Nonprofit Organizations

Nonprofit Organizations

Watkins Uiberall has been providing reliable service to the nonprofit community of Memphis and the Mid-South for over 50 years. As a result of our extensive experience in the sector, some of the most respected nonprofit organizations in the community turn to Watkins Uiberall for their audit, tax, accounting, and consulting needs.

Our nonprofit client base covers a broad range of organizations with a focus in the following sectors: social service, arts and culture, religious organizations and churches, higher education, and business and civic. Working with nonprofits also aligns with the Firm’s values, as we share in our clients’ commitment to improve the quality of life in our community. Our partners serve as board members, and our professional staff volunteer hundreds of hours to numerous nonprofits in the community.

We have invested heavily in the training of our professional staff in the nonprofit sector. Key members of our nonprofit team attend the annual National Nonprofit Industry Conference sponsored by the AICPA and have completed the AICPA Not-for-Profit Certificate Program, a 40-hour training course covering the unique accounting and reporting standards for nonprofit organizations as well as best practices in the industry. Our services include:

Attestation Services
  • Financial Statement Audits, Reviews, and Compilations
  • Government Auditing Standards (“Yellow Book”) Audits
  • Uniform Guidance (“Single”) Audits
  • Employee Benefit Plan Audits
Tax Services
  • Preparation of IRS Forms 990, 990-T, and 990-PF
  • Unrelated Business Income Tax (UBIT) Assistance
  • IRS Audit Assistance
  • Tax Consulting
Client Accounting Services
  • Accounting and Maintenance of General Ledger
  • Annual, Quarterly, or Monthly Financial Reporting
  • Reconciliation of Bank Accounts
  • Development and Management of Budgets and Forecasts
  • Grant Reporting
  • KPI and Benchmark Dashboards
  • Electronic Bill Payment
  • Information Return Filing (1099s, Personal Property Tax, etc.)
Consulting Services
  • Analysis of Internal Controls
  • Forensic Fraud Audits
  • Agreed-Upon Procedures
  • Indirect Cost Allocation Assistance
Retirement Plan Services
  • Design, Implementation, and Administration of Retirement Plans
  • Preparation of Form 5500
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