Chapin, Owen & Sandstrom, P.A.
                    Certified Public Accountants

Nonprofit

The Metropolitian Washington, DC area enjoys one of the largest concentrations of not-for-profit organizations in the world - with Maryland recently reporting this industry as its fastest growing segment. As such, it is no wonder that many CPA and consulting firms have decided to focus exclusively on this industry.

COS has also developed a special emphasis in this unique and diverse industry. We believe, however, that in many respects, this segment faces the same issues that challenge most small businesses (e.g., human resource, technology and competitive issues).

Accordingly, what we offer is the breadth and depth that can only be garnered from having a diversified, full-service CPA firm practice together with expertise and experience in meeting the unique challenges that face this industry. For example, our professionals have experence in:       

• OMB Circular A-133 & "Yellow Book" Audits (See Auditing page
• Unrelated Business Taxable Income
• Lobbying & the Proxy Tax
• Public Disclosure & Information Returns
• Industry Specific Financial Accounting & Reporting Standards
• Intermediate Sanctions
• Political Action Committees
• Fund/Cost Accounting & Allocations
• Internal Controls

We understand the anxiety involved in changing accounting firms - even if it makes good business sense. As part of any review and selection process, we would be more than willing to arrange an initial meeting with you (and other trusted advisors if needed), without charge, to discuss any concerns or issues there may be - afterall, a lasting relationship of mutual trust should begin before commitments are made. How can we help you?

For further information or comments, call us at (301) 421-1330.