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MHM
  • About Us
    • Careers
    • Locations
  • Services
    • Audit & Assurance
      • Financial Statement Audits
      • EBP Audits
      • Public Company Services
      • Attest & Other Services
      • Systems and Organization Controls
    • Tax
      • State and Local Tax
      • Federal Tax
      • International Tax
      • Private Client Services
    • Advisory
      • Complex Accounting
      • Transition & Transaction Services
      • IT Security
  • Industries
    • Financial Services
    • Manufacturing & Distribution
    • Not-for-Profit & Education
    • Private Equity
    • Professional Services
    • Real Estate
    • Retail and Consumer Products
    • Technology & Life Sciences
    • Construction
  • Insights
    • Articles
    • Webinars
  • People
  • Contact Us
    • MHM Ethics Hotline

Not-for-Profit & Education

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A classroom at a not-for-profit university

Not-for-Profit & Education

MHM’s dedicated not-for-profit professionals help you address changes and meet compliance requirements through reliable audit and advisory solutions.

Students playing violin at a not-for-profit college or university

Not-for-Profit & Education

MHM’s dedicated not-for-profit professionals help you address changes and meet compliance requirements through reliable audit and advisory solutions.

A group of people preparing food in a not-for-profit kitchen

Not-for-Profit & Education

MHM’s dedicated not-for-profit professionals help you address changes and meet compliance requirements through reliable audit and advisory solutions.

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What you do matters, to your community and to us. MHM’s nonprofit and education professionals have purposefully chosen to work with tax-exempt organizations because we are drawn to the work you do. It’s why we are not just accounting providers, we are also board members, volunteers, and fundraisers for organizations in our communities. The time we spend with not-for-profits gives us the fresh perspective and proactive guidance to help you manage changes like the Uniform Grant Guidance, new financial reporting requirements, or updates to Form 990 reporting. We make adapting to new developments a seamless transition through the insights provided by our service teams, leading-class nonprofit newsletter, and free webinar series.

Not-for-Profit Viewpoint

Our monthly publication provides news of interest to not-for-profits.

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Not-for-Profit Newsletter

Services

  • Audit & Assurance
  • Tax Services
  • Advisory

Our industry-specific audit methodology targets the areas of highest risk in your financial statements, creating efficiencies in your audit process. Our team also performs single audits under the Uniform Grant Guidance, reviews and compilations, agreed-upon procedures, 403(b) and 401(k) audits, and HUD audits.

We streamline your not-for-profit tax reporting function. We help prepare and file Form 990s and provide unrelated business income tax (UBIT) minimization guidance and strategies to help you maintain your exempt status.*

Our advisors assist with construction cost reviews, litigation support, accounting advisory and outsourcing, federal indirect cost rate consulting, and internal audit and controls, as well as with fraud prevention and cybersecurity.*

INSIGHTS

Here’s How the Employee Retention Credit Can Help Not-for-Profit Organizations

Many not-for-profit organizations were forced to completely shutter operations because of the COVID-19 pandemic, making them eligible candidates for the Employee Retention Credit (ERC) benefit in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Learn More

4 Things Your Not-for-Profit’s Board Should Know About COVID-19 Recovery

Here are four elements not-for-profits should be telling their boards about COVID-19 recovery.

Learn More

FASB Vote on Rev Rec and Leasing Deferral Sends Mixed Relief for Not-for-Profits

A recent decision to delay the effective date for the revenue recognition and leasing accounting standards may bring some relief for not-for-profits, but for those approaching their June 30 financial statements, some of the changes may be coming too late.

Learn More

  • What Not-for-Profits Need to Know About Restricted Grants

     Donor-restricted grants can be a great way to fund your organization, but they can also be challenging. In this article, we'll look at the details related to restricted grant usage, how to navigate the complexities, and proactive steps you can take to address them in the future.

  • 3 Takeaways from the OMB 2021 Compliance Supplement

     In August the Office of Management and Budget (OMB) released its 2021 Compliance Supplement, 2 CFR Part 200 Appendix XI (Compliance Supplement), effecting Not-for-profits that receive federal grants.

  • This Not-for-Profit Sector is in the Crosshairs of Cyber Criminals

     Some not-for-profit entities may be more vulnerable to information security incidents and data breaches. Here’s what your organization needs to know about to protect itself from key cybersecurity risks.

  • How Not-for-Profits Can Navigate the Intricacies of the Employee Retention Tax Credit

     The Employee Retention Tax Credit (ERTC) was enacted as part of the early COVID-19 stimulus measures, and can be claimed through Dec. 31, 2021 by eligible employers who retained employees during the COVID-19 pandemic.

  • American Rescue Plan’s Impact on Not-for-Profits

     Here’s a look at what the recent stimulus law means for not-for-profit organizations.

  • No PPP Loan for Your Not-for-Profit? Consider Shuttered Venue Operator Grants

     Shuttered Venue Operator Grants may help cultural institutions hard hit by the COVID-19 disruption.

