Brown Smith Wallace has extensive expertise in the unique financial, operational and compliance challenges facing nonprofit organizations. Our specialized practice provides not for profit accounting, tax and financial consulting services.
Brown Smith Wallace provides services to not for profit organizations that need national firm expertise, however, prefer the personal service and fee structure of a quality regional accounting firm. Our independence provides your organization’s management with practical solutions and value added ideas. Our goal is to help you maximize revenue and minimize costs to enable you to focus on your mission. Our nonprofit services include:
- Not for Profit audit and assurance
- Not for Profit tax consulting – Form 990
- Not for Profit financial consulting
Some of our value-added services for not for profit businesses include:
- Tax consulting
- Construction audits
- Employee Benefit Plan Audits
- Internal Controls Reviews
- Fraud & Forensics
- Insurance Consulting
- IT Audit and Advisory
- Benefit Plans Design and Administration
We have experience with a wide variety of not for profit organizations such as charitable organizations, private foundations, faith-based entities, trade associations and educational institutions.
Our nonprofit services team consists of 14 experienced professionals. Team members receive specialized training to stay current with the key issues facing the nonprofit industry, including financial reporting requirements, developments pertaining to the Uniform Guidance regulation, nonprofit accounting, nonprofit tax, including Form 990 issues and unrelated business income and strategic planning considerations.
Our commitment to the not for profit community does not stop at providing quality service to clients. Our team – and many other firm employees – are heavily involved in supporting a wide variety of civic, charitable and faith-based organizations in the greater St. Louis region. A number of our people serve in leadership positions on various not for profit boards and in organizations such as the United Way, the Ronald McDonald House and St. Louis Volunteer Lawyers and Accountants for the Arts.
Brown Smith Wallace assisted the Archdiocese of St. Louis with an internal audit assessment of guidelines and controls related to electronic financial transactions at parishes made through shared accounting. Their team identified gaps in existing internal control guidelines and made recommendations to improve controls related to electronic transactions, including invoice transmission and processing, electronic check signatures, electronic bank statement reviews, online payments and electronic document retention. The final reported demonstrated a thorough understanding of our organization and its processes. Ultimately, the project resulted in recommendations that make sense based on how we operate and should help tighten controls in the long run once implemented. The knowledge and insight from the Brown Smith Wallace team was valuable, and we are appreciative of their expertise and the final report we received.
Archdiocese of St. Louis
Katie Feise, Internal Audit
Before working with Brown Smith Wallace, our organization’s accounting practices needed structure. The level of expertise, oversight, analysis and service that Brown Smith Wallace promised to provide far surpassed their nearest competitor and were major factors in our decision to engage them. Working with Brown Smith Wallace has given us the ability to track our finances more accurately, and has helped us improve our strategic decision making. Between the detailed financial reports, dashboards and monthly reviews, we now have detailed knowledge of how our organization is performing financially and can make informed decisions much quicker than in the past. Additionally, our audits for the past three years have resulted in very clean 990s due to the carefully detailed work that Brown Smith Wallace provides us. They are such a joy to work with and have become an integral part of our staff. I highly recommend them to any nonprofit or for-profit company looking for accuracy, timeliness, service and dependability.
CASA of St. Louis
Steve Moergen, Executive Director
When we transitioned from a national firm to Brown Smith Wallace, we immediately noticed a difference in service and audit approach. The new leadership team welcomes spending time with us, including planning, exit and mid-year catch-up meetings, formal presentations and phone calls. They ask the right kinds of questions and don’t get lost in the details. They do their homework regarding audit procedures and risk assessments, provide a quality audit, and never miss deadlines. If issues arise, they talk to us about options, and together we generate solutions. It’s a great partnership.
Chad J. Cattoor, CPA, Chief Financial Officer
Brown Smith Wallace provided important advice on how we could further explain who we serve and how we provide our critical and unique services on our 990. This increased our Charity Navigator rating to a 4, the highest rating available. We are grateful for the assistance from the Brown Smith Wallace team in helping our organization reach this milestone.
Food Outreach, Inc.
Julie Pole, Executive Director
In the past 10 years, Synod has gone through significant change, and the Brown Smith Wallace team has been right there with us. The complexity of our organizational structure is anything but straightforward, and this team learns by asking the right questions, which results in generating solid solutions to our evolving issues. Our year-round relationship and the dialogue that is shared shows they are part of a team working for us, not against us. Their partnership is a valuable resource for The Lutheran Church Missouri Synod.
