714-505-9000 cpas@hmwccpa.com

Not-For-Profit

Expertise in Serving the Not-For-Profit Industry

HMWC CPAs & Business Advisors offers expertise in serving not-for-profit 501(c)(3) organizations such as:

  • Churches
  • Ministries
  • Mission organizations
  • Relief organizations
  • Youth service organizations
  • Private schools
  • Political organizations
  • Private foundations
  • Charitable trusts
  • Trade and professional associations
  • Arts and museums
  • Rehabilitation
  • Radio and television broadcasting
  • Nature preservations

Services

Audit, Reviews and Compilations

HMWC CPAs & Business Advisors’ knowledge and understanding of the nature of not-for-profit organizations ensures that we provide the most pertinent and efficient audit process. We also provide other financial information requested by management, all in an accurate and understandable form, such as:

  • A-133 / Yellowbook Audits
  • Analysis of internal controls and risk assessment
  • Due diligence reviews
  • Management letters
  • Interim financial information
  • Budget preparation and assistance
  • Reports incorporating key performance indicators, analysis and recommendations

Reviews and compilations also available.

Accounting and Bookkeeping

The goal of our team of experienced and qualified bookkeepers is to provide clients with accurate and prompt advice and extra assistance as required. These services include:

  • Payroll/labor records
  • Bank reconciliations
  • Reconciliation of petty cash
  • Accounts payable and accounts receivable
  • Payroll processing and reporting
  • Monthly financial statements and general ledger
  • Temporary finance and accounting staff

Tax Compliance & Planning

Our professionals keep current on tax rulings, accounting pronouncements, court opinions, and local, state and federal government bills that may impact your tax position. 

 

  • Corporate structure planning
  • Establishing and maintaining multiple-entity structures
  • Taxable subsidiaries and title-holding corporations
  • Tax minimization strategies
  • Federal, State, multi-state and international tax planning and compliance
  • Employment, property, sales, use and excise taxes
  • Cost segregation studies
  • Tax planning for pension, benefit and incentive compensation plans
  • Assistance with tax-free exchanges of property
  • IRS Compliance Review. An IRS Compliance Review looks at the policies and procedures of the nonprofit.
  • Representation before the IRS, Department of Revenue or other taxing authorities

Advisory Services

Our relationship with our not-for-profit clients extends beyond just the required compliance services. Having a specialized team come alongside your organization’s leadership team means they’ll have expertise in specific areas such as:

 

  • Form 1023s for charitable, religious, and educational organizations
  • Board governance consulting
  • Executive compensation analysis
  • Charitable Trust Administration (offered through our affiliate company)
  • Income statement and balance sheet projections
  • Working capital/cash flow management
  • Review of proposed capital expenditures
  • Lease/purchase analysis
  • Assistance with banking relationships
  • Compensation/benefits programs
  • Retirement plan funding
  • Benchmarking: comparative analysis relative to peers
  • Reorganization and restructuring

Resources

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Practice Leaders

Jodi Ristrom, CPA

Jodi Ristrom, CPA

Rachel Rico, CPA, CCIFP

Rachel Rico, CPA, CCIFP

Janet Anderson, CPA, MST

Janet Anderson, CPA, MST

Location

17501 East 17th Street, Suite 100

Tustin, CA 92780

 

 

Phone

(714) 505-9000

 

 

Email

cpas@hmwccpa.com

 

 

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Office hours

8:30a - 5:30p PST

Monday - Friday