Not-for-Profit Entities

Not-for-Profit Entities

Your organization needs more from its audit firm than financial statements and regulatory compliance. You need a firm that will help you thrive.

Your next audit firm should be a strategic partner, whose experience and mission-specific guidance satisfy stakeholders and taxing authorities, help you qualify for crucial funding, and maximize your value to your constituents.

Your next audit firm should be Walker & Armstrong.

What is the "WALKER & ARMSTRONG DIFFERENCE" for NOT-FOR-PROFITS?

FIRM AND INDUSTRY LEADERS IN SERVING NOT-FOR-PROFIT ENTITIES

Jay Z. Parke, CPA, Audit Partner

Jay Z. Parke, CPA

AUDIT PARTNER

Steven L. Tait, CPA, Tax Partner

Steven L. Tait, CPA

TAX PARTNER

Kimberly Ann Bolligar, CPA, Tax Partner

Kimberly Ann Bolligar, CPA

TAX PARTNER

Curtis Bright, CPA

AUDIT PARTNER

Lisa S. Parke, CPA

AUDIT PARTNER

Ken Mason

ADVISORY SERVICES DIRECTOR

Jay Z. Parke, CPA

AUDIT PARTNER

Steven L. Tait, CPA

TAX PARTNER

Jay Z. Parke, CPA, Audit Partner
Steven L. Tait, CPA, Tax Partner
Kimberly Ann Bolligar, CPA, Tax Partner
Curtis Bright, CPA, Audit Partner
Lisa S. Parke, CPA, Audit Partner
Ken Mason, Advisory Services Director

ESSENTIAL SERVICES

  • Audit, Reviews & Compilations

    Walker & Armstrong is a leader in performing quality and timely audits for clients in all major economic sectors. 


    An audit is a review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. An audit provides the highest level of assurance and is often required by lenders, funding agencies and other stakeholders. 


    We perform compilation and review engagements for not-for-profit entities, privately held companies, and county, municipal and tribal governments.

    LEARN ABOUT OUR AUDIT SERVICES

  • Pre-Audit

    By paving the way for your annual audit, an efficient pre-audit facilitates a smoother, quicker, less disruptive and less expensive annual audit.


    Our valuable “pre-audit” services, which make up the first step in the process of an audit, include project management and staff training in audit preparation.


    During a pre-audit, we assist our clients in the preparation of audit schedules and supporting documentation necessary to facilitate a more timely and efficient audit process. We also will prepare financial statements and supporting schedules.

    ABOUT OUR PRE-AUDIT SERVICES

  • Accounting & Advisory

    We provide accounting and consulting services to our non-attest clients, including audit preparation, financial statement preparation, and advising on QuickBooks.

    ACCOUNTING & ADVISORY SERVICES

  • Forensic Accounting

    We conduct Forensic Accounting and Financial Investigations.


    Clients have called on Walker & Armstrong to ensure the integrity of their internal controls, investigate suspected fraud or misappropriation of funds, and produce reports on matters of interest to governing bodies, management and funding agencies.

  • Tax

    We understand the unique tax rules that govern the tax-exempt world. In addition to Form 990 and UBIT services, Walker & Armstrong offers a comprehensive menu of solutions, including:


    • assistance with multi-organization structures, including for-profit subsidiaries, foundations and joint ventures
    • consultation regarding IRS required reporting
    • executive compensation planning and reporting
    • exemption application assistance
    • prohibited transaction analysis
    • state and local tax assistance
    LEARN ABOUT OUR TAX SERVICES

Walker & Armstrong is a leader in performing quality and timely audits for clients in all major economic sectors.

An audit is a review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. An audit provides the highest level of assurance and is often required by lenders, funding agencies and other stakeholders.


We perform compilation and review engagements for not-for-profit entities, privately held companies, and county, municipal and tribal governments.

LEARN ABOUT OUR AUDIT SERVICES

By paving the way for your annual audit, an efficient pre-audit facilitates a smoother, quicker, less disruptive and less expensive annual audit.

Our valuable “pre-audit” services, which make up the first step in the process of an audit, include project management and staff training in audit preparation.