Lutheran Church Missouri Synod
Jerald C. Wulf, Chief Financial Officer
Continuity of key members of the Brown Smith Wallace NPO audit team helped with my first year transition into an executive role in the Synod’s accounting department. The team walked me through how everything worked so I didn’t feel undue stress during the audit. Knowing an experienced team was always available when I reached out during the year, and was there to support me through transition and audit committee meetings, contributed to my confidence through the entire audit process.
Lutheran Church Missouri Synod
Ross Stroh, Executive Director of Accounting
Brown Smith Wallace is a great partner for the breadth of services that we require. Not only do they perform our typical annual audit, we also have two HUD audits that we need each year and all of our audits require Uniform Guidance compliance. In addition, they perform our 403(b) audit and audits for two for-profit entities under a Master Lease arrangement. As a fairly complex entity, it’s nice to know we can obtain all the expertise we need under one roof! The staff we work with are terrific!
Places for People
Laura McCallister, Vice President of Finance & Facilities
We were at a crossroads and needed experts—people who understand non-profit management and accounting—to conduct our audit. Brown Smith Wallace came in and assisted us in significantly reducing a government repayment demand on a large grant. They have lots of smart people who know how to hone in on the most critical issues and continue to make recommendations that help us get better at our accounting processes—they genuinely care about our results. In fact, they are one of the most professional, respectful firms I have ever worked with.
South Side Day Nursery
Anne Kessen Lowell, Executive Director
Brown Smith Wallace has gone above and beyond delivering our financial statements timely and accurately. We value that the firm goes the extra mile, including breaking down key performance drivers in a discernible manner, assembling graphs and charts, and identifying trends. They also utilized comparative data points to assist us in looking at the financial and operational factors that impact our long-term financial health. Brown Smith Wallace recently led a discussion that resulted in an ‘ah-ha’ moment for our organization. Their insights will significantly impact the way we look at certain items in the future.
The Wilson School
Peter Gray, Finance Committee Chair
Working with Brown Smith Wallace’s NPO team you have more of a partnership than I’ve experienced in working with a number of accounting firms over the last 20 years. There’s independence, there’s professionalism, but you’re working with people you enjoy and trust. There’s no arrogance; just a mutual respect shown for all levels of our team from theirs. You feel like you’re in this together—they have a true concern with the success of our agency. And we don’t have to train them, from year to year and one financial area to another—there’s always someone knowledgeable to help you.
Youth In Need
Mark Solari, Chief Financial Officer
- The Asset - Official Publication of the Missouri Society of CPAs, 02.08.2019
- IRS Proposed Regulations Address Charitable Contributions Made After August 27, 2018 in Exchange for SALT Credits08.27.2018
In The News
- The Asset - Official Publication of the Missouri Society of CPAs, 01.07.2020
- Jen Vacha Discusses Tax Reform Impact on NPOs, the NPO "Parking Tax" and More on STL Nonprofit News Blogcast04.12.2019
- The Jewish Community Center - 2 Millstone Campus Dr., St. Louis, MO 63146, 02.26.2020
- Spencer Road Library - 427 Spencer Rd, St. Peters, MO 63376, 02.19.2020
- Online/Live Webinar, 03.13.2019
- CityPlace 1 Auditorium, 12.12.2018
- Crowne Plaza Hotel, St. Louis, MO, 10.25.2018
- Online/Live Webinar, 09.12.2018
- Online/Live Webinar, 08.28.2018
- 6 Cityplace Drive (Training Room), Creve Coeur, MO 63141, 05.15.2018
- NPO Speaker Series: Putting Your Annual Campaign on the Couch - Strategies to Improve Fundraising Effectiveness @ St. Charles CountySpencer Creek Library, 427 Spencer Rd., St Peters, MO 63376, 05.01.2018
- NPO Speaker Series: Putting Your Annual Campaign on the Couch - Strategies to Improve Fundraising Effectiveness @ Jewish Community Center2 Millstone Campus Dr, St. Louis, MO 63146, 04.25.2018
- Spencer Creek Library, 427 Spencer Rd., St Peters, MO 63376, 02.28.2018
- 2 Millstone Campus Dr, St. Louis, MO 63146, 02.21.2018
- Spencer Creek Library, 427 Spencer Rd., St Peters, MO 63376, 12.14.2017
- 1 CityPlace Drive - Lower Level Auditorium, St. Louis, MO 63141, 12.06.2017
- 6 Cityplace Drive (Training Room), Creve Coeur, MO 63141, 11.08.2017
- Spencer Creek Library 427 Spencer Rd #259, St Peters, MO 63376, USA, 09.14.2017
- CityPlace 1 Auditorium 1 Cityplace Dr, Creve Coeur, MO 63141, USA, 08.30.2017