Nonprofit clients are a major focus of the firm and receive services and solutions tailored to their organization, including:
- Accounting assistance
- Attestation services, including audits, reviews, and internal control evaluation
- Tax return preparation
- Training and board presentations
- Systems design and review
- Budgeting and benchmarking
- Workshops
Clients, in general, include those considered to be:
- Public charities
- Arts organizations
- Churches
- Associations and foundations
- Charter schools
- Start-ups to over $100 million in assets and over $40 million in support
McClain & Company professionals who serve our nonprofit clients possess the required knowledge and experience in:
- Cash basis to GAAP conversion
- FASB 116 and 117 reporting requirements
- Joint costs and compliance with SOP 98-2
- FAS 136 asset transfer accounting
- Form 990 and tax compliance issues
- OMB A-133 Single Act audits and state reporting
- Communications with Board of Directors and/or Finance Committee