During a pre-audit, we assist our clients in the preparation of audit schedules and supporting documentation necessary to facilitate a more timely and efficient audit process. We also will prepare financial statements and supporting schedules.

LEARN ABOUT OUR PRE-AUDIT SERVICES

We provide accounting and consulting services to our non-attest clients, including audit preparation, financial statement preparation, and advising on QuickBooks.


LEARN ABOUT OUR ACCOUNTING & ADVISORY SERVICES

We conduct Forensic Accounting and Financial Investigations.

Clients have called on Walker & Armstrong to ensure the integrity of their internal controls, investigate suspected fraud or misappropriation of funds, and produce reports on matters of interest to governing bodies, management and funding agencies.

We understand the unique tax rules that govern the tax-exempt world. In addition to Form 990 and UBIT services, Walker & Armstrong offers a comprehensive menu of solutions, including:

  • assistance with multi-organization structures, including for-profit subsidiaries, foundations and joint ventures
  • consultation regarding IRS required reporting
  • executive compensation planning and reporting
  • exemption application assistance
  • prohibited transaction analysis
  • state and local tax assistance

LEARN ABOUT OUR TAX SERVICES

A FIVE-DECADE TRADITION OF HELPING NOT-FOR-PROFIT ENTITIES

Walker & Armstrong is a leader in providing valuable professional services to not-for-profits, including a number of Arizona’s largest and most highly regarded entities.


We enjoy long-standing professional relationships with:


  • Membership organizations
  • Charitable organizations
  • Charter schools
  • Colleges and universities
  • Foundations
  • Religious organizations
  • Arts and cultural organizations
  • Labor unions
  • Political action committees
  • Private industry councils



We are current on the accounting and tax reporting requirements that are unique to not-for-profit entities, including Form 990, unrelated business income tax (UBIT) calculations and reporting, mergers and acquisition reporting, contributions of cash and donated services, and long-lived assets and restricted net asset reporting.

SHARING OUR KNOWLEDGE

Kimberly Ann Bolligar, CPA

UBIT: A Walker & Armstrong Primer for Not-for-Profit Entities

By Kimberly Ann Bolligar, CPA • February 21, 2013
Income obtained from activities that are outside your organization’s tax-exempt purpose may be subject to unrelated business income tax (UBIT).
Jay Z. Parke, CPA

Internal Control Considerations: A Close Look

By Jay Z. Parke, CPA • December 14, 2012
Not-for-profits are often challenged in determining the correct balance of costs versus benefits involved in establishing and maintaining internal controls.
Walker & Armstrong logo

Compliance Auditing and Preparation for Single Audit

By Walker & Armstrong LLP • October 23, 2012
Walker & Armstrong helps clients substantially reduce the complexity and distraction of a single audit via effective preparation, adherence to internal controls, and implementation of certain key steps that promote audit quality.
Jay Z. Parke, CPA

Not-for-Profit Board Governance Considerations

By Jay Z. Parke, CPA • April 20, 2012
Sound governance is key to a not-for-profit 's effective fulfillment of its objectives while complying with applicable laws, regulations and contractual arrangements.
Kimberly Ann Bolligar, CPA

UBIT: A Walker & Armstrong Primer for Not-for-Profit Entities

By Kimberly Ann Bolligar, CPA • February 21, 2013
Income obtained from activities that are outside your organization’s tax-exempt purpose may be subject to unrelated business income tax (UBIT).
Jay Z. Parke, CPA

Internal Control Considerations: A Close Look

By Jay Z. Parke, CPA • December 14, 2012
Not-for-profits are often challenged in determining the correct balance of costs versus benefits involved in establishing and maintaining internal controls.
Walker & Armstrong logo

Compliance Auditing and Preparation for Single Audit

By Walker & Armstrong LLP • October 23, 2012
Walker & Armstrong helps clients substantially reduce the complexity and distraction of a single audit via effective preparation, adherence to internal controls, and implementation of certain key steps that promote audit quality.
Jay Z. Parke, CPA

Not-for-Profit Board Governance Considerations

By Jay Z. Parke, CPA • April 20, 2012
Sound governance is key to a not-for-profit 's effective fulfillment of its objectives while complying with applicable laws, regulations and contractual arrangements.
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