Not-For-Profit Accounting in Tempe

Functional Expense Allocation

It’s important as a not-for-profit organization to accurately allocate expenses among your program(s), management and general, and fundraising. Many donors restrict grants and contributions specifically for the entity’s programs. Therefore, it’s vital to only allocate expenses that are related (either … read more

How to Clean Up Old, Uncleared Checks in QuickBooks

There are a number of reasons why you may have old, uncleared checks on your books. Whatever the reason, it is important to clean any checks that should be cleared off your books in order to make sure you are … read more

Public Charity to a Private Foundation

The process of changing anything relating to an organization’s tax exempt status can be very confusing. A public charity can be automatically converted to a private foundation by the IRS if they don’t meet the minimum public support percentage requirement. … read more

IRS Announces 2015 Mileage Rates

On December 10, 2014, the IRS issued Notice 2014-79, announcing the optional standard mileage rates to be used for tax purposes and mileage reimbursements in 2015. These rates are effective January 1, 2015. The standard mileage rate for business use … read more

IRS Form 1098-C

Whenever a non-profit organization receives a donation of a motor vehicle, boat, and/or airplane that has a value of more than $500, they are required to file a Form 1098-C with the IRS. These forms must be filed on an … read more

Accounting Treatment of Employee Discounts for a Tax Exempt Entity

Many organizations offer employee discounts as a benefit of working for its entity. A common misconception is to account for these discounts the same way an entity would account for a discount to a customer: net the discount against sales. … read more

Are you baffled by Schedule A?

Schedule A of the Form 990 is required to be completed by all public charities. This schedule shows the IRS how the Organization is a public charity (versus a private foundation) and also proves that the Organization is receiving enough … read more

The Rules of Raffles

There are a lot of rules to remember when nonprofit organizations hold raffles. Here is a summary of those rules to keep in mind and to help with planning in advance of the raffle. If the raffle prize is valued … read more

Understanding Your 403(b) Plan

A common misconception is that all 403(b) employee benefit plans are exempt from filing the Form 5500 and an annual plan audit. Over five years ago this was true, and these plans were exempt from the Employee Retirement Income Security … read more

Henry & Horne, LLP Team Members Make a Difference for Mesa Resident

October’s community service event took place on Saturday, October 25 with members of the firm participating in Make a Difference Day through Hands On Greater Phoenix. Make A Difference Day is a celebration of neighbors helping neighbors with millions of … read more


Our Not-For-Profit niche is a strong team of experienced professionals who focus their work in the not-for-profit industry. Henry & Horne has been a stable local firm in Arizona for 55 years, and the Not-For-Profit niche has a long history of working with charitable organizations and other tax exempt organizations of all kinds. Our focus is exceptional client service and building relationships with our clients to promote communication throughout the year, not just at the time of the annual audit. We highly value and are very proud to be helping those who help others.

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