Nonprofit Compliance Services
Compliance regulations are complex. However, successful grant management does not have to overwhelm or intimidate program staff. Adamson Splawn trains grant awardees to ensure nonprofits meet reporting standards and achieve clean financial and program audits.
From grant eligibility verification to documentation review, providing ongoing monitoring and assisting with financial audit preparation, Adamson Splawn supports nonprofit efforts to steward funding and follow agency guidelines. Compliance is critical and our clients work with us to remain focused on their mission while adhering to funder guidelines and requirements.
Frequently Asked Questions
Adamson Splawn works with nonprofits to ensure that awardees adhere to the conditions and terms of funding sources.
What are the implications of noncompliance for awardees?
If your nonprofit is found to be noncompliant, this can result in audit findings and management letters, a repayment of funds expended and/or being disqualified from receiving future funding.
Can you help us get an negotiated indirect cost rate?
Yes, based on your internal preparation. Please note that this process takes months to complete.
Are audits required for nonprofit grants?
Audits are a solid business practice for nonprofit organizations. Federal grant awards totaling $750,000 or more per year require a Single Audit under the Uniform Guidance.
Does our nonprofit require an independent audit?
Again, if your nonprofit receives $750,000 or more in Federal awards, a single audit is mandatory. For nonprofits with budget under $1 million, most choose to obtain an CPA review instead of a financial audit based on the cost of the audit.
Are there auditors you recommend?
For those nonprofits in Houston, across Texas and the Gulf Coast, we highly recommend Mauldin + Jenkins LaPorte CPAs (weblink https://laporte.com/ )
Please note: No compensation is provided to Adamson Splawn for product, consultant or vendor referrals. This practice ensures that our recommendations are guided solely by the needs and priorities of the nonprofit organizations we support.
What advice do you have for nonprofits to prepare for audits?
Our top three recommendations are:
- Ensure that your financial accounts are reconciled monthly
- Maintain detailed financial records and documentation of any and all transactions
- Establish and maintain internal controls that have built in checks and balances (for example, separate of duties for gift acceptance, financial deposits and gift recording)
Are there specific regulations nonprofits should know?
From Day One of your award, your staff needs a nonprofit grant manual which provides copies of federal regulations such as:
- Allowable and Unallowable Costs
- Equipment Inventory Records
- Award Acceptance and Onboarding of Grants
- Purchasing and Procurement Rules
- Cost Transfer Policies
- Process for Award Closeout