  • Ways Not-for-Profits Can Maximize the Consolidated Appropriations Act Stimulus Relief

     Here are some ways that not-for-profit organizations can tap into stimulus benefits.

  • Developments That Could Affect 2020 Charitable Giving Results

     The following are key developments not-for-profit organizations should know about charitable giving in 2020.

  • 4 Things Your Not-for-Profit’s Board Should Know About COVID-19 Recovery

     Here are four elements not-for-profits should be telling their boards about COVID-19 recovery.

  • Here’s How the Employee Retention Credit Can Help Not-for-Profit Organizations

     Many not-for-profit organizations were forced to completely shutter operations because of the COVID-19 pandemic, making them eligible candidates for the Employee Retention Credit (ERC) benefit in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

  • 3 COVID-19 Impacts to Expect When Undergoing a Single Audit in 2020

     Not-for-profit organizations that receive federal funds are subject to the requirements of the Uniform Grant Guidance, and the Subpart F Single Audit.

  • What Additional COVID-19 Legislation Could Look Like for Not-for-Profits

     Proposed stimulus legislation would offer the following benefits to not-for-profit organizations.

  • Liquidity Concerns Troubling Your Not-for-Profit? Consider the Main Street Lending Program

     Details were recently finalized about how nonprofits can access the Main Street Lending Program.

  • Reporting Requirements Impact Private Colleges and Universities

     Private colleges and universities face reporting changes.

  • Memo Clarifies Single Audit Relief Provisions

     A recent memo clarifies Single Audit requirements.

  • Federal Reserve Considers Expanding Main Street to Not-for-Profits

     As part of its recent review of the CARES Act loan programs, the Federal Reserve is evaluating whether to expand its Main Street loan facilities to include not-for-profit organizations.

  • How Not-for-Profits Account for PPP Loans

     Not-for-profit organizations have clearer guidance on how to account for PPP loans than other types of organizations.

  • FASB Vote on Rev Rec and Leasing Deferral Sends Mixed Relief for Not-for-Profits

     A recent decision to delay the effective date for the revenue recognition and leasing accounting standards may bring some relief for not-for-profits, but for those approaching their June 30 financial statements, some of the changes may be coming too late.

  • Campus Is Shut Down – What Can Be Done to Maximize This Time?

     Summer started early for university campuses across the country. Many closed their campuses well in advance of the end of the semester in efforts to protect students and faculty from the COVID-19 pandemic.

  • Coronavirus Capital Assistance and Disaster Relief Fund Guide for Not-for-Profit Organizations

     In response to the financial damage related to the COVID-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

  • 5 Ways Not-for-Profits Can Capture the Benefits of the CARES Act

     Not-for-profit organizations should look to the CARES Act for COVID-19 pandemic relief.

  • 6 Tips to Help Not-for-Profits Manage Coronavirus Impact

     The following tips may help not-for-profits manage the repercussions from the coronavirus pandemic.

  • Biggest Stories in 2020 for Not-For-Profit Risk Management

     Our team recently gathered feedback from not-for-profit and higher education professionals about their approach to key risks and challenges. Their insights may be a useful guide in allocating your organization’s risk management resources this year.

  • Clarifications Coming to Not-for-Profit Accounting for Contributions of Nonfinancial Assets

     Insight into how not-for-profit organizations use financial donations has long been easier to get than information on how organizations use their nonfinancial contributions, such as donated services. A proposed accounting change would require organizations to disclose more detail about their use of nonfinancial assets.

  • 2020 Not-for-Profit Accounting Preview

     Complex standards and organizations’ implementation efforts related to those standards will continue to dominate the accounting conversations for not-for-profits throughout the year.

    • More Insights

    Key Contact

    Michael Burns

     mburns@cbiz.com (617) 761-0584

    The first step in
    Knowing You is Knowing how
    we can help You.

    Contact Us

    *MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm that provides audit, review and other attest services. MHM works in an alternative practice structure with CBIZ, a leading business consulting, tax, and advisory services provider. MHM provides all attest services and, with limited exception, CBIZ provides all non-attest services.

    MHM. Knowing You.

    Contact Us

    About Us

    MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions. We use our global resources and 60-plus years of experience serving growth-oriented public, private and not-for-profit organizations, to bring you best practices and sound guidance.

    A member of Kreston Global |
    A worldwide network of accounting firms

    Client Portal | Careers | Terms of Use | Privacy Policy

    Copyright 2021 Mayer Hoffman McCann P.C. All rights reserved.

    About Us

    MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions. We use our global resources and 60-plus years of experience serving growth-oriented public, private and not-for-profit organizations, to bring you best practices and sound guidance.

    MHM. Knowing You.

    Contact Us

    A member of Kreston Global |
    A worldwide network of accounting firms

    Client Portal | Careers | Terms of Use | Privacy Policy

    Copyright 2021 Mayer Hoffman McCann P.C. All rights reserved.