Tate & Tryon Blog

Articles and resources for the nonprofit industry.

Automatic Revocation of Exempt Status for Subordinate Group Members: Reinstatement and Erroneous Revocation

By: R. Michael Sorrells, Tax Principal Exempt Organizations Automatic Revocation:  The Pension Protection Act of 2006 added a provision to the tax law (IRC Section 6033(j)), which automatically revokes tax exempt status for any tax-exempt organization that does not file a Form 990 series return (Form 990, 990-EZ or 990-N, as applicable) for 3 consecutive years.  Tax exempt organizations such as churches, who are not required to file Forms 990, [...]

July 12th, 2017|Categories: Exempt Organization Tax|Tags: |

Welcome Interns!

Tate & Tryon is pleased to extend a very warm welcome to our Student Interns who will be working in our audit, outsourcing, and technology departments for the next several weeks. We are so thrilled to have them with us this summer as we help them learn the ins and outs of a career in public accounting. Audit and Assurance Services: Alexandra Daly, Virginia Tech Charles Silva, Christopher Newport University [...]

June 25th, 2017|Categories: Firm News|Tags: , |

T&T Welcomes Nine New Hires

Please join us in welcoming the newest additions to outsourcing, audit, and technology departments: Nurah Ford, Interim Controller Nurah Ford has joined the Firm’s Outsourced Services practice as an Interim Controller and has over 10 years of accounting and financial management experience, primarily in the nonprofit industry.  In this role, Nurah will function as controller for our clients on a temporary basis, to fill a vacancy until permanent replacement is [...]

June 25th, 2017|Categories: Firm News|

Enterprise Risk Management – is it Part of Your Strategy?

Strategic planning is a useful exercise in providing guidance in fulfilling a mission. Unfortunately, most strategic plans ignore risks and have no visible or clearly articulated connection to the organization’s strategy.  Risk management and strategy-setting are not separate and distinct activities. The Committee of Sponsoring Organizations of the Treadway Commission (COSO), defines enterprise risk management as: “A process, effected by an entity’s board of directors, management and other personnel, applied [...]

June 25th, 2017|Categories: Enterprise Risk Management|Tags: , |
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