
Not-For-Profit
As you are aware, not-for-profit organizations are being scrutinized more closely than ever before. Regulators, potential donors and members, the media, government agencies and others all want to know if your organization is fulfilling its mission and complying with applicable laws, regulations and fiduciary responsibilities. Our goal is to help our not-for-profit clients get the most benefit out of limited resources, while at the same time benefiting from changes due federal regulation. LGT has a solid reputation of providing audit and tax services to the not-for-profit organizations that live and grow in our communities; a reputation built on technical experience, education and a financial partnership that goes well beyond your typical expectations from a CPA firm.
Lane Gorman Trubitt, L.L.P. takes the not-for-profit industry seriously. Not only are the members of our group hand-selected for their expertise, but several staff members and partners serve on not-for-profit boards and associations throughout the Metroplex and beyond. LGT also has a long standing tradition of community giving, as is evidenced in the founding of the now annual Trailblazer Awards, recognizing women, men and young adults who have made a difference in the communities in which they live; sometimes overcoming tremendous obstacles. All proceeds from this event benefit another critical community not-for-profit organization called “The Family Place”. It is critical for your financial partner to not just want to earn your business, but to believe in your mission by being a living example.
From not only understanding and complying with the numerous rules affecting your organization or agency to being in touch with the complex and ever-changing accounting and reporting requirements, helping potential donors achieve the most advantageous tax positions for their gifts, LGT provides a full array of services for not-for-profit organizations such as yours, including:
- Healthcare
- Education
- Foundations
- Museums
- Organizations
Industries Served
- Financial audits
- Single audits - A133
- Agreed upon procedures
- Compilations
- Reviews
Financial Accounting & Reporting
- Tax return preparation: IRS 990 &990-T
- Unrelated business income (UBI)
planning & consulting - Application for exemption
- Representation before IRS
- Tax compliance reviews
- Planned giving
- Split-interest gifts
- Payroll and sales taxes
Taxation
- Organizational structure and governance issues
- Expense allocation by function
- Internal control systems review
- Outsourced controllership
- Budget preparation
- GAAP requirements
Financial Consulting
Contact the LGT Not-For-Profit Group today for your customized financial solution.
