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: Nonprofit CFO of the Year Awards: Tate & Tryon is a co-founder of the Nonprofit CFO Awards which is an annual awards ceremony designed to honor nonprofit CFOs in the Greater Washington area for outstanding contributions and promoting improved accountability and financial reporting practices (www.nonprofitCFOaward.com).
ASAE and 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.
Volunteer Work and Service: Tate & Tryon recognizes it is our responsibility to help enrich our surrounding communities of residence and work. We encourage our employees to become involved in their local communities, lending their voluntary support to programs that make a positive impact. Therefore the Firm feels it important to offer time off with pay for volunteering.
Boards and Councils: Several Firm Partners serve on nonprofit boards and councils, for example: Charles Tate, the Firm’s Managing Partner, is the immediate past President of the Greater Washington Society of CPAs, and is 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. Michael Tryon is a member of the board of directors for the Finance & Administration Roundtable, and Anna Hofmeister is the immediate past Chair of ASAE’s Finance and Business Operations Section Council.
New Form 990: A major issue presently facing the nonprofit sector is the significant revisions that have been made to the IRS Form 990. As such, we have spent a great deal of time educating our clients and the rest of the nonprofit community on the major changes to the new Form and what they should be doing to prepare.