Serving the business needs of not-for-profit organizations

Helping your organization move forward

Mitchell & Titus, LLP is the largest minority-controlled professional services firm in the US. With professionals located in six regional offices, we serve clients ranging from Fortune 100 to middle-market companies and not-for-profit organizations. As a member firm of Ernst & Young Global Limited, Mitchell & Titus’ clients receive the attention of a midsize firm with access to the full resources, technology and knowledge of a Big Four firm. Whether your business needs are for Assurance, Tax or Advisory services, we have the capabilities to serve you. As the auditor of choice for many leading not-for-profit organizations, we are well positioned to understand your organization and provide many of the services you need.

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Our services

Assurance Our audit methodology focuses on the way your organization works. We concentrate on the business areas that are significant to your financial statements and that are critical to your risk profile. Our early identification of business and control vulnerabilities and opportunities enables us to focus our audit effort on those areas of greatest risk. The result is a highly efficient audit.

We offer: • A tailored audit approach for not-for-profit organizations

• Assistance in areas ranging from risk assessments, business process improvements, governance matters and providing audit committee leading practices

• Up-to-date information on regulatory and accounting developments

Exempt Organization Tax ServicesMitchell & Titus’ Exempt Organization Tax Services practice has extensive experience serving various types of not-for-profit organizations. Our focus on the unique aspects of exempt organizations is a key factor in our success in this area. Our tax professionals have been trained and are continuously educated to identify and resolve issues relating to tax-exempt organizations. These individuals possess detailed knowledge of the intricacies of pertinent tax laws and are able to integrate their knowledge to meet with our clients’ needs.

We can: • Help you to prevent your organization’s tax-exempt status

from being threatened through restricted or prohibited activities

• Provide advice on compensation-related matters, including executive compensation and deferred compensation, qualified plan compliance issues and employee versus independent contractor classifications

• Represent you before the IRS or other regulatory agencies with respect to audits or inquiries

• Review relevant materials and other activities that may generate unrelated business income and advise you on the ramifications

In today’s environment, not-for-profit organizations are faced with a host of complex operational and regulatory concerns. Mitchell & Titus provides not-for-profit organizations with a full range of Assurance, Advisory and Tax services to help you address your concerns. Let us help you focus on your business needs, so that you can focus on what’s important to you —achieving your mission.

Mitchell & Titus’ Not-for-Profit Market Group is composed of dedicated professionals who contribute to the standard-setting bodies and who make us a leader in serving the not-for-profit industry. We provide services to a diverse group of not-for-profit organizations, such as membership associations, foundations, educational institutions, social service, voluntary health and welfare and religious and community development organizations. The Not-for-Profit Market Group is the firm’s largest industry sector.

Advisory ServicesMitchell & Titus’ Advisory Services practice provides enhanced risk services to organizations interested in internal audit and risk management through our familiarity with the not-for-profit sector and the operational subject matter. Our services help clients develop and maintain highly qualified risk functions that are flexible enough to meet today’s changing business environment.

We assist organizations by providing:• Strategic approaches that evaluate and enhance internal

audit and risk management functions through functional assessments, risk assessments, strategic planning, transformation, licensing, corporate governance, self-assessment and digital risk

• Operational recommendations that enhance an organization’s ability to improve processes; address specific risks; monitor financial controls; address industry-specific operational improvements; and conduct contract assurance and third-party vendor reviews

• Outsourcing alternatives that enhance internal audit and risk management functions by outsourcing activities in their entirety or outsourcing one or more strategic elements of the function(s)

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Leading practices and thought leadershipWe disseminate information to our clients regarding the status of current industry projects as well as our firm’s views on issues affecting your organization.

PublicationsNot-for-profit publications, which can be obtained through your account service team or via www.ey.com, include:

• Not-for-Profit Tax Alerts

• Financial Reporting Developments

• Exempt Organizations & Government Entities Tax Newsletter

In addition, the following EY resources are available to your audit committee and are located on www.ey.com:

BoardMatters Quarterly — A newsletter designed specifically for audit committee members. Each issue contains knowledge and insights on a variety of topics learned through interactions with audit committee members and EY’s work with the Audit Committee Leadership Network (ACLN), a select group of Audit Committee chairs from America’s leading companies.

Tapestry Network Publications — This group is comprised of Audit Committee chairpersons of some of the largest companies in the country. They gather periodically to discuss topical issues discussed by the ACLN. The information from those sessions is then presented in a variety of publications that are distributed to our clients.

Webcasting seriesWebcasts are designed to share thought leadership on current topics that are important to our clients about current business issues. Presented as one-hour interactive events, the webcasts cover a wide variety of topics representing accounting, tax and human resources knowledge. Where applicable, participants may earn continuing professional education credit and most webcasts are available for replay on EY’s website, www.ey.com.

Breakfast roundtable seminar seriesThis seminar series is designed as an open forum roundtable discussion to provide not-for-profit organizations with an overview on a topic of interest and led by Mitchell & Titus professionals who share leading practices.

Contact usFor information about how Mitchell & Titus’ services will benefit your not-for-profit organization, please contact:

Mitchell & Titus | Assurance | Tax | Advisory

About Mitchell & Titus, LLPMitchell & Titus, LLP is the preeminent minority-controlled professional services firm offering Assurance, Tax and Advisory services in the US. Our inclusive environment and diverse thinking result in creative options for our clients. As a member firm of Ernst & Young Global Limited, clients can tap into a wide array of sophisticated, global services. At the same time, Mitchell & Titus’ heritage of quality and seasoned professionals bring varied insight to every engagement. For more information about our organization, please visit mitchelltitus.com.

About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

© 2014 Mitchell & Titus, LLP.All Rights Reserved.

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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

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Office locationsNew York One Battery Park Plaza

27 Floor New York, NY 10004 Main: +1 212 709 4500 Fax: +1 212 709 4680

Newark One Gateway CenterSuite 2600 Newark, NJ 07102 Main: +1 201 806 7900 Fax: +1 201 806 7910

Philadelphia 1818 Market Street29 Floor Philadelphia, PA 19103 Main: +1 215 561 7300 Fax: +1 215 569 8709

Baltimore 111 South Calvert Street Baltimore, MD 21202 Main: +1 410 576 8974 Fax: +1 410 385 5201

Washington, DC 1101 New York Avenue, NW Suite 601 Washington, DC 20005 Main: +1 202 293 7500 Fax: +1 202 465 3149

Chicago 333 West Wacker DriveSuite 1600 Chicago, IL 60606 Main: +1 312 332 4964 Fax: +1 312 332 0181

Rick Gonzalez Contract Risk Advisory Services Leader +1 212 709 4537

Elaine Allen National Not-for-Profit Market Leader, New York and Newark +1 212 709 4640

Irene Davis Office Managing Partner, Chicago +1 312 325 7422

Frederick Davis, Jr. Tax Managing Partner +1 212 709 4541

Michael G. Horsey Office Managing Partner, Philadelphia +1 215 561 0754

Christopher Wiggan, Sr. Partner, Washington, DC and Baltimore +1 202 466 0161