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.
Grant Thornton's OnCourse newsletter provides business and financial insights for trustees and higher education administrators. As the keeper of a higher education institution’s financial health, today’s CFO responsibilities include risk and IT management. Read the latest OnCourse, written by Larry Ladd, director in Grant Thornton's National Not-for-Profit and Higher Education practices, for 15 effective leadership tips and more.
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.
This special edition of ForwardThinking reviews Notice 2012-9, which provides guidance on Form W-2 reporting to employees regarding the cost of group health insurance coverage. Eddie Adkins, a partner in Grant Thornton's Washington National Tax Office who works exclusively with nonprofit organizations, provides information in a question and answer format to serve as your guide in complying with the requirements.