Tax Exempt Organizations

SBC works with over 100 nonprofit organizations providing a full complement of services – audit, compliance, tax and advisory services. Our objective is to help you implement best practices from other nonprofits and for-profits to promote retention and recruitment efforts, navigate confusing IRS regulations, manage grant funding requirements, establish for-profit subsidiaries, analyze business opportunities, successfully manage risk and maintain and improve board governance. We also possess a depth of knowledge regarding political action committee (PAC) regulations, understanding compliance requirements with the Federal Election Commission.

We provide a full range of services listed under Nonprofits. The one area unique to VHWOs is due to current accounting standards, only VHWOs are required to present a statement of functional expenses as a basic financial statement in a matrix format that reports expenses by both function (e.g., program, M&G, fundraising) and their natural classification (e.g., salaries, occupancy, supplies, etc.). This higher standard of reporting for VHWO’s results from their reliance on voluntary contributions from the general public. The information provided in a statement of functional expenses allows a donor to evaluate a charity’s efficiency and effectiveness in utilizing their donations to achieve results.