Tate & Tryon has a proud tradition of leadership and commitment to the nonprofit community. We are firmly committed to sharing our knowledge and resources with the communities in which we do business, for example:
Summer Intern Learning Program: Several years ago, Tate & Tryon launched a pilot learning program for summer interns in partnership with several small charitable organizations. This 10-week program is designed to provide accounting student interns with hands-on experience working in a nonprofit accounting office. The program has provided pro-bono services ranging from internal control documentation to audit preparation.
Nonprofit CFO of the Year Awards: Tate & Tryon is a co-founder and host of the Nonprofit CFO of the Year Awards luncheon which is an annual awards program founded in 2006 to honor nonprofit CFOs in the Greater Washington area who demonstrate operational excellence, outstanding leadership in financial management, and a commitment to enhancing accountability and financial reporting. The Awards Luncheon is held in conjunction with the Greater Washington Society of CPAs Annual Not-for-Profit Organizations Symposium, which has drawn an attendance of nearly 600 industry and private practice financial professionals each year. For more information, please visit the event Web site at www.nonprofitCFOaward.com.
ASAE - The Center for Association Leadership: In addition to financial support, we provide significant pro bono tax services. For example, we frequently assist ASAE in drafting comments on proposed tax legislation, as well as IRS regulations and procedures. More recently, we helped ASAE draft comments regarding the newly-revised Form 990 and instructions. We also worked extensively with ASAE in connection with the “supporting organization” provisions of the Pension Protection Act of 2006, to the extent they applied to business leagues. We not only assisted ASAE with the Act as originally passed, we helped ASAE lobbyists provide technical information to House Ways and Means Committee staffers regarding proposed technical corrections to the Act that would be beneficial to associations.
Volunteer Work and Service: The Firm's staff participate in the annual DC Dictionary Project sponsored by the Rotary Club and Foundation of Washington, DC. The DC Dictionary Project provides a Webster's dictionary to every 3rd grade student in the District of Columbia's Public School System. Michael Tryon, a Senior partner with the firm, recently hosted an in-house educational presentation on the roles and responsibilities of an audit committee for members of the Wounded Warrior Project’s audit committee. The Wounded Warrior Project is a nonprofit organization that provides unique, direct programs and services to meet the needs of severely injured members of our armed forces.
Boards and Councils: Several Firm Partners serve on nonprofit boards and councils, for example: Charles Tate, the Firm’s Managing Partner, is a member of the ASAE Public Policy committee and serves as Treasurer of the Yellow Ribbon Fund which assists our injured service members and their families while they recuperate at the Walter Reed Army Medical Center and the National Naval Medical Center. He is also a past President of the Greater Washington Society of CPAs. Michael Tryon serves on the board of directors for the Finance & Administration Roundtable, and is also a member of the audit committee for the Council on Foundations. Anna Hofmeister is a past Chair of ASAE’s Finance and Business Operations Section Council. Doug Boedeker is the past Treasurer of the Rotary Club of Washington, DC. Jackie Bryant is a member of the GWSCPA Board of Governors.
Guide to the New Form 990: A major issue recently faced by the nonprofit sector is the significantly revised IRS Form 990. In recognition of Tate & Tryon’s long history of leadership in the area of nonprofit taxation, ASAE requested the Firm’s exempt organization tax specialists to write an extensive guide to the revised Form 990, which now serves as a handbook for the nonprofit community as they work through the intricacies of the new form.
