A team of compliance specialists will come to your church or ministry and conduct an on-site compliance review. Our on-site compliance review covers three calendar years of books, records, minutes, bylaws, forms W-2, 1099, W-3, 941, 941-C, bank reconciliation statements and housing allowances to clergy, if applicable. In order to verify compliance, generally we inspect all assets, and examine depreciation schedules, insurance policies, deeds and titles to all property, promissory notes to lending institutions and individuals, and any other record or evidence of the ministry’s organization, operations and activities relating to tax-exempt and financial accounting compliance.

To the extent necessary and appropriate, we review all policies and procedures, bookstore inventory, required filings for schools or academies, financial statements, balance sheets, revenue and expense statements, supporting schedules, general ledger, disbursement journals, contribution reports and procedures, contribution receipts and receipt systems, ministers recent personal income tax returns, and Forms 990 (federal annual information return required of a tax-exempt organization that is not a church) and 990T (return of a tax-exempt organization engaging in unrelated business income activities), as may be appropriate. An exit meeting will be held prior to the departure of the Examiner(s) and a written Management Letter will be provided to the Board of Directors not later than thirty (30) days after the completion of the review.