Capin Crouse LLP

Address:
351 S Main Pl Ste 200, Carol Stream, IL 60188-2455, USA
Phone No:
63068297971222
companyBrief:

CapinCrouse serves the not-for-profit community with assurance, tax and advisory services. This has been our focus since 1972, when the firm was founded by Dick Capin.

With offices from Atlanta to Los Angeles, we’re a national accounting firm with a national practice approach that helps us leverage expertise and best practices from across the firm to best meet the specific needs of our clients.

General:

  • Governance and board development, responsible board oversight
  • Competent and effective audit committee oversight and risk assessment
  • Avoiding conflicts of interest and related party transactions
  • Funding and fundraising, maximizing resource development
  • Prudent investment and trust management practices
  • Managing risks and establishing controls
  • Focus on mission accomplishment
  • Cost and expense reduction strategies
  • Assessing efficiency and program accomplishments

Compliance with Laws, Regulations, and Public Trust:

  • Proper use of funds for exempt purposes, within the scope of donor restrictions, domestic and foreign
  • Avoiding private inurement and benefit, as well as excess benefit transactions
  • Avoiding unreported or unreasonable compensation, excess benefits
  • Propriety of benevolence and scholarship programs
  • Taxation and reporting for ministers and overseas workers
  • State laws, including business registration, charitable solicitations, sales tax, securities, and other
  • Unrelated business income planning and operations structuring
  • Compliance with federal laws and regulations pertaining to student financial assistance

Accounting:

  • Compliance with FASB Statements No. 116, 117, 136 and others including transfers of assets to a nonprofit organization or charitable trust that raises or holds contributions for others
  • Compliance with AICPA Statement of Position No. 98-2 on the allocation of joint costs
  • Implementation of current and proposed FASB and AICPA pronouncements
  • Timely and accurate management accounting, reporting, and systems
  • Effective risk assessment and responsive internal controls and internal control structure
  • Valuation of loan impairments, marketable securities, and contributed services