Not-for-Profit Organizations

Shepard Schwartz & Harris appreciates the essential services that not-for-profit organizations provide our communities and understands the needs and issues these organizations deal with on a daily basis.  Our role is to provide advice and solutions for managing federal and state grants, contributions and other revenues; recommend strategies for getting the most out of an organization’s resources; and advise management on operations of the organization, including internal controls, documentation of the flow of funds, and other activities consistent with their financial and tax reporting requirements.

In recent years, significant changes to the not-for-profit reporting requirements have been made.  As a result, we have worked closely with the organizations we represent to address enhanced tax return and unrelated business income reporting, and the requirements for certified audits at both the federal and state level.

Client Profiles

Shepard Schwartz & Harris works with:

• A not-for-profit management association for the medical community. We provide audit, financial statement and tax compliance and advisory services for the management company, as well as its 12 not-for-profit organizations.
• A non-profit corporation that provides work experience and supportive services to young women dealing with a variety of overwhelming barriers to economic independence.
• A non-profit religious organization that provides investment management services for an international religious order and affiliates in the United States.
• An organization formed to provide scholarships for high school students to pursue a career in architecture, construction or engineering.
• A Chicago area homebuilding association.
• A suburban Chicago high school foundation. 
• A number of private foundations.