Non profits are always focused upward and outward as they assess their vision and address those whom they serve. Yet, while their mission is very different than that of a typical business, they must operate like a business in order to fulfill their mission. DZH Phillips understands the special challenges facing nonprofit clients. Our experts in this area partner with clients to address funding sources, donor reporting, charitable giving, and board issues. In our every interaction, we focus on the bottom line so you can keep looking forward.

Associations

Nonprofit associations are typically formed to promote legislation or to provide common education of members, training programs, or exchange of ideas. There are different types of associations, perhaps the most common being professional associations. Depending on the type, size, and status of the group, there are certain accounting and compliance requirements, including tax implications for lobbying and the need for an annual financial audit. DZH Phillips has worked with a number of associations, among them environmental training and certification, conservation, business communication, and real estate.

Community Service Organizations

Whether they’re serving the homeless, assisting veterans with job placement, or stocking the pantry at a local food bank, community service organizations are the backbone of today’s social services network. These organizations rely heavily on donations from individuals, corporate and foundation grants, or government funding, often necessitating an audit in accordance with government standards. We bring extensive experience to our work with community service organizations and are especially well-versed in working with organizations that receive a combination of city, state, and federal funding.

Private Schools

Schools have unique accounting requirements that differ from other businesses. Considerations such as contract labor, scholarship awards, and endowment funds, coupled with a vastly different budget planning process driven by tuition projections are what keep school administrators up at night. DZH Phillips has an established presence among private schools. Members of our audit team bring operational experience to their relationship with primary and secondary school clients, having worked in the industry and served as members of various school boards. We understand your timeline, constraints, and concerns, and our personal experiences as school employees and board members impart a fresh perspective to our audits.

Retirement Communities

Retirement communities, broadly defined to include independent living, elder care, skilled nursing, dementia, and adult daycare services, are a complex and growing industry. DZH Phillips provides accounting and assurance services to the retirement community, and we are well-versed in best practices for handling your most pressing issues such as staffing, training, capital expenditures, depreciation, third-party billing, and MediCal. Our team stays abreast of the ever-changing medical and regulatory environment through educational opportunities and industry involvement with organizations such as the Aging Services of California. We strive to provide the best, most current advice to help your retirement community reduce tax liability, manage risk, and remain profitable.

Private Foundations

A highly effective vehicle for significant philanthropy, private foundations differ depending on the size of their assets, their administration, and the causes they support. DZH Phillips works with private foundations ranging in size from $15 million to $100 million in assets. We have experience with family foundations, as well as larger foundations that are aligned with a particular cause or organization, such as a hospital foundation. Our services for private foundations include: filing required annual information returns and performing financial audits; consultation with regard to political campaign activity, employment taxes, and other factors that affect a foundation’s tax-exempt status; and advice and assistance with changes to a foundation’s mission or purpose.