At Cornell Kahler Shidell & Mair, PLLP (CKSM), we've been helping not-for-profit organizations like yours save more of their revenue for its intended purpose. For over 30 years, we've been working with voluntary health and welfare organizations, plus a wide variety of civic and community groups.
- Educational
- Athletic
- Fraternal
- Cultural
- Performing arts
- Professional associations
- Social and country clubs
- Trade associations
- Political action committees
- Service organizations and clubs
The key to maximizing your resources is our knowledge and skill in regard to functional expense allocation. Because we know the law inside and out, and stay on top of each new development, no one can do more for you than CKSM in this critical area. We can also ensure that you stay in compliance with state and federal regulations, as well as meet your fiduciary responsibilities.
Other CKSM consulting specialties include:
- Joint cost accounting
- Governance
- Internal accounting controls
- Contribution policies
- Planned giving structure and accounting systems
- Tax issues including exempt status and unrelated business income
Of course, CKSM offers efficient and effective accounting services specific to your not-for-profit operations:
- Audits including, if applicable, lawful gambling operations
- Compilations and Reviews - monthly, quarterly and annually
- Preparation of annual tax returns, including Federal Forms 990 and 990T and state filings with the Attorney General, Secretary of State and Department of Revenue
- Consulting regarding the unique tax issues facing not-for-profit organizations
- Application for tax-exempt status
- Representation before the IRS and other regulatory agencies
Each year, the CKSM staff devotes a significant portion of its continuing education agenda to attending courses on not-for-profit subjects. And, at least once a year, we conduct an in-house, not-for-profit seminar. Our partners and staff also teach not-for-profit courses, seminars and conferences, and, because of their specialized knowledge of the subject, have participated in studies and focus groups dealing with the concerns of the not-for-profit community.
In addition, CKSM partners and staff are actively involved in the Minnesota Society of CPA committees dealing with not-for-profit organizations, and maintain ongoing relationships with a number of organizations involved in the industry.
These include Charities Review Council, University of St. Thomas Center for Nonprofit Management, Minnesota Lawful Gambling Control Board, Attorney General's Office, Minnesota Department of Revenue and the Internal Revenue Service. |
