Non Profit Organizations

Not-for-Profit organizations have challenges and issues that are unique in the business world. ASL has invested heavily in this arena and current serves more than 20 regional not-for-profits and tax-exempt clients. These run the gamut in size, mission and scope of services.

Our ASL Team is also held to stringent continuing education standards and has the depth of expertise that virtually eliminates the traditional "learning curve" for new clients.

Additionally, many of our clients track multiple new asset classes to honor requests from donors or their board of trustees. ASL goes beyond helping our clients manage the complexities of these numbers. We recognize the importance that accountability plays in all areas of NFP, and therefore craft systems that are sensitive to these requirements.

Our specialized services to benefit not-for-profit organizations include:

• Timely and thorough preparation of top-quality attest services to comply with all federal and state laws as well as requirements of directors, contributors, members, or others
• Suggesting approaches to enhance efficiency of current accounting systems
• Assistance in selection of financial and other software applications including installation and support
• Consultation on establishing and reporting requirements for political action committees
• Review of investment performance and rates of return and recommend top-quality professionals to help maximize efficiency of investments and endowment funds
• Preparation of not-for-profit tax returns for federal and state governments
• Ongoing review of unrelated business income tax (UBIT)
• Protection of tax-exempt status by verifying proper appropriation of funds
• Outside controllership, including management of in-house accounting functions and support of bookkeeping staff
• Improvements of organizational cash flow through preparation and analysis of budgets and assistance with cost allocations

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