nonprofit, 501c3, know to grow, social impact, operation grow, mentorship, entrepreneur, preserve the culture

Know To Grow, Inc.

CONNECT.DEVELOP.GROW



WHAT IS A NON-PROFIT?

A non-profit organization is a group, company, or organization formed to achieve a specific mission or goal beneficial to the public.


Contrary to the name, non-profit organizations can generate revenue. Instead of distributing it to share-holders, non-profits utilizes it's revenue to drive it's mission, pay employee salaries, overhead costs and administrative expenses. The Internal Revenue Service (IRS) recognizes over 25 categories of organizations as exempt from federal income tax.


Anyone can incorporate as a non-profit, but only those willing to abide by stringent government standards can achieve 501(c)(3) tax-exempt status.



Reasons to start a non-profit





Charitable Acts



Starting or becoming a non-profit organization allows you to be an agent of change, give back to the community, and make a positive change in the world.



Tax Exemption



Once an organization is tax-exempt, any charitable donations made by an individual are tax-deductible.



Accept Donations



Some of the income generated by non-profit organizations will come via charitable donations. Non-profits also posses the ability to solicit donations.



Grant Eligibility



Non-profit organizations may qualify for certain private or public grants.



NON-PROFIT SERVICES



Starting a non-profit/tax-exempt organization can be vigorous, from filing incorporation paperwork, to creating by laws, employment policies, tax-exemption and more.


We offer a wide-range of consulting and organizational solutions to help non-profits get started.





Articles of incorporation
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Organization structure



Articles of incorporation establish your business on record with your state.


We file the necessary documents with your state ensuring the correct legal/tax structure and ensuring the articles include the proper non-profit language and clauses required by the IRS.



create by laws
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Acquire licenses



Bylaws govern your organization. They describe your non-profits' purpose and outlines the rules of operation.


Focus on your organization's mission while we prepare the By-Laws and obtain any necessary operational license(s).



FILE FOR TAX EXEMPTION



Non-profit organizations are NOT automatically exempt from taxes. The Internal Revenue Service determines which organization receives this status.


We assist with applying for tax-exempt status. ​



development



The key to success is development. We offer programs to help non-profits grow, whether you're new to the sector or a thriving organization.


We grant non-profits access to resources that include training materials, support, mentorship and more.



Grant management



Small and large non-profits have one thing in common, the need for assistance. Grant management includes compliance with complex federal and state laws and regulations, as well as contractural agreements.


We offer grant management solutions to ensure compliance and continuance of funding.



consulting/all services



Our team of experienced consultants offer non-profits a myriad of consulting and support services such as: accounting, operational, marketing, payroll, and more.



THE 101 ON NOT-FOR-PROFIT



Topic: Accounting



Not-for-Profit organizations present a unique set of accounting and governance issues. This session focuses on the fundamentals of NFP organizations, including key definitions, financial statements, governance, revenue recognition, in-kind contributions, and tax considerations.


Learning objectives:

Identify fundamental terms and concepts specific to NFP organizations

Recall a financial statement presentation Identify key aspects of good governance and tax considerations

Identify thoroughly revenue recognition concepts for NFPs





INTERNAL CONTROLS AND FRAUD CONSIDERATIONS FOR NON-PROFIT ORGANIZATIONS



Topic: Internal Control



As a member of BKD’s National Not-for-Profit group, Neely has more than 17 years of audit and advisory experience in public accounting.


Neely also served in the United States Navy for four years. Neely’s expertise includes financial statement audits, single audits, grants management, and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning, and tax-exempt matters for a wide range of not-for-profit entities. Neely also performs forensic work related to various cases, internal controls consulting and consulting for healthcare practices.
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In addition to handling her clients’ accounting and audit needs, she advises clients on operational efficiencies, internal controls, governance issues, and routinely shares best practices with clients gained from working with various organizations. She is a highly sought national speaker on technical matters in the accounting community.


Neely is a member of the American Institute of CPAs, the Dallas Society of CPAs and serves as a board member of the Texas Society of CPAs. She is involved with many other professional associations, including the Association of Certified Fraud Examiners, Forensic CPA Society, Dallas Social Venture Partners, SPARK!, The Dallas Foundation Advisory Committee, Partnership for Philanthropic Planning (North Texas Chapter), and Relationships First. She is a 2000 graduate of Old Dominion University, with a Bachelors in Accounting, Magna Cum Laude.





OVERVIEW AND INTRODUCTION TO THE UNIFORM GRANT GUIDANCE



Topic: Accounting



Learn about the basics of Uniform Grant Guidance (“UGG”). In this session, you can gain an understanding of the various subparts of the UGG as it relates to both industry professionals as well as practitioners. Attendees will also learn about the consequences of noncompliance with the UGG.





INTRODUCTION TO THE AUDITING OF FEDERAL AWARDS AND MAJOR PROGRAM DETERMINATION



Topic: Accounting



Learn about the auditing of federal awards as it relates to the Schedule of Expenditures of Federal Awards. Attendees will also learn how to select the major program(s) to be audited while performing audits under the Uniform Grant Guidance.





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