Not-For-Profit Organizations

More Than Money Quarterly Newsletter

We are proud to contribute to the role of not-for-profit organizations in our communities. They perform extremely valuable services that depend upon the donations of organizations and individuals. We are committed to helping them to attain secure funding by exhibiting the strength and integrity of their organization.

Mueller & Co., LLP has developed a service team dedicated to serving the needs of not-for-profit organizations. We help you to achieve your mission through the quality of our professional advice and the customized services designed to ensure your operational excellence.

We serve a variety of organizations across the not-for-profit spectrum: foundations, faith-based organizations, cultural arts, trade associations, membership organizations, and philanthropic organizations.

Many of our partners and staff serve in a voluntary capacity on boards and give of their resources for the causes they feel strongly about—our commitment is intensely personal.

Our Services Include:

• Traditional, Outsourced, and CFO Outsourced Accounting 
• Audits, Reviews & Compilations
• Circular A-133 Federal Reporting and Consulting
• 403(b) Audits
• 403(b) Consulting
• Audit committee training
• Internal controls and systems evaluations
• Budgeting & Forecasting
• Cost Allocation Planning
• Tax Compliance & Planning
  • Federal and State Return Information
  • Federal and State Payroll Tax Issues
  • Tax-Exempt Status Applications
  • Creation of a Foundation
  • Representation before the IRS
  • Unrelated Business Income Tax Planning (UBIT) 
• Strategic Planning
• Fraud - systems to protect against internal fraud
• Investment Planning
• Retirement Planning

403(b) News Update

NOTICE OF AMENDMENT TO SECTION 4
OF THE SOLICITATION FOR CHARITY ACT
(Public Act 096-0488)

Effective January 1, 2010 the audit threshold for charitable organizations whose Fundraising functions are carried on solely by staff and volunteers will be raised from $150,000 to $300,000. (225 ILCS 460/4) The new $300,000 audit threshold applies to annual reports that are due (without considering any extension granted) after the January 1, 2010 effective date of the amendment.

The audit threshold of $25,000 for charitable organizations who use the services of paid professional fundraiser has not been changed. (225 ILCS 460/4)

Our support
Mueller & Co., LLP has supported the following not-for-profit organizations either by sponsored advertising, monetary donations, and/or donations of time and skills: