Not-For-Profit Accounting in Tempe

Henry & Horne, LLP Team Members Garden for Community Service at the Growhouse

This past Sunday employees and family members from Henry & Horne, LLP volunteered at the Growhouse in downtown Phoenix. We split into teams to accomplish a few tasks while we were there. One team prepped a garden bed and planted … read more

Contributions Not Reported on the Form 990

There are quite a few differences between GAAP accounting and the rules for reporting on the Form 990. I was recently reviewing the rules on reporting contributions on the 990 and thought I would share a few that are often … read more

Recognition and Measurement of Debt and Equity Securities

Many not-for-profit organizations receive donations in the form of assets other than cash. Therefore, it’s important to know the proper way to report these donations on your financial statements. Donated investment assets (such as stock) should initially be recorded at … read more

Conditional vs Unconditional Promises to Give

By definition, conditional promises to give are donor promises to contribute assets to an organization, assuming a specified future or uncertain event occurs. A condition is not the same as donor-imposed restrictions, but should be considered as a barrier that … read more

Arizona Gives Day is Next Week!

For the third year in a row, Arizona Gives Day is approaching April 7, 2015. AGD, which is a collaboration between the Alliance of Arizona Nonprofits and the Arizona Grantmakers Forum, is a 24-hour online giving campaign meant to unite … read more

How to Report a Name Change to the IRS

If your nonprofit has changed its name, the name change needs to be reported to the IRS. This can be done on your next Form 990. Here are the requirements for reporting this properly: File your next Form 990 by … read more

Filing Form 990-N for New Nonprofits

Is your nonprofit organization in its first few years of existence? Not sure of the Form 990-N filing thresholds? Organizations that have gross receipts that are normally $50,000 or less are required to file a Form 990-N (e-Postcard). Now, you’re … read more

Common Errors with Net Assets

When auditing an organization, what we often find is that clients are not tracking their restricted net assets. Or if they are tracking it, it is not correct. Some common errors we find include: Board designated amounts are classified as … read more

Henry & Horne, LLP Employees Volunteer at Literacy Fair

On Saturday February 28, 14 Henry & Horne, LLP employees and their family members volunteered at a literacy fair sponsored by the Valley of the Sun United Way. The fair was open to the public and held at the Martin … read more

Are retail sales made by nonprofits exempt from Arizona transaction privilege tax?

Arizona Transaction Privilege Tax (TPT) and Use Tax are taxes the vendor is required to pay for the privilege of doing business in Arizona; otherwise known as a ‘sales tax.’ As a nonprofit organization, should you have to pay TPT … 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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