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Useful Docs

Useful Documents

Independent School Benchmarking and Executive Briefing Report

A concise summarized blend of supplemental statistics and insight meaningful to our independent school clients.

NPO Case Studies

Four interesting case studies based on actual experiences; School that had outgrown its Business Office and current CPA, School with inadequate information systems, internal controls and policies and procedures, Church with weak internal controls over auxiliary functions, and Tax Compliance Deficiency / Outsourced Accounting.

403(b) Plans

The AICPA Employee Benefit Plan Audit Quality Center has developed various tools and resources to address 403(b) audits

This Bulletin provides guidance on certain Form 5500 Annual Return/Report requirements for tax-sheltered annuity programs described in section 403(b) of the Internal Revenue Code (Code) with respect to contracts issued before January 1, 2009.

This Bulletin supplements FAB 2009-02.


Endowments of Not-for-Profit Organizations: Net Asset Clarification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds

Charitable institutions: fund management: dissolution. Existing law, the Uniform Management of Institutional Funds Act (UMIFA), governs the management and use of endowed institutional funds held by charitable institutions.

Policies and Procedures

Excerpt from Instructions for Form 1023

Internal Control

By Jason Zuckerman

Tax Matters

The 2011 Form 990, schedules, and instructions have been revised to modify and clarify certain reporting requirements.

Explains the federal tax law for organizations such as charities and churches that receive tax-deductible charitable contributions and for taxpayers who make contributions.

All exempt organizations conducting or sponsoring gaming activities, whether for one night out of the year or throughout the year, whether in their primary place of operation or at remote sites, must be aware of the federal requirements for: Income Tax, Employment Tax and Excise Tax.

This publication is a general guide to the Sales and Use Tax Law and Regulations as they apply to sales and purchases by nonprofit organizations, including schools, religious organizations and churches, charitable organizations, and other nonprofit groups.