Not-for-Profit Organizations

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Not-for-Profit Organizations

Dedicated to You and Your Mission

Your not-for-profit plays a vital role in our community, but the intense financial scrutiny you face can eat into the time and energy you have for service. At WellsColeman, we provide your organization with the vigilant financial assistance needed to stand up to that close examination. By continuously training our staff to understand and meet your specialized financial needs, we are helping you further your mission.

WellsColeman currently serves over seventy Not-For-Profit Organizations in the Central Virginia area.
Charitable organizations we serve:
  • Advocacy Groups
  • Chamber of Commerce and Trade Associations
  • Colleges, Universities and Vocational Schools
  • For-Profit Subsidiaries
  • Foundations
  • Fraternal Organizations and Private Clubs
  • Government Entities
  • Healthcare Organizations
  • National and Local Public Charities
  • Professional Societies
  • Research Organizations
  • Religious Organizations
  • Unions
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Our tailored services to the Not-for-Profit Industry include:
Business Process
  • Evaluation of Finance Function and Staff
  • Evaluation of Human Resource Function and Staff
  • Outsourced Financial and Human Resource Services
  • Tailored workshops for financial staff on new and emerging accounting or taxation topics
  • Development of Accounting and Compliance Manuals
  • Conversion to/from Not-for-Profit to/from For-Profit entity
  • Tax Process Transformation Services
Compliance
  • Accounting and Auditing
  • Compliance Assessments
  • Employee Benefit Plan Audits
  • Compliance Reviews of Fundraising Reports and Allocations
  • Independent Examinations and Monitorships
  • Analysis of Unrelated Business Income Tax and Allocation
  • Payroll and Employment Tax
  • State and Local Taxes
  • Valuation Services
  • Program, Contract and Financial Compliance Audits and Reviews of Reporting to Federal, State and City Funding Sources
  • Mock IRS Audit and Other Tax Compliance Reviews
  • Preparation of Exemption Applications and Change in Status Request
  • IRS Examination Support
  • IRS Private Letter Ruling
  • Intermediate Sanctions
  • NOL Carry-forward Analysis
  • Account and Interest Recovery Services
  • Pass-through Taxation
  • Private Client Tax Services
  • Tax Controversy and Procedures
  • Accounting for Uncertainties in Tax Positions
  • Litigation and Dispute Resolution
  • Valuation Services
Governance
  • Board Evaluation Processes
  • Compensation Studies and Intermediate Sanctions Review
  • Board of Director and Audit Committee Training
  • Policy and Procedure Implementation
Grants Management Advisory Services
  • Cost Charging Allowability – direct v. indirect
  • Internal Controls
  • Procurement
  • Proposal Preparation and Estimating Costs
  • Subrecipient Monitoring
  • Project Management
  • Effort Reporting / Timekeeping
Risk Management and Assessment
  • Enterprise Risk Assessment
  • Risk Advisory Services
  • Data Analytics
  • Internal Audit
  • Tax Due Diligence
  • Forensic Accounting
  • Litigation Support
  • Investigative Due Diligence
  • Compensation Studies and Risk Management Assessment
  • IT Due Diligence
  • Investigations and Compliance
Strategy
  • Strategic Planning and Implementation
  • Organizational Development
  • Structuring Complex Multi-Entity Organizations
  • Development and Validation of New Business Models
  • Mergers and Acquisitions
  • Succession Planning
  • Planned Giving
  • Business Restructuring
Technology
  • Information Technology Assessment
  • Information Systems Assurance
  • Vulnerability Assessment
  • Technology Effectiveness
  • Responding to Cyber Crime Data Breach
  • Determining Extent of Data Breach
  • Recover and Reconstruct Missing or Deleted Data
  • Claim Quantification and Evaluation

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