Not-for-profit organizations
The not-for-profit world is increasingly complex, with a diverse set of challenges. Maintaining tax-exempt status. Adapting to new technologies. Influencing and responding to emerging legislation. Establishing board governance best practices. While growth may look different to not-for-profit organizations, we know that your organization must change and evolve in order to be successful.
While not-for-profits share many of the same challenges and opportunities faced by for-profit businesses, they must also address a whole host of unique regulatory and operational concerns. At Grant Thornton, our experienced professionals are well-versed in the needs of not-for-profit organizations and provide forward-thinking audit, tax and advisory services. Grant Thornton’s outstanding reputation for providing high-quality service helps higher education institutions, social service organizations, associations, religious organizations, foundations and cultural organizations expand, adapt and grow, serving their members, constituencies and communities more efficiently and effectively.
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Managing through the economic recovery period
The March 2012 issue of OnCourse reviews the effects the economic decline and the subsequent slow recovery has had on the operations and academic programs at all colleges and universities, providing insight as to how institutions of higher learning to evaluate their financial strengths and weaknesses, assess unique market opportunities for new students and revenue streams, align programmatic costs with available funding sources, and focus endowment resources in areas that will create the most stable budgetary environment.
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Gazing into the crystal ball: Our predictions for the not-for-profit tax landscape in 2020
A spate of scandals that affected the financial landscape in the early 2000s, the 2007 redesign of the Form 990 - there is no doubt there will be additional and significant changes in the not-for-profit sector in the future. These recent changes have provided us with certain clues about what is coming down the pike for not-for-profit organizations and we're offering a few predictions for what the not-for-profit tax landscape may look like in 2020.
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Maintaining sufficient reserves to protect your not-for-profit organization
What level of reserves should not-for-profit organizations maintain within their net asset balances? Maintaining insufficient reserves can put an organization at risk in the event of a budget shortfall, but maintaining excessive reserves can also be problematic. In this white paper, Grant Thornton explores the issue of operating reserves, providing answers to many of the questions that are likely to arise when managing not-for-profit endowments.