extensive and diverse knowledge and understanding of the accounting principles and tax issues of nonprofit and exempt organizations. Our team includes individuals with more than 20 years of experience assisting a wide variety of charitable and other tax-exempt organizations.