I’ve been working since I was 15 years old. Working hard my whole life has helped shape my work ethic.

About Colette

As head of the Not-for-Profit niche, Colette Kamps works exclusively with the not-for-profit industry handling audits, reviews and compilations, consulting and tax returns. She serves many types of nonprofit organizations including health care, social services, arts and cultural, membership associations, schools, foundations and religious organizations, as well as organizations requiring Single Audits.

Colette loves working with the nonprofit industry because the people she gets to work with are so passionate about what they do.

Before joining Henry+Horne in 2003, Colette worked in private company accounting for six years at an investigative and litigation support company and a retail furniture business.

Outside of work, you can find Colette running or hanging out by the pool. She also loves to travel. Her favorite place she has visited is Bora Bora, so it’s no surprise that she and her husband hope to retire to a sunny beach location or sail on a catamaran.


Arizona State University, Post Baccalaureate Certificate of Accountancy

St. Norbert College, Green Bay, Bachelor of Arts in Mathematics

Firm Roles

Audit + Accounting Committee


American Institute of Certified Public Accountants

Arizona Cactus-Pine Girl Scouts, Audit Committee

Arizona Society of Certified Public Accountants, Audit Committee Chair

Free Arts of Arizona, Finance Committee

STARS, Finance Committee

Did you know?

What’s something very few people know about you?
I used to play the violin and the piano.

What would be impossible for you to give up?
My dog Tiki.

If you were an ice cream flavor, what would you be?
Deep chocolate peanut butter.

Where did you grow up, and why aren’t you there now?
Beaver Dam, Wisconsin. I am not there now because it is WAY too cold. That is 100% the reason I moved to Arizona. It was cold and I wanted to be warm.

Blog Posts by Colette

Bequest or promise to give?
The 501 S(c)ene
June 2022
Provider Relief Funds, your SEFA and reporting as income
The 501 S(c)ene
August 2021
Shuttered Venue Operating Grant update
The 501 S(c)ene
August 2021
Notable IRS Regulations on UBTI
The 501 S(c)ene
August 2021
New rules for taxable income
The 501 S(c)ene
June 2021
Does a Shuttered Venue Operators Grant = a Single Audit?
The 501 S(c)ene
April 2021
Contributions or exchange transactions?
The 501 S(c)ene
March 2021
Measuring investment values
The 501 S(c)ene
December 2020
What to remember about recording contributions
The 501 S(c)ene
December 2020
Update on nonprofit accounting for a PPP loan
The 501 S(c)ene
July 2020
How should a nonprofit record their PPP loan?
The 501 S(c)ene
May 2020
PPP loans – planning for forgiveness
The 501 S(c)ene
April 2020
Reimbursement by government of amounts paid for sick leave and family leave due to coronavirus
The 501 S(c)ene
March 2020
CARES Act: Forgivable government loans for nonprofits
The 501 S(c)ene
March 2020
Qualifying to receive tax credit donations in Arizona
The 501 S(c)ene
February 2020
Top 10 things to know about Endowments
The 501 S(c)ene
December 2019
Is it a related party transaction if no amounts were paid?
The 501 S(c)ene
September 2019
What to know about 457 plans
The 501 S(c)ene
September 2019
Nonprofit accounting: what’s the definition of a collection?
The 501 S(c)ene
April 2019
Who Will the IRS Choose for Form 990 Audits?
The 501 S(c)ene
September 2016
A Little-Known Element on the Form 990
The 501 S(c)ene
October 2015
IRS filing calendar for raffles
The 501 S(c)ene
June 2015
How to Report a Name Change to the IRS
The 501 S(c)ene
March 2015
Private Foundations Need IRS Approval for Grants
The 501 S(c)ene
February 2015
Are you baffled by Schedule A?
The 501 S(c)ene
November 2014
The Rules of Raffles
The 501 S(c)ene
November 2014
Requirements for Communications to Attendees at Your Special Event
The 501 S(c)ene
October 2014
What is the Difference Between Donor-Advised Funds and Restricted Donations?
The 501 S(c)ene
June 2014
Self Dealing in Private Foundations
The 501 S(c)ene
February 2014
10 Things to Know When You Have a PAC (Political Organization)
The 501 S(c)ene
November 2013
To Record or Not Record Donated Services
The 501 S(c)ene
August 2013
Top 12 Points to Avoid Endowment Confusion
The 501 S(c)ene
February 2013
How Can You Lose Tax Exempt Status? With EBT’s
The 501 S(c)ene
January 2013
Board Governance = Tax Compliance?
The 501 S(c)ene
July 2012
Fundraising Costs in Nonprofit Entities
The 501 S(c)ene
June 2012
Social Welfare or Social Club?
The 501 S(c)ene
June 2012
The differences between GAAP, cash basis and modified cash basis of accounting
Government GPS
August 2011
Is Your Club or Association a Tax Exempt Entity? Part II
The 501 S(c)ene
January 2011
Independent Contractors – Who Should Be Reported on Form 990?
The 501 S(c)ene
December 2010
Violations of Loan Covenants – What Does this Mean for my Audit?
The 501 S(c)ene
December 2010

Articles by Colette

New charity navigator rating system makes its debut
July 2020
Conditional vs unconditional: new accounting standard clarifies
Fall 2018
Entertainment and transportation fringe benefit expenses could be taxable to nonprofits
Summer 2018
Do you have to file for exemption for every affiliate?
Spring 2018
Fraud prevention checkup
Winter 2018
Rental income - UBTI or not?
Winter 2018
Is my grant a contribution or exchange transaction?
Fall 2017
Revenue recognition standard affect on nonprofits
Summer 2017
Special events: Difference between GAAP and Form 990
Spring 2017
Endowments: Be careful not to overspend
Winter 2017
How is your donation being spent? Five tips for checking charity finances
December 2016
Expense Allocations: Not as Easy as it Seems
Fall 2016
Some Simplifications for Nonprofits: Two New Accounting Changes
Summer 2016
Work Opportunity Tax Credit: Can Nonprofit Organizations Benefit?
Spring 2016
How Does Your Auditor Decide that You Have an Internal Control Deficiency?
Winter 2016
Recognizing the Contribution Portion of a Special Event Ticket
Fall 2015
Cash Flow Changes for Nonprofit Organizations
Summer 2015
The Glitches of Grants
Spring 2015
Proactive Policies for Large Gifts
November 2014
Executive Compensation: How a Nonprofit Can Protect Itself
Fall 2014
Changes on the Horizon for Nonprofit Financial Reporting
Summer 2014
Recording Donated Services: Ten Points You May Not Know
Spring 2014
Membership Fees - What Portion is the Contribution?
Fall 2013
What You May Not Know About Schedule A
Summer 2013
Special UBIT Issues With Rental Income
Spring 2013
Encounters with Endowments
Fall 2012
Social Enterprise in Nonprofits
Summer 2012
One Size Doesn't Fit All
Spring 2012
Is Your Nonprofit Involved in Foreign Activities?
November 2011
Merging Non-Profit Organizations
September 2009
Is Fraud Happening in Your Company?
August 2009
Exempt Organizations - The Annual Report From The IRS
April 2009