Sharrard, McGee & Co, PA has extensive experience working with not-for-profit organizations across the Triad for over four decades. We understand the unique dynamics in which dedicated individuals and entities contribute to helping a non-profit grow, serve its community and constituents, and focus on its purpose. We work in partnership with executive directors and their boards to support these objectives by providing valuable advice and hands-on financial management services. Each of our Directors have served in leadership positions on boards of community agencies and organizations in our community for many years and has an insider’s understanding of the day-to-day operations of a thriving not-for-profit.

Our specialized expertise includes:

Setting Goals and Objectives

Our experience indicates that the most successful not-for-profit organizations are those that set goals and establish long-range plans. We can help develop financial strategies for achieving your objectives.

Budgeting and Financial Reporting

Once your objectives and goals are established, we will help with budget preparation to help achieve them, monitor activities, and highlight deviations from planned operations.

Financial reports are extremely important for not-for-profit organizations as they often determine the amount of funding you will obtain. Since funding agencies receive many grant applications each year, a well-prepared financial statement will enhance your ability to receive funds and often provides an advantage over those organizations that have not made this step a priority. We will ensure that your financial statements are comprehensive and accurate, optimizing your opportunity to be selected as the recipient of funding.

Evaluating Internal Controls

We can also help prepare your income tax returns, providing audit, review, and compilation services for your financial statement as appropriate.

Assisting Your Board

Your Board of Directors and staff must work together in collaboration and cooperation to achieve your organization's goals. As an expert third-party consultant, we can present financial information, interpret data, and help evaluable performance in an objective and helpful manner.

We provide audit, assurance, tax, and advisory services to not for profit organizations of all sizes including:

• 501(c)(3) Charitable, Educational and Literary Organizations
• 501(c)(4), Local Associations/Social Welfare Organizations
• 501(c) 6, Business Leagues and Chambers of Commerce
• Public and Private Foundations

We perform financial statement audits under:

• US Generally Accepted Auditing Standards (GAAS)
• Government Auditing Standards (GAGAS or “Yellow Book”)
• Single Audits of federal awards under the Uniform Guidance

Other services include:

• Financial statement reviews and compilations
• Grant specific audits
• QuickBooks selection and training
• Tax return preparation – Forms 990-N, 990 EZ, 990, 990-T and 990-PF
• Guidance on
  • Unrelated business income tax issues
  • Budgeting
  • Internal controls
  • Board governance matters
  • Tax compliance
  • Representation before tax authorities
  • State charitable solicitation licensing

The accounting professionals at Sharrard, McGee & Co., PA can help your Not for Profit grow your organization, meet your goals, and plan for a successful future.