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Not-for-profit organizations

Maintaining tax-exempt status. Adapting to new technologies. Influencing and responding to emerging legislation. Establishing board-governance best practices.

While not-for-profit organizations 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 fully versed in the needs of not-for-profit organizations and provide expert audit, tax and advisory services. Grant Thornton’s outstanding reputation for providing high-quality service enables higher-educational institutions, social-service organizations, associations, religious organizations, foundations and cultural organizations to serve their members, constituencies and communities more efficiently and effectively.

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 new 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.

Conflicts of interest 

Conflicts of interest in their most extreme sense, when unreported, potentially expose an organization to several risks, the most significant of which is reputational. Audit Partner, Dennis Morrone discusses conflicts of interest in this issue of ForwardThinking.

How are not-for-profits weathering the economic storm? 

Now in its seventh year, the 2009 National Board Governance Survey for Not-for-Profit Organizations explores how not-for-profit organizations are wrestling with declining revenues, increasing governance expectations and growing scrutiny from regulators. Responses to the web-based survey were received from 465 CEOs, CFOs, board members and other top officials of higher education institutions, trade and professional associations, social and human service organizations, religious organizations, cultural organizations, health care organizations and foundations.