Nonprofit

The Nonprofit Industry Group of LaPorte, a Mauldin & Jenkins Company, comprises over 40 professionals serving nonprofit clients in a variety of organizations. In addition to LaPorte’s traditional audit and tax services, this multi-disciplinary group offers significant management consulting services relevant to our nonprofit clients.

While many firms have industry concentrations, LaPorte’s nonprofit group meets regularly to cross-train, identify best practices, review industry trends, and work together to reach collective solutions for over 300 nonprofit clients.

We are proud that 13 members of the Nonprofit Industry Group have successfully completed the AICPA Not-for-Profit Certificate I Program and four members have successfully completed the AICPA Not-for-Profit Certificate II Program. We also have three members who have earned the BoardSource Certificate of Nonprofit Board Consulting.

Commitment to the Nonprofit Industry
Members of our industry group attend the annual AICPA National Not-for-Profit Industry Conference and are involved in planning the Louisiana Society of CPAs Nonprofit Conference, for which our members have presented and attended.

In addition, we reach beyond out client base to support the nonprofit industry more broadly through events such as the firm’s nonprofit educational seminar series, which is in its ninth year. Over the last year we’ve provided numerous blogs and webcasts on topics including utilizing data, diversifying revenue streams, single audits, and accounting and audit updates. Previous seminar topics have addressed building a better board, fundraising, board governance, cybersecurity, anti-fraud internal controls, ethics and the 990, and new accounting standards to name a few.

We also offer peer benchmarking reports to clients. Above all, we take great pride in the active volunteerism of our employees in Louisiana and Texas.

Nonprofit Client Base
The LaPorte Nonprofit Industry Group serves a variety of clients, including:

• Private and operating foundations
• Public charities
• Social and country clubs
• Trade associations

Services to the Nonprofit Industry
Below are services that LaPorte professionals can provide to nonprofit clients.

Organization Formation and Structure

• Helping form nonprofit organizations
• Assisting nonprofits apply for tax-exempt status

Governance

• Evaluating executive and board compensation
• Providing training to boards on a variety of topics

Financial Oversight – Consulting Services

• Assessing accounting systems, information systems, and recordkeeping requirements
• Assessing controls and fraud prevention
• Assessing nonprofit financials and evaluating performance
• Doing performance and operational reviews
• Helping develop strategic and business plans
• Reviewing compliance and disclosure requirements

Financial Oversight – Accounting and Audit Services

• Assisting with grants management
• Auditing federal awards programs (compliance with the Uniform Guidance)
• Auditing financial statements
• Performing compilations and reviews
• Providing financial reporting
• Assisting with new accounting pronouncement implementation
• Performance of Louisiana Legislative Auditor Statewide Agreed-Upon Procedures

Tax Compliance and Consulting Services

• Assisting with tax planning regarding new activities
• Assisting with tax planning regarding unrelated business income
• Preparing applications for tax-exempt status (Form 1023 or 1024)
• Preparing annual nonprofit tax return filings (Form 990)
• Preparing annual unrelated business income tax return filings (Form 990T)
• Providing representation for IRS audits and correspondence

Fundraising

• Assisting with charitable gift planning
• Presenting to the board on its role in fundraising
• Presenting to donors on charitable giving arrangements

For information about the Mauldin & Jenkins Nonprofit Industry Group, visit https://www.mjcpa.com/industries/nonprofits